OREANDA-NEWS. Barwa Real Estate Company announces the results of the Ordinary General Assembly Meetings held on March 15th, 2016 and has approved the following resolutions:

1. review and approve the Board of Directors’ Report on the activities of the company and its financial position for the financial year ending 31/12/2015 as well as to discuss and approve the company’s future plans for the year 2016

2. review and approve the auditors’ report on the financial statements of the company for the year ending 31/12/2015

3. review and approve the Sharia’a Supervisory Board report for the year ending 31/12/2015 and appoint new Sharia”a Supervisory Board for the year 2016

4. discuss and approve the company’s balance sheet and profit/loss statement for the year ending 31/12/2015


5. approve the Board of Directors’ proposal of cash dividend of QR 2.20 per share, 22% of the share value, for the financial year ending 31/12/2015

6. absolve the Directors of any liability for the financial year ending 31/12/2015, and approve their remuneration for the year then ended

7. discuss and approve the company’s Governance Report for the year ending 31/12/2015

8. appoint the Auditors for the 2016 financial year, and agree their fees