Vodafone Qatar P.Q.S.C.: The AGM and EGM Endorses items on it’s agenda
Vodafone Qatar P.Q.S.C. announces the results of the AGM and EGM. The meeting was held on 28/02/2022 and the following resolution were approved
Annual General Assembly:
1- Approved the Board of Directors’ report of the Company’s activities and its financial position for the financial year ended 31 December 2021;
2- Approved the External Auditor’s report on the Company’s Accounts for the financial year ended 31 December 2021;
3- Approved the Company’s Balance Sheet and the Profit and Loss Accounts for the financial year ended 31 December 2021;
4- Approved the proposal of the Board of Directors regarding the distribution of a cash dividend in the rate of 6% of the share nominal value (QR 0.06 per share) for the financial year ended 31 December 2021;
5- Discharged the members of the Board of Directors from any liability and approved their remuneration for the financial year ended 31 December 2021;
6- Approved the External Auditor’s reports in accordance with Article 24 of the Corporate Governance Code for Companies and Legal Entities listed on the Stock Exchange issued by the Qatar Financial Markets Authority Board Decision No.5 of 2016.
7- Approved the Company’s Corporate Governance Report for the financial year ended 31 December 2021;
8- Re-appointed KPMG as the External Auditor of the Company for the period from 1 January 2022 to 31 December 2022 and fix their fees.
9- Elected the 3 Independent Board Members to the Company’s Board of Directors and approved the formation of the new Board of Directors for a term of three years (2022 – 2024) as follows:
Elected Independent Board Members:
1. H.E. Mr. Abdulla Bin Nasser Al Misnad
2. H.E. Mr. Akbar Al Baker
3. H.E. Sheikh Hamad Bin Faisal Thani Jassim Al-Thani
Board Members appointed by Vodafone and Qatar Foundation LLC pursuant to Article 29.1 of Vodafone Qatar’s Articles of Association:
1. Mr. Rashid Fahad Al-Naimi
2. H.E. Sheikh Saoud Abdul Rahman Hassan Al-Thani
3. Mr. Nasser Jaralla Al Marri
4. Mr. Nasser Hassan Al-Naimi
Extraordinary General Assembly:
1- Approved (subject to obtaining all relevant regulatory approvals) the proposed changes to the Company’s Articles of Association (“AoA”) in accordance with the Law No. (8) of 2021 amending certain provisions of the Qatar Commercial Companies Law No. (11) of 2015.
2- Authorised the Chairman of the Board and/or the Vice Chairman to sign the amended AoA and to complete the required formalities in this regard, subject to obtaining all necessary regulatory approvals, provided that the Chairman of the Board and/or the Vice Chairman shall be entitled to delegate this right to any member of the Board and/ or the CEO of the Company and to allow authorised persons to assign this task to the Company’s employees as they deem appropriate.
