Gulf International Services General Assembly Endorses Agenda Items

March 11, 2019

Gulf International Services (GIS) announced the results of its Ordinary and Extraordinary General Assembly meeting held on Sunday 10/3/2019.

Results of the Ordinary General Assembly:

1.      Chairman’s keynote for the financial year ended 31 December 2018 was heard.

2.      The report of the Board of Directors on the company's activity and financial performance for the fiscal year ended 31 December 2018 was heard and approved, as well as future plans of the company.

3.      The assembly heard and approved the report of the company's auditor on the consolidated financial statements for the year ended 31 December 2018.

4.      The company's consolidated financial statements for the year ended 31 December 2018 was discussed and approved.

5.      The assembly viewed and approved the corporate governance report for 2018.

6.      The proposal of the Board of Directors not to distribute dividends for the financial year ended 31 December 2018 was approved.

7.      The assembly released the members of the Board of Directors from liability for the financial year ended 31 December 2018.

8.      The company's auditors for the financial year ended 31 December 2019 were appointed and their fees determined.

Results of the Extraordinary General Assembly:

- The proposed amendments to the company's Articles of Association were approved.