Mannai Corporation: The AGM Endorses items on it's agenda 

Mannai Corporation announces the results of the AGM. The meeting was held on 20/03/2023 and the following resolution were approved

1.       Approving the Board of Directors Report on the Corporation activities, future plan, and financial position for the year ended 31 December 2022.

2.       Approving External Auditor’s Report on the Financial Statements for the year ended 31 December 2022, Independent Limited Assurance Report and the ICOFR Report as recited before the Assembly.

3.       Approving the Corporation’s annual balance sheet and profit and loss account for the year ended 31 December 2022.

4.       Approving the Board of Directors’ proposal for a cash dividend payment of QR0.10 per share, being 10% of the nominal share value for FY ended 31st December, 2022, in addition to the interim dividends earlier distributed to the shareholder in September, bringing total dividends declared for the FY ended 31 December 2022 to QR 3.25 per share representing 325% of the nominal value of the share.

5.       Approving the Corporate Governance Report of the Corporation for the year 2022.

6.       Absolving the Chairman and members of the Board of Directors for the year ended 31 December 2022 and approving their remuneration of QR9,160,000 (Qatari Riyal nine million one hundred and sixty thousand)

7.       Appointing the External Auditor for the year 2023 and fixing their remuneration for QR1,204,500 (Qatari Riyal one million, two hundred and four thousand, five hundred).

8.       Authorizing Mr. Khalid Ahmed Al Mannai with all the powers to take the procedures necessary for execution of Assembly resolutions before all the official authorities and entities in Qatar.