Qatar Cinema Holds Its AGM and EGM on 03/4/2019 and Announces the Agenda

March 04, 2019

The Board of Directors of Qatar Cinema & Film Distribution Company announced that it has invited shareholders to attend the Ordinary and Extraordinary General Assembly meetings that will be held on Wednesday, 3 April 2019, at 6:00pm, at the Radisson Blu Hotel (Formerly Ramada) Juana Hall to discuss the following agenda:

First: Agenda of the Ordinary General Assembly:

(1)   Hear and approve the statement of Board of Directors on the company’s activities and its financial position for the year ended 31 December 2018, and to discuss the company’s future business plans.

(2)   Hear and approve the Auditor’s Report for the audited financials and final account for the year ended 31 December 2018.

(3)   Discuss and approve the company’s financial statement and income and loss statements.

(4)   Approve the recommendation of the Board of Directors for distribution of cash dividends for the year 2018 at the rate of 15% of the nominal value of share capital, which represents QR1.5 per share.

(5)   Discuss and approve the company’s Governance Report for the year 2018.

(6)   Absolve the Chairman and members of the Board of Directors from any liability for the financial year ended 31 December 2018, and approve their remuneration.

(7)   Appoint the external auditor for the financial year 2019 and approve their fees.

(8)   Elect the new members of the Board of Directors for the three year tenure to begin April 2019.

Second: Agenda for the Extraordinary General Assembly:

(1)   Amend Article (5) of the company’s Articles of Association, by dividing the nominal share value to become one Qatari Riyal, instead of Ten Qatari Riyals.

(2)   Add a new article to the company’s Articles of Association about increasing the maximum cap of non-Qatari possession of the company shares to (49%).

(3)   Amend Article (9) of the Articles of Association, by increasing the shareholder possession of the company shares, to be (10%) instead of (5%).

(4)   Amend Article (27) of the Articles of Association, by increasing the Board of Directors’ seats to (9) instead of (7).

Note: In case the quorum of either of meetings is not completed, the alternative date will be Wednesday, 10 April 2019, at same time and venue.