Doha: The Qatari German for medical Devices Company (QGMD) yesterday announced the completion of it’s quorum for Ordinary General Assembly Meeting in its basic appointment yesterday that was held electronically at company headquarter and the postponement of Extra Ordinary assembly meeting till the reserved appointment on March 31, 2021 after due to lack of the quorum.
The Ordinary General Assembly Meeting approved the company’s balance sheet and profit and loss account for the year ending December, 31, 2020 and considered the recommendation of the Board of Directors not to distribute dividends. Meeting was chaired by Saleh Majed Al Khulaifi , Chairman, with the attendance of some members of the board of directors , some of the shareholders and in the presence Ministry of commerce & Industry and Talal Abu Ghazaleh international Co. representatives .
Besides, the auditors’ report for the financial year ended December 31, 2020 was approved. QGMD’s financial position for the financial year ended December 31, 2020 and its future plan was approved after being presented by the Chairman Saleh Majed Al Khulaifi, who offered his gratitude to all who participated in the company’s development from board members, shareholders and employees.
The corporate governance report for the year 2020 was discussed and approved. The Board members was discharged for the financial year ended December 31, 2020 and no remuneration distribution announced. Also, the Election of the Board Members For the vacant positions for the new membership for the period of three calendar years (2021 - 2024) took place.
