15/04/2025
Zad Holding Co. announces the results of the AGM and EGM. The meeting was held on 14/04/2025 and the following resolution were approved
AGM:
First: Approved the company financials for the year ended 31 December 2024.
Second: Approved the BOD recommendation for a distribution of cash dividends of 70% (QR 0.7) per share for 2024.
Third: Approved the external auditors ICOFR report for year 2024.
Fourth: Approved the company’s Corporate Governance Report for 2024.
Fifth: Absolved the members of the Board of Directors from the responsibility for the financial year ended 31 December 2024 and approved their remunerations.
Sixth: Appointed KPMG as external auditor of the company for the year 2025.
EGM:
The EGM approved the recommendation to amend Article 72 of the AOA, granting the Board of Directors authority to approve interim dividends in line with QFMA regulations and the Commercial Companies Law of Qatar.
EGM also authorized the BOD to carry out the required amendments on the AOA as per its resolution.