Qatari German Medical Devices Holds AGM and Postpones EGM to 26/05/2019

April 25, 2019

Qatar German Medical Devices (QGMD) announced that the quorum of the Ordinary General Assembly has been completed and the meeting was held on Wednesday 24/04/2019, while due to the incomplete quorum of the Extraordinary General Assembly meeting, it was postponed to the third alternative date of 26/05/2019.

Below are the approved items of the Ordinary General Assembly:

Resolution (1):

Shareholders have approved the Board of Directors’ report on the company's activity and its financial position for the financial year ended 31/12/2018, as well as its future plans.

Resolution (2):

Shareholder have approved the Auditor’s report for the financial year ended 31/12/2018.

Resolution (3)

Shareholders have approved the company's balance sheet and profit and loss account for the period ended 31/12/2018, and the Board’s recommendation not to distribute earnings for the year 2018.

Resolution (4)

Shareholders have approved the corporate governance report for the year 2018.

Resolution (5)

Shareholder have approved releasing the Board members from all liability for the financial year ended 31/12/2018, and agreed not to credit them any remuneration.

Resolution (6)

Under the supervision of Ministry of Commerce & Industry, and the company’s external auditor representatives, the below listed names have been elected by cumulative voting:

1-      Mr. Khamis Mubarak Khamis Zamel Al- Kuwari – Independent Member of the Board of Directors.

2-      Mr. Saleh Johar Saed Mohamed Al-Mohamed – Independent Reserve Member in the event a vacancy opens up in the Board of Directors.

Resolution (7)

Shareholders approved the appointment of Mr. Talal Abu-Ghazaleh & Partners as the external auditors of the company for 2019.