14-11-2022
Al Faleh Educational Holding Q.P.S.C announced the results of the Ordinary General Assembly meeting that was held on November 13, 2022, where the following was approved:
Decisions issued by the Annual Ordinary General Assembly Meeting of Al-Faleh Educational Holding Company Q.P.S.C.
With reference to the annual general assembly meeting of Al Faleh Educational Holding Company Q.P.S.C. which was held on Sunday 13/11/2022 at 5:30 pm; Al-Faleh Educational Holding Association has approved the following resolutions:
1. Approval of the Board of Directors’ report on the company’s activity and financial position for the fiscal year ending on August 31, 2022, and the company’s future plan.
2. Approval of the auditor’s report on the company’s balance sheet and financial position for the year ending on August 31, 2022.
3. Approval of the company's annual general budget and profit and loss account for the fiscal year ending on August 31, 2022.
4. Approval of the auditor’s report on the adequacy of the effectiveness of the internal control systems in place in the company for the fiscal year ending on August 31, 2022.
5. Approval of the Board of Directors’ recommendation to distribute cash dividends to shareholders of 0.03125 Qatari riyals per share for the fiscal year ending on August 31, 2022.
6. Agreeing to absolve the members of the Board of Directors from liability for the fiscal year ending on August 31, 2022, and not granting them remuneration for the fiscal year ending on August 31, 2022, except for the annual lump sum specified in accordance with the company's articles of association.
7. Approval of the company's corporate governance report for the fiscal year ending on August 31, 2022.
8. Approving some policies that have been prepared in accordance with the corporate governance requirements issued by the Qatar Financial Markets Authority.
9. Hearing the Sharia advisor’s report on the company’s activity for the fiscal year ending on August 31, 2022.
10. Approval of the appointment of Messrs. Russell Bedford as the company's auditor for the fiscal year ending on August 31, 2023.