Baladna: The AGM Endorses items on it's agenda 

Baladna announces the results of the AGM. The meeting was held on 20/04/2022 and the following resolution were approved

1-  The General Assembly approved the Chairman’s report on the company’s activities and the financial position for the financial year ended 31 December 2021, and the company’s business plan for the year 2022.

2-  The General Assembly approved the External Auditor’s report on the company’s Financial Statements for the year ended 31 December 2021.

3- The General Assembly approved the company’s consolidated and audited financial statements, for the financial year ended 31 December 2021, including the profit & loss, and balance sheet statements.

4- The General Assembly approved the proposal of the Board of Directors to distribute dividends at a rate of 5.3% of the nominal value of the share for the year ended 31/12/2021

5- The General Assembly approved discharging members of the Board of Directors from any liability relating to their directorship duties and responsibilities for the financial year ended 31 December 2021 and approved the Board’s recommendation to award bonuses to the board members for the financial period ended 31 December 2021.

6- The General Assembly approved the appointment of Moore Stephens as the Company’s auditors for the financial year 2022 and approved their fees as per the Board’s recommendation.

7- The General Assembly approved the Company’s Corporate Governance Report and approved the Annual Report for the year ended 31 December 2021.