Abu Dhabi Islamic Bank – Egypt will hold ordinary and extraordinary general meetings today, April 17, 2014, 3:00 p.m. at Samiramis Intercontinental Hotel.
The ordinary general meeting will look into endorsing the auditors’ report on balance sheet and final accounts for the fiscal year that ended on December 31, 2013. It will also review the report of Sharia Board, in addition to the board’s report for the same FY.
Board members will be discharged from liability for FY13.
Meanwhile, the extraordinary general meeting (EGM) will discuss the lender’s going concern, as loss exceeded half of capital as shown in FY13 balance sheet.