16/04/2025
Qatar Electronic Systems Co. - Techno Q (Q.P.S.C.) announces the results of the AGM and EGM. The meeting was held on 15/04/2025 and the following resolution were approved
Ordinary General Assembly:
1. Approval of the Board of Directors’ report on the company’s activities and financial position for the fiscal year ended December 31, 2024, and the company’s business plan for 2025.
2. Approval of the auditor’s report on the company’s financial statements for the fiscal year ended December 31, 2024.
3. Approval of the company’s general budget and profit and loss account for the fiscal year ended December 31, 2024.
4. Approval of the Board of Directors’ recommendation to distribute cash dividends for the fiscal year 2024 at a rate of (0.142) Qatari Riyals per share, equivalent to (14.20%) of the nominal value of the share.
5. Approval of releasing the members of Board of Directors from any liability and approving their remuneration for the financial year ending on December 31, 2024.
6. Approval of the re-appointment of KPMG as the external auditors for the fiscal year 2025 and approved their fees in the amount of QAR 269,000.
7. Approval of the Nomination and Remuneration Policy.
Extraordinary General Assembly:
First: Approval on the amendment of Article (2) of the Company’s Articles of Association, concerning the company’s objectives, by adding seven (7) new business activities as follows:
1. Trading in audio and audio devices – Activity No.: 4742201
2. Trading in the installation and operation of esophagus and audio and voice show devices and equipment – Activity No.: 4773027
3. Liquid and dry batteries trading – Activity No.: 4530003
4. Trading in generators, electrical transformers, and spare parts – Activity No.: 4659501
5. Repairing electrical equipment – Activity No.: 3314001
6. Information Technology Consultancy – Activity No.: 7020903
7. Software designing and programming – Activity No.: 6201020
Second: Approval of authorizing the Chairman of the Board, Mr. Abdullatif Mohammed Ibrahim Jaidah, and the Vice Chairman, Mr. Tariq Mohammed Ibrahim Al-Jaidah, to individually sign the amended Articles of Association and make any necessary amendments deemed appropriate in this regard. The Chairman and Vice Chairman shall have the authority to appear before the Documentation Department at the Ministry of Justice, undertake all required procedures, and sign all documents or applications necessary to obtain approvals from the Companies Affairs Department at the Ministry of Commerce and Industry, the Qatar Financial Markets Authority, and any other relevant authority or ministry. The Chairman and Vice Chairman shall also have the right to delegate others to take the necessary steps to complete the approval and registration of the amended Articles of Association with the competent authorities.