Qatari Investors Group AGM and EGM Endorses
Agenda Items and Approves 7.5% Cash Dividend
February 21, 2019
Qatari Investors Group announces the
results of the Ordinary and Extraordinary General Assembly
meetings held on 20/2/2019 and has approved the following
resolutions:
Ordinary General Assembly Meeting
Resolutions:
1.
Approved the Board of Directors’ report on the Company’s
activities and its financial position during the year ended on
31 December 2018 and the Company’s business plan for 2019.
2.
Approved the report of the External Auditor on the Company's
budget, financial position and final accounts submitted by the
Board of Directors.
3.
Approved the company's budget and statement of profits and
losses for the year ended on 31 December 2018.
4.
Approved the Board of Directors' recommendation to distribute a
cash dividend of 7.5% of the share nominal value (i.e. QR 0.75
per share).
5.
Approved the Corporate Governance Report of 2018.
6.
Approved the basis and policy for granting remuneration for the
Board of Members, in addition to incentives and rewards of
Senior Executive Management and the Company’s employees in
Accordance with the principles of the Governance Code.
7.
Absolved the members of the Board of Directors from any
liability for the financial year ended on 31 December 2018 and
determine their remuneration.
8.
Appointed Rodl & Partner as the External Auditor for the
financial year 2019 and determine their fees.
Extraordinary General Assembly
Meeting Resolutions:
The Extraordinary General Assembly
approved the amendment of the company’s Articles of Association
in respect to the nominal value of the share in accordance with
the decisions of the Qatar Financial Markets Authority and
authorize the Board of Directors to make the necessary
amendments before the competent authorities.
To view the Amended Articles,
click here
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