Doha: Ezdan Holding Group held its annual shareholders meeting on Sunday, wherein shareholders ratified all the agenda items, which also included the Chairman of the Board’s opening keynote, followed by the Board of Directors’ report on the company’s activity and its financial position during the year ended December 31, 2019 and the review of the company business outlook for 2020.
The meeting also discussed the report of the external auditors on the company’s Financial Statements for the year ended December 31, 2019, and the financial position and statement for profit or loss statement of the group for the year ended December 31, 2019.
During the meeting, the BOD’s recommendation of no distribution of dividends and Group’s Corporate Governance Report for the year 2019 were endorsed. The ratified agenda entailed discussing the auditors’ report on the requirements of Article (24) of Law of Corporates’ Governance and Legal Entities Listed in the Main Stock Market, issued pursuant to Qatar Financial Markets Authority Resolution No. (5)/2016, discharging the liability of the members of the Board of Directors for the financial year ended December 31, 2019.
Moreover, certain policies that were developed pursuant to the requirements of the Corporate Governance were ratified, which included remuneration policy, related party transactions policy, dividends policy, and the policy of nominating and electing board members. The meeting also nodded appointing an external auditor for the group for the year 2020 and determining their annual fees.
