BARWA REAL ESTATE: THE AGM ENDORSES ITEMS ON IT’S AGENDA AND EGM POSTPONES DUE TO THE LACK OF THE REQUIRED QUORUM

Barwa Real Estate announces the results of the Ordinary General Assembly Meetings held on 13.3.2022 the AGM has decided the following:

1. To review the Board of Directors’ Report on the activities of the company and its financial position for the financial year ending 31/12/2021 as well as to discuss and approve the company’s future plans for the year 2022.

2.To review and approve the auditors’ report on the financial statements of the company for the year ending 31/12/2021.

3.To review and approve the Sharia’a Supervisory Board report the financial year ending 31/12/2021 and appoint a new Sharia’a Supervisory Board for the financial year 2022.

4.To discuss and approve the company’s balance sheet and profit/loss statement for the financial year ending 31/12/2021.

5.To approve the Board of Directors’ proposal of distributing cash dividends of QR 0.175 per share (17.5% of the share value) for the financial year ending 31/12/2021.

6.To absolve the Board of Directors’ members of any liability for the financial year ending 31/12/2021 and approve their compensation.

7.To discuss and approve the company’s Governance Report for the financial ending 31/12/2021.

8.To appoint the Auditors for the financial year 2022 and determine their fees.

The Extraordinary General Assembly Meeting was also postponed to Monday, March 14, 2022 due to the lack of a quorum set for it.

 

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