Zad Holding Co. : The AGM and EGM Endorses items on it's agenda 

Zad Holding Co. announces the results of the AGM and EGM. The meeting was held on 18/04/2022 and the following resolution were approved

Annual General Meeting (AGM):

First: The AGM approved the financial report of the company for the year ended 31 December 2021. 

Second: The AGM approved the BOD recommendation for a distribution of cash dividends of 65% (QR 0.65) per share and 5% bonus shares for 2021.

Third: The AGM approved the Management Report on the Corporate Governance practices during the year 2021.

Fourth: The AGM absolved the members of the Board of Directors from the responsibility for the financial year ended 31 December 2021 and approved their remunerations.    

Fifth: The AGM appointed KPMG as external auditor of the company for the year 2022.

Extraordinary General Meeting (EGM):

First: EGM approved the amendments in the company articles of association to increase the share capital by 5% in accordance with the AGM resolution to distribute 5% bonus shares.

Second: EGM approved the amendments of the Articles of Association in compliance with Law No. 8 for 2021 and QFMA’s Corporate Governance Code. 

Third: EGM authorized the Board of Directors to make the necessary changes on the Articles of Association according to its resolution.