Widam AGM Endorses Its Agenda Items,
Approves Proposed 45% Cash Dividend and Postpones EGM to
3/3/2019
February 25, 2019
Widam Food Company announced the results of
its Ordinary General Assembly meeting that was held on
24/2/2019, and approved the following resolutions:
1.
Approved the report of the Board of Directors on the company’s
activities, financial position for the year ended 31 December
2018, and its future plans.
2.
Approved the report of the External Auditors on the company’s
Financial Statements for the year ended 31 December 2018.
3.
Approved the balance sheet and profit and loss for the year
ended 31 December 2018.
4.
Approved the Corporate Governance Report for 2018.
5.
Approved the distribution of cash dividends to shareholders at
the rate of (45 %) of the nominal share value, i.e. QR 4.50 for
each share.
6.
Approved the release of the members of the Board of Directors
from liability for the financial year ended 31 December 2018,
and determined their fees.
7.
Elected members to the Board of Directors for the period
(2019-2021).
8.
Appointed KPMG Company as an External Auditor (For the year
2019).
As for the Extraordinary General Assembly
meeting, scheduled to be held after the Ordinary General
Assembly, and since the quorum was not completed, it was decided
to postpone the meeting to the second date on Sunday, 3/3/2019
at the same time and venue.
|