The AGM and EGM of Mannai Corporation Endorses Agenda Items and Approves 20% Cash Dividend

March 28, 2019

Mannai Corporation announced the results of the Ordinary and Extraordinary General Assembly meetings was held on Wednesday, 27th March, 2019. The meetings resolved the following:

First: AGM Resolutions:

1.      Approved the Board of Directors Report on the Corporation activities and financial position for the year ended December 31, 2018.

2.      Heard and approved the External Auditor’s Report on the Financial Statements for the year ended 31 December 2018.

3.      Approved the Corporation’s balance sheet and profit and loss account for the year ended 31 December 2018.

4.      Approved the Board of Directors’ proposal for a cash dividend payment of QR2 per share, being 20% of the nominal share value of QR10.

5.      Absolved the Chairman and members of the former Board for the year ended 31 December 2018.

6.      Approved the Corporate Governance Report of the Corporation for the year 2018.

7.      Appointed M/s. KPMG as the External Auditor for the year 2019.

8.      Authorized Mr. Khalid Ahmed Al Mannai to take the procedures necessary for execution of Assembly resolutions.

9.      Elected the ten below named persons as Directors in the Board of Directors of the Corporation for a period of three years commencing from 27 March 2019, until the Annual Ordinary General Assembly to be held in 2022:

Second: EGM Resolutions:

1.      Elected H.E. Sheikh Hamad Bin Abdulla Bin Khalifa Al Thani as Chairman of the Board of Directors.

2.      Elected H.E. Sheikh Suhaim Bin Abdulla Bin Khalifa Al Thani as Deputy Chairman of the Board of Directors

3.      Formed the Board Committees.

To view the Board Committees, click here

To view the Extraordinary General Assembly Resolutions, click here