The Qatari German Medical Devices (QGMD) recently held its virtual Ordinary General Assembly Meeting wherein the company’s future plans and financial report for the year ended December 31, 2020 have been approved. The company also announced the postponement of its Extraordinary Assembly Meeting until the reserved appointment due to lack of the quorum. The Ordinary General Assembly Meeting, which was chaired by QGMD Chairman Saleh Majed Al Khulaifi, considered the recommendation of the Board of Directors not to distribute dividends. The c o m p a n y ’ s c o r p o r a t e governance report for the year 2020 was also discussed and approved. During the event, Al Khulaifi expressed his gratitude to all who participated in the company’s development from board members, shareholders and employees. The Board members were also discharged for the financial year ended December 31, 2020 and no remuneration distribution was announced. The Meeting also saw the election of the new Board Members for the period of three calendar years (2021- 2024). The new Board Members who were elected through cumulative voting i n c l u d e d M o h a m m a d Abdulmoneim Al Sayed, Khalid Abdullah Al Hitmi, Ali Hassan Ibrahim Ali Al Emadi, Mohammad Ali Al Ansari, Mohammad Abdulrahman Fakhroo, Al-Watania International holding Company represented by Ihsan Walid Al Khiyami, and Abdullah Hassan Al Obaidly. The Reserved Board Member List also included Yousif Khalid Al Maslamani and Khamis Moubarak Al Kuwari. At the end of the meeting, Talal Abu-Ghazaleh & Co. International was appointed as external auditors for the financial year 2021 and renewed for the third year with total annual remuneration issued at QR75,000
