Dlala Brokerage and Investment Holding Co. announces that the General Assembly Meeting AGM and EGM will be held on 22/04/2024, Pullman Hotel West Bay and 04:00 PM. In case of not completing the legal quorum, the second meeting will be held on 29/04/2024, Pullman Hotel West Bay and 04:00 PM
Agenda of the Ordinary General Assembly Meeting for Dlala Holding:
1. Hearing the report of the Board of Directors on the company's activities and its financial position during the fiscal year ending on 31/12/2023 and the company's future plan and approving them.
2. Hearing and approving the report of the company auditors for the financial year ending on 31/12/2023.
3. Discussing and approving the company's balance sheet and profit and loss account for the fiscal year ending 31/12/2023
4. Considering the Board of Directors’ proposal regarding the carryover of profits for the financial year ending on 31/12/2023
5. To discuss and endorse the Board of Directors’ report on Corporate Governance for the year 2023.
6. Hearing the auditor’s report on compliance with the laws and regulations of the Qatar Financial Markets Authority and other relevant legislation, including the corporate governance system for companies and legal entities listed on the main market, and on internal control controls over financial reports and approving them.
7. Consider discharging the members of the Board of Directors from liability for the financial year ending 31/12/2023
8. Appointing the External Auditor for the financial year 2024and determining their audit fees.
The Agenda of Extra Ordinary General Meeting (EGM)
1. Considering the recommendation of the Board of Directors to amend the Articles of Association of the Company by adding a clause that allows, based on a decision of the Board of Directors, to make quarterly or semi-annual distributions under the account of profits to shareholders in the fiscal year in which the distribution is made, in accordance with the decision of the Board of Directors of the Qatar Financial Markets Authority No. 7. For the year 2023 regarding the controls for distributing profits to listed joint-stock companies, based on the financial results achieved in these periods and the condition of obtaining prior approval from the Qatar Central Bank before making the distribution.
2. Approval to amend the Article (41) of Article of Association to add the following text “the Board of Directors may take a specific amount as a remuneration in case the company didn’t make profit, in this case AGM approved is required and ministry shall put a ceiling to this amount”. This is as per QFMA circular dated 11/06/2023 and after approval from all regulatory parties.
3. authorizing the Chairman of the Board of Directors to make any amendments to the Articles of Association in accordance with the decision of the extraordinary general assembly and sign the amended Articles of Association before the official authorities