OREANDA-NEWS. The Board of Directors of Qatar National Cement Company is pleased to invite the distinguished shareholders to attend the Company’s Annual Ordinary Meeting of General Assembly, which will be held on Monday, 15thFebruary 2016, at 6:00 PM, and the Extra Ordinary meeting after completion of the ordinary meeting at Sheraton Hotel Al-Rayyan Conference Hall. Inevent a quorum is not achieved, the Second Meeting will be held on Sunday, 28th Feb 2016, at the same time and place. 

The meeting’s agenda are as follows:- 

Ordinary General Assembly Agenda: 

1- Hearing the Board of Directors'''''''''''''''' Report on the Company’s activities, financial position for financial year ending 31st December 2015, and its future plan for the year 2016.

2- Hearing and approving the External Auditor''''''''''''''''s Report on the Company’s Financial Statements for year ending 31st December 2015.

3- Discussing and approving the Company’s financial statements for financial year ending 31st December 2015.

4- Approving the proposal of the Board of Directors to distribute to the shareholders cash dividends of 40 % of the share capital, representingQR. 4 per share.

5- Discharge the members of the Board of Directors from responsibility for financial year ending 31st December 2015.

6- Discussing the corporate governance report for the year 2015.

7- Appointing an External Auditor for financial year 2016 and fixing the Auditor’s Fees. 

Extra Ordinary General Assembly Agenda: 

1- Approving the proposed revision of article 5 of the articles of association as per the Companies Act No (11) 2015. 

2- Approving distribution of 10% of share capital as bonus shares to the shareholders for the year 2015 by allowing one free share for every 10 shares held.

3- Approving the amendment of article 6 of the company’s articles of association to read as follows: 

The share capital is fixed as Qr. 594,117,220/- (Qatari Riyals; five hundred forty millions one hundred six thousands five hundred sixty, divided into 59,411,722 shares (fifty four million ten thousand six hundred fifty six shares), the nominal value of each share is Qr. 10/- (Ten Qatari Riyals).