Zad Holding Announces Agenda of AGM To Be Held on 28/3/2018

March 11, 2018

Zad Holding Board of Directors Zad announced the invitation of shareholders to attend the Ordenary and Extraordinary General Assembly meetings, scheduled to convene at 5:30 pm, 28 March 2018, at the Sharq Hotel & Resort Ras Abu Abboud, Doha. In the event the quorum was not completed, the meetings will be rescheduled to Wednesday, 4 April 2018, at 4:30 pm at the same venue. The meetings will discuss the following items:

AGM Agenda:

1.      To hear the report of the Board of Directors on the company's activity and financial position during the financial year ended 31/12/2017, and the company’s future plans.

2.      To hear the auditor's report on the company's budget for the fiscal year ended 31/12/2017.

3.      To discuss and approve the balance sheet and profit and loss account for the fiscal year ended 31/12/2017.

4.      To approve the recommendation of the Board of Directors to distribute profits for the fiscal year 2017 at 65% ​​cash dividends and 5% bonus shares.

5.      To relieve the members of the Board of Directors from liability for the financial year ended 31/12/2017 and the adoption of bonuses.

6.      To discuss the Governance Report for the year 2017.

7.      To Appoint an External Auditor for the fiscal year 2018, and determine their fees.

EGM Agenda:

1.      To approve the recommendation of the Board of Directors to reconcile the company's status in compliance with QFMA's board decision No. (5) of 2016 concerning the of governance code for companies and legal entities listed on the main market, through the amendment of the company’s Articles of Association and Memorandum of Incorporation.

2.      To authorizing the Board of Directors to make the necessary amendments to the Articles of Association and the Memorandum of Incorporation.