Qatar Industrial Manufacturing Company announces the results of the AGM and EGM was held on Sunday, March 11, 2018 and has approved the following resolutions: -

 Ordinary General Assembly:-

1.The Board of Director’s report on the Company’s activities and its financial position for the year ended 31st Dec. 2017 as well as future plans.

2.The Auditor’s report on the consolidated financial statements for the financial year ended 31st December 2017.

3.The Company’s Consolidated Balance Sheet and the Profit and Loss Statement for the financial year ended 31st December 2017.

4.Distribution of cash dividends (30%) of QRs 3 per share, to its shareholders for the year ended 31 Dec. 2017. 

5.Release of the Board of Directors from liability for the financial year ending 31st December 2017 and disbursement of their remuneration. 

6.Appointment of Rodl & Partners as external auditor for the financial year 2018. 

7.Corporate Governance Report for year 2017.

ExtraordinaryGeneral Assembly:-

1.Authorizing Chairman of the Board to amend the Articles of Association in accordance with the 2015 Commercial Companies Law No. 11 and the Corporate Governance Regulation No. 5  for the year 2016.

2.Authorize the Board of Directors to carry our acquisitions in the company’s activity in which the volume of investment of the company’s total assets does not exceed 2.5% upon the approval of the relevant regulatory authorities.