Qatar National Cement Company Announces the Agendas of its Ordinary and
Extraordinary General Assembly
28 January
2020
Qatar National
Cement Company has announced the agenda of its ordinary and
extraordinary general assembly meeting, which will be held on Sunday, 23
February 2020, at 06:30 p.m. at the Westin Hotel – Doha. However, in the
event that the quorum is not met, the second meeting will be held on
Monday, 24 February 2020, at the same time and place, to study the
agendas of the two meetings, which will be as follows:
First: The
agenda of the Ordinary General Assembly:
1- Hearing the
report of the Board of Directors on the company's activity and financial
position for the fiscal year ended 31 December 2019, and the future
plans for the Board in the year 2020.
2- Hearing and
approving the auditors' report on the company's budget for the fiscal
year ended 31 December 2019.
3- Discussing
and approving the budget, profit and loss account for the fiscal year
ended on 31 December 2019.
4- Agreeing on
distributing 30% of the capital as cash dividends to the shareholders
for the fiscal year 2019, at 30 dirhams per valid share.
5- Discussing
and adopting the report of corporate governance for the year 2019.
6- Releasing the
quittance of members of the Board of Directors of their liability for
the fiscal year ended on 31 December 2019, and agreeing on their
remuneration.
7- Appointing
auditors for the fiscal year 2020, and specifying their fees.
8- Electing the
four members of the Board of Directors who are elected by the General
Assembly of the shareholders for the next three years’ term (2020-2022).
Second: The
agenda of the extraordinary general assembly: -
1- Agreeing on
adding the following clause to article (9) of the amended article of
association, as follows:
- Non-Qatari investors may own a
percentage not exceeding (49%) of the company’s capital, in pursuant
with the provisions of Law No (1) for the year 2019 regarding the
regulation of non-Qatari capital investment in the economic activity.
2- Authorizing
HE Mr. Chairman of the Board of Directors to take all necessary and
essential measures before the competent authorities and entities to
approve, document and publish the amendment cited in the amended article
of association.