Industries Qatar Endorses Agenda Items and Okays Distribution of 60% Cash Dividend

March 06, 2019

Industries Qatar (IQ) announced the results of its AGM and EGM that were held yesterday, Tuesday, 5 March 2019, in Al-Rayan Ballroom, Sheraton Hotel.

Agenda of the Ordinary General Assembly Meeting:

1.      Listen to H.E. Chairman's Message for the financial year ended December 31, 2018.

2.      Listen and approve the Board of Directors' Report on IQ's operations and financial performance for the financial year ended December 31, 2018, and the future plans of the company.

3.      Listen and approve the Auditors' Report on IQ's consolidated financial statements for the financial year ended December 31, 2018.

4.      Approve IQ's financial statements for the financial year ended December 31, 2018.

5.      Approve the 2018 Corporate Governance Report.

6.      Approve the Board's recommendation for a dividend payment of QR 6 per share, representing 60% of the nominal share value.

7.      Absolve the Board of Directors from liability for the year 2018 and approve their remuneration.

8.      Appoint the external auditors for the financial year ended December 31, 2019 and approve their fees.

Agenda of the Extraordinary General Assembly Meeting:

Approve the proposed amendments to the Company’s Article of Association.