Home
/
News
United Development Company
Ratifies Agenda Items
04 March 2020
United Development Company announced
the results of its Ordinary General Assembly meeting held on Tuesday 3
March 2020 where the following items listed on the meeting agenda had
been approved:
Ø
Directors’ report on the company's activity and financial position
for the year ended 31 December 2019 along-with company's future
strategy.
Ø
External Auditor's report on the company's accounts for the fiscal
year ended 31 December 2019.
Ø
Approving and approving the general budget of the company and the
profit and loss account for the fiscal year ending on 31/12/2019.
Ø
The Board of Directors’ recommendation on the distribution of 5
dirhams cash dividends (QAR 177 million) a 5% of the share par value.
Ø
Discharging the Board of Directors from their responsibility on the
fiscal year ended 31 December 2019 and determining their remunerations.
Ø
Company’s 2019 Corporate Governance report.
Ø
Appointment KPMG as the company’s external auditor to handle 2020
accounts.