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Salam International Investment
Ltd AGM Consents Agenda Items
11 March 2020
Salam International Investment Ltd held its
shareholders’ general assembly meeting who discussed and ratified the
items listed on the meeting agenda as follows:
1.
The Directors’ report on the company’s
activities and financial position for the year ended 31 December 2019
beside the company’s future strategies.
2.
The external auditors’ report for the
financial year ended 31 December 2019. Reviewing the financial figures
stated in the external auditors report and the company’s financial
statements for the year ended 31 December 2019, which reflected net
losses of QAR 129.6 million for the year, the AGM resolved not to
distribute dividends. The AGM has also approved the independent report
submitted by the external auditors on the consolidated financial
statements of the company. In addition, the AGM approved the disclosures
stated in the notes on the financial statements including the disclosure
relevant to the subsidiaries and the loans.
3.
Discharging the Board of Directors from
their responsibility on the company’s financials for the year ended 31
December 2019.
4.
Electing Misters Ernst & Young to handle the
company’s accounts for the year 2020 and determining their wages.
5.
Granting the Board of Directors the right of
disposal over the company’s owned real estates and the subsidiaries’
owned real estates including all related investment real estates. The
right of disposal includes all types of disposal of purchasing, selling,
leasing and pledging. The AGM also renewed its consent to the Board of
Directors to hold loans contracts, issue letters of guarantees and
warranties required for obtaining banking facilities to operate the
company and its subsidiaries as appropriate and to finance its existing
and future projects inside and outside the State of Qatar and also to
aggregating and rescheduling of loans.
6.
The company’s corporate governance report
for the year 2019.
7.
The renewal of the ratification on the
authorization of the Board of Directors to enter into joint ventures
with the sister company Al Salam Bounian and to hold loans with it and
issue letters of guarantees and warranties required as appropriate.