Estithmar Holding Q.P.S.C. announces the results of the AGM. The meeting was held on 20/03/2024 and the following resolution were approved
The Annual Ordinary General Assembly results:
1) The General Assembly approved the Board of Directors’ report on the Company’s activities, financial position for the year ending 31 December 2023.
2) The General Assembly approved the auditors’ report on the financial statements of the Company for the year ending 31/12/2023.
3) The General Assembly approved the company’s Balance Sheet and profit and loss statement for the year ending 31/12/2023.
4) The General Assembly approved the recommendations of the Board of Directors not to distribute dividends for the financial year 2023.
5) The General Assembly approved the company’s Governance Report for the year ending on 31/12/2023.
6) The General Assembly approved discharging the Board of Directors’ members of any liability for the financial year ending 31/12/2023 and approved not to distribute renumerations to the Chairman & BOD due to the non-distribution of profits for the fiscal year ending 31/12/2023.
7) The General Assembly approved the appointment of Russell Bedford & Partners as the Auditors for the financial year ending 31 December 2024 and approved their fees as per the Board’s recommendations.