Barwa Real Estate Company: The AGM Endorses items on it's agenda 

Barwa Real Estate Company announces the results of the AGM. The meeting was held on 20/03/2023 and the following resolution were approved

Barwa Real Estate Company announced the results of the Ordinary General Assembly meeting, as it approved the following:

1.       To review and approve the Board of Directors’ Report on the activities of the company and its financial position for the financial year ending 31/12/2022 as well as to discuss and approve the company’s future plans for the year 2023.

2.       To review and approve the auditors’ report on the financial statements of the Company for the year ending 31/12/2022.

3.       To review and approve Sharia’a Supervisory Board report for the year ending 31/12/2022 and to appoint new Sharia’a Supervisory Board for the year 2023.

4.       To discuss and approve the company’s balance sheet and profit/loss statement for the year ending 31/12/2022.

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 31/12/2022.

6.       To absolve the Board of Directors’ members of any liability for the financial year ending 31/12/2022 and determine their remuneration for the year then ended.

7.       To discuss and approve the company’s Governance Report for the year ending 31/12/2022.

8.       To review and approve the auditors’ report on the Company’s compliance with the regulations of Qatar Financial Markets Authority related to corporate governance for the year ending 31/12/2022.

9.       To review and approve the auditors’ report on the Company’s compliance with the regulations of Qatar Financial Markets Authority related to the internal controls of preparing the financial statements for the year ending 31/12/2022.

10.    To appoint the Auditors for the 2023 financial year, and agree on their fees .

11.    To elect members of the Board of Directors for the period (2023-2025)