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Kahramaa AGM Ratifies Agenda Including Dividends
Distribution
16 March
2020
Qatar Electricity & Water Company announced the results of its
shareholders’ general assembly meeting held yesterday, Sunday 15 March
2020, where the AGM 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 in addition to the company’s future strategy.
2.
The external
auditors report on the company’s accounts for the year ended 31 December
2019.
3.
The financial
statements for the year ended 31 December 2019 along with distribution
of cash dividends worth 77.5% of the share par value.
4.
The company’s
corporate governance report for the year 2019.
5.
Discharging the
Board members from their responsibility on the financial year ended 31
December 2019 and their determining their remunerations at 0.83% of the
net profit.
6.
The reelection
of Misters Ernst & Young as the company’s external auditors to handle
the company’s accounts for the financial year 2020 at wages of QAR
385,000.
7.
The Board
elections result as follows (excluding the appointed five government
Board members):
·
His Excellency
Sheikh / Hamad bin Jabr bin Jasim Al Thani
·
His Excellency
Sheikh Saud bin Khaled Al Thani
·
His Excellency
Sheikh / Hamad bin Jassim Al Thani
·
Mr. Nasser bin
Khalil Al-Jaidah
·
Mr. Adel Ali Bin
Ali
·
Mr. Salman bin
Abdullah Abdul Ghani