OREANDA-NEWS. Qatar Gas Transport Company (Nakilat) announces the results of the Ordinary General Assembly Meetings held on Monday, 14/3/2016, where the General Assembly has approved the following:

Resolution No. [01/2016]:
Hearing and Ratify the Report of the Board of Directors on the Company''''s Activities and Financial Position during the Fiscal Year Ended 31/12/2015 and Future Plans:

RESOLVED, that the General Assembly approves the Board of Directors report on the company''''s activities and its financial position during the year ended 31/12/2015 and future plans.

Resolution No. [02/2016]:
Hearing and Ratify the External Auditor’s Report on the Fiscal Year Ended 31/12/2015:

RESOLVED, that the General Assembly ratifies the External Auditor’s report on the fiscal year ended 31/12/2015.

Resolution No. [03/2016]:
Discuss and Ratify the Company’s Balance Sheet and Profit & Loss Account for the Fiscal Year Ended 31/12/2015:


RESOLVED, that General Assembly ratifies the Company’s Balance Sheet and Profit & Loss Account for the Fiscal Year Ended 31/12/2015.
Resolution No. [04/2016]:
Discuss and Adopt the Governance Report for the Year Ended 31/12/2015:

RESOLVED, that the General Assembly approves the Governance report for the year ended 31/12/2015.

Resolution No. [05/2016]:
consider the Board of Directors Suggestions Regarding Distribution of Cash Dividends for the Fiscal Year Ended 31/12/2015 and Approve it:

RESOLVED, that the General Assembly approves the distribution of cash dividend to the shareholders by (12.5%) of the capital, equivalent to one Qatari Riyal & Twenty Five Dirham (1.25) per share, for the fiscal year ended 31/12/2015.

Resolution No. [06/2016]:
Consider to Release & Discharge the Board Members From their Responsibilities and Approve their Remuneration for the Year 2015:

RESOLVED, that General Assembly approves to release & discharge the Board members from responsibilities, and approve their remuneration for the year 2015 to be as following:

- Chairman: 750,000 QAR
- Vice Chairman: 600,000 QAR
- Member: 500,000 QAR
Resolution No. [07/2016]:
Appointment of External Auditor for the Fiscal Year 2016 and Determine their Fees:

RESOLVED, that General Assembly approves the appointment of the External Auditor (KPMG) for Nakilat and its affiliates companies for the fiscal year 2016, for total fees of (1.200.000) one million two hundred thousand Qatari Riyals.
Resolution No. [8-2013]:
Elect Three Members To the Board of Directors:

RESOLVED, that the General Assembly approves that the following winners names to occupy three seats on Nakilat Board by acclamation :

1. Education & Health Fund, represented by Mr. Mubark Hamdan Al-Arabeed.
2. Civil Retirement Fund, represented by Mrs. Aisha Fahd Al Nuaimi.
3. Qatar Foundation for Education, Science and Community Development Fund, represented by. Sheikh Fiasal Bin Thani Al Thani.

All competent authorities, each within its own field of competence, shall enforce these resolutions, which shall be effective as of the date of its issuance.