08.03.2016, 07:23
WOQOD General Assembly approves the agenda
OREANDA-NEWS. Qatar Fuel Company (woqod) announced the resolutions of Ordinary General Assembly Meeting held on 06.03.2016 the following resolutions were passed:
- Approval of the Board of Directors report on Qatar Fuel’s activities and its Financial Statements for the financial year ended 31.12.2015.
- Approval of External Auditors report on the company''''s accounts for the financial year ended 31.12.2015.
- Approval of the Company''''s balance sheet and the Profit & Loss Statement for the year ended 31.12.2015.
- Approval of the proposal of the Board of Directors to distribute 82% from Nominal Share Value as Cash dividend and distribution of free Eight shares for every 100 shares i.e (8 %) of share ownership.
- Discharge of the Board Members for their actions for the year ended 31.12.2015.
- Appointment of External Auditor (KPMG) for the financial year 2016 and determine their fees.
- Approval of Governance report of Qatar Fuel.
The Extraordinary General Assembly Meeting has been adjourned for lack of quorum. The next meeting will be held on 6th April 2016 at 6:00 PM at WOQOD Tower auditorium.
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