Mubasher: DFM Company said its shareholders approved on Monday, 13 March, the balance sheet and income statement for fiscal year 2016, according to a statement.

The shareholders elected the new board member for a three-year period.

During their annual meeting, the shareholders approved a special resolution enabling the company to execute deals with related parties of no more than 30% of the paid-up capital.

“The zakat of shares for the year 2016 has been calculated according to the Net Assets Method at AED 7.16 per 1,000 shares,” according to a statement.

The board urged shareholders to distribute this zakat as per their shareholdings.