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Al Khaleej Takaful Insurance AGM Ratifies Agenda
Including Dividends Distribution
06 April 2020
Al Khaleej Takaful Insurance AGM and EGM held yesterday, Sunday 05
April 2020 have discussed and ratified all items listed on the agenda as
follows:
AGM approvals:
ü
The Board of Directors’ report on the company’s activity and
financial position for the year ended 31 December 2019 together with the
company’s future strategy.
ü
The external auditor’s report on the company’s accounts for the year
ended 31 December 2019.
ü
The Fatwa and Sharia Supervisory Board report for the year ended 31
December 2019.
ü
The financial statements for the year ended 31 December 2019 along
with the Board’s recommendation to distribute dividends of 5 Dirhams per
share.
ü
Discharging the Directors from their responsibility over the 2019
accounts and determining their remunerations.
ü
The Governance report of the year 2019.
ü
The appointment of external auditor to handle the 2020 accounts and
determining their wages.
EGM Approvals
ü
The amendment of Article (6) of the company’s bylaws to adjust the
QAR 4, a difference between the paid up capital and the number of shares
and further transfer it to the statutory reserve.
Article (6) before amendment
The company’s paid up capital is QAR 255,279,024/- (Qatari Riyal,
two hundred fifty five million, two hundred seventy nine thousand and
twenty four only) distributed on 255,279,020 shares (two hundred fifty
five million, two hundred seventy nine thousand and twenty shares) with
a nominal value of QAR 1.0 per share.
Article (6) after amendment
The company’s paid up capital is QAR 255,279,020/- (Qatari Riyal,
two hundred fifty five million, two hundred seventy nine thousand and
twenty only) distributed on 255,279,020 shares (two hundred fifty five
million, two hundred seventy nine thousand and twenty shares) with a
nominal value of QAR 1.0 per share.