Ezdan Holding Group held yesterday its ordinary and extraordinary general assembly meetings chaired by Vice Chairman, Sheikh Abdullah bin Thani bin Abdullah Al Thani, at the company’s headquarters.
The meetings were held remotely via the Zoom application. After completing its legal quorum, the shareholders approved all the matters on the agenda, which included the keynote of the Chairman of the Board of Directors, and the discussion of the Board’s report on the Group’s activities and its financial position for the year ended December 31, 2020.
The shareholders also approved the annual general budget of the Group and the statement of profits and losses for the same year.
The Assembly approved the recommendation of the Board of Directors of no dividend payout, and also approved the Group Governance Report for the year 2020. The meeting also endorsed discharging the members of the Board of Directors from liability for the year ending December 31, 2020, and the Assembly agreed to appoint an auditor for the Group for the year 2021 and determine its fees.
On the other hand, extraordinary general assembly approved all matters on the agenda, which included the proposed amendments and additions to Articles of Association of Ezdan Holding Group, in compliance with the Governance Code for Companies and Legal Entities Listed on Main Market.
