Salam International Announces Agenda of Its General Assembly to be Held oHEHhhhhkkwwkkwn 1/4/2019

March 13, 2019

Salam International Investment Ltd announced that its Ordinary and Extraordinary General Assembly meetings will take place on Monday 1/4/2019 at 6:30pm at The Gate Mall. In the event the quorum was not met, the meeting will be adjourned to Monday 8/4/2019 at the same location.

Agenda of the Ordinary General Assembly:

1)      View the Board of Directors’ report on the company’s activities and financial position for the financial year ended 31 Dec 2018, and discus its future plans.

 

2)      View the Auditors’ Report regarding the company’s Balance and Profit/Loss accounts for the financial year ended 31 Dec 2018.

 

3)      Discuss and approve the company’s overall Balance Sheet and Profit/Loss accounts for the financial year ended 31 Dec 2018.

 

4)      Exonerate members of the Board of Directors from any liability relevant to the financial year ended 31 Dec 2018.

 

5)      Appoint new Auditors for the financial year 2019 and set their fees.

 

6)      Renew the authorization granted to the Board of Directors to handle real estate properties of the company and its subsidiaries in all sorts of actions such as purchase, sell, rent, lease, mortgage and arrange for loans, issue letters of credit and guarantees required to obtain banking facilities for the operation of the company and its Subsidiaries to finance future projects and to conglomerate and re-schedule loans.

 

7)      Annual Governance Report 2018.

 

8)      Renew approvals for joint ventures with sister company Salam Bounian, to engage in loans with it and issue required letters of credit and guarantees.

 

Agenda of the Extraordinary General Assembly:

-        Amend the share nominal value from QR 10 to QR 1, and amend Article no. 8 of the Articles of Association and Article no. 6 of the Memorandum of Association.