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ZAD HOLDING CO. : DISCLOSE THE ANNUAL FINANCIAL STATEMENT OF 2021

Zad Holding Co. discloses the interim financial statement for the twelve-month period ending 31st December , 2021 . The financial statements revealed a Net Profit of QR 190,046,096 in comparison to Net Profit QR 201,494,492 for the same period of the previous year.

The Earnings per share(EPS) amounted to QR 0.73 as of 31st December , 2021 versus Earnings per share(EPS) QR 0.77 for the same period in 2020.

The Board of Directors recommended the distribution of cash Profit  65%  and Gratuitous shares 5% on  subject to the approval the General Assembly Meeting.

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Zad Holding Co. : Board of directors meeting results

Zad Holding Co. announces the results of its Board of Directors’ meeting held on 23/03/2022 and approved

 

1- The annual financial reports for the year ended 31 December 2021.
2- Resolved to recommend to the AGM dividends distribution for 2021 of 65% cash and 5% bonus shares.
3- Resolved to recommend to the EGM to amend the company’s Articles of Association in compliance with the law number 8 for 2021 and the Corporate Governance Code of QFMA.

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Alkhaleej Takaful Insurance approves the resolutions of the Ordinary General Assembly

Alkhaleej Takaful Insurance Company announced the results of the Ordinary General Assembly meeting held on Tuesday 22/3/2022,  and approved the following:

1.
Hearing Board of Director’s Report about the company’s activities and financial position for the year ending 31.12.2021 and the future plan of the company.
2.
Hearing and approving Auditors Report about company’s financial statements for the year ending 31.12. 2021.
3.
Hearing the Sharia’s Authority Report on the activities for the financial year 2021.
4.
Discussing and approving the balance sheet of the company and accounts of profits & losses for the fiscal year ending 31.12. 2021 and approving the BOD recommendation to distribute 7,5% cash dividends to shareholders.
5.
Discharging the BOD the responsibility of fiscal year 2021 & determining their remuneration.
6.
Approving the governance report of the company for the year 2021.
7.
Appointing the External Auditor for the year 2022 & determining their fees (KPMG) .

 

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MEDICARE GROUP CO : THE AGM ENDORSES ITEMS ON IT’S AGENDA AND EGM POSTPONES DUE TO THE LACK OF THE REQUIRED QUORUM

Medicare Group Co. announces the results of the AGM and EGM. The meeting was held on 21/03/2022 and the following resolution were approved

 

1.     The General Assembly heard and endorsed the Board of Director’s report on the Company’s business activities and company’s performance during the Financial Year ended on 31/12/2021; and the future business plan.

2.    The General Assembly heard the External Auditor’s report on the Company’s financial statement for the financial year ended on 31/12/2021, and endorsed it.

3.    The General Assembly discussed and endorsed the Company’s financial statement for the financial year ended on 31/12/2021.

4.    The General Assembly endorsed the Board of Directors recommendation for distributing cash dividends of 25% of nominal share value (i.e QR 0.25 per share).

5.    The General Assembly absolved the board of Directors from liability for the financial year ended on 31/12/2021; and endorse their remuneration.

6.    The General Assembly reviewed the Company’s Governance Report for the Year 2021; and endorsed the report.

7.    The General Assembly appointed M/s. Ernst & Young as External Auditors for the financial year 2022 and fixed their fees.

8.     The General Assembly approved the recommendation of the Board of Directors to allocate an amount of QR 139,650 (one hundred thirty-nine thousand six hundred and fifty Qatari Riyals) to be added to the remaining amount of the fund allocated to treat the cases who are not able to afford the treatment fees, which was previously approved by the Ordinary General Meeting in the amount of one million Qatari Riyals.

 

As for the Extraordinary General Assembly meeting, and due to non- quorum of the meeting, it was postponed to the second meeting (alternative date) which will be held on next Monday, March 28, 2022 at 6:30 pm with the same mechanism (electronically).

 

Please find attached the announcement addressed to the company’s shareholders inviting them to receive their cash dividends containing the information related to the distribution process, to be kindly published on Qatar Stock Exchange’s website.

 

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