OREANDA-NEWS. The Board of Directors is pleased to call for the Ordinary & Extra-Ordinary General Assembly meeting that will be held on Monday, April 20, 2015 at 4:30 pm in Ritz Carlton Hotel, Al Wosail 1 ballroom. In the event the quorum is incomplete, the next meeting will be held on Monday, April 27, 2015 at the same time and venue.

The Ordinary General Assembly shall discuss the following agenda:

Item 1: To review and approve the Board of Directors’ Report on the activities of the company and its financial position for the financial year ending December 31, 2014 as well as to discuss the company’s future plans.
Item 2: To review the Sharia’a Supervisory Board report.
Item 3: To review and approve the auditors’ report for the year ending December 31, 2014.
Item 5: To approve the Board of Directors’ proposal of cash dividend of 3% i.e. QR 0.3 per share, and bonus shares of 5% i.e. 5 shares for each 100 shares.
Item 6: To absolve the Directors of any liability for the financial year ending December 31, 2014, and approve their remunerations for the year.
Item 7: To discuss and approve the company’s Governance Report for the year ending December 31, 2014.
Item 8: To appoint the Auditors for the 2015 financial year, and agree their fees.

The Extra-Ordinary General Assembly shall discuss the following agenda:

Item 1: To approve the increase of the company’s capital by the amount of the bonus shares approved by Ordinary General Assembly resolution, equivalent to 5% amounting to 5 Million shares, so that the company’s capital shall become QR 1,050,000,000, distributed at 105 Million shares.
Item 2: To amend Article 7 of the company’s article of  association and Article 6 of the company’s memorandum of association to reflect the capital increase, and authorize the Board of Directors to take all necessary related actions.
Item 3: To authorize the board of directors to act with the shares fracture.