The General Assembly of Zad Holding approved the distribution of cash dividends of 70% and 10% of bonus shares and the items on the agenda

06-04-2021


Zad Holding Company announced the results of the ordinary and extraordinary general assembly meeting held on 05/04/2021, where the following was approved:
The Assembly began discussing the presented agenda by listening to the report of the Board of Directors on the company's activity and performance during the fiscal year ending on December 31, 2020 and hearing the auditor's report on the company's financial statements for the fiscal year ending on December 31, 2020 and decided the following:
Ordinary General Assembly:
First: The General Assembly discussed the balance sheet of the company and the profit and loss account for the fiscal year ending on 31/12/2020 and approved them.
Second: The Assembly approved the recommendation of the Board of Directors to distribute cash dividends of 70% of the nominal value of the share and 10% of bonus shares for the fiscal year 2020 for all shareholders.
Third: The Assembly discussed and approved the company's report on corporate governance for the year 2020.
Fourth: The members of the Board of Directors have been discharged from liability for the fiscal year 2020, and their remuneration has been approved.
Fifth: The Assembly approved the policies, procedures and mechanisms for nominations and elections for the company's board of directors.
Sixth: The Assembly decided to appoint Messrs. KPMG to carry out auditing work for the year 2021 and determined their fees.
Extraordinary General Assembly:
The extraordinary general assembly approved the amendment to the articles of the statute to increase the capital by 10% according to the decision of the ordinary general assembly to distribute 10% bonus shares. It also authorized the Board of Directors to make the necessary amendments to the articles of association in accordance with its decisions.


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