Mannai Corporation announces the results of the Ordinary General Assembly Meetings was held on Wednesday, 21st March, 2018, at Al-Silia Ballroom, Grand Hyatt Hotel. The meeting resolved the following: 

OGA Resolutions: 

1. Approving the Board of Directors’ Report on the Corporation activities and financial position for the year ended December 31, 2017.

2. Approving External Auditor’s Report on the Financial Statements for the year ended December 31, 2017.

3. Approving the Corporation’s balance sheet and profit and loss account for the year ended December 31, 2017.

4. Approving the Board of Directors’ proposal for a cash dividend payment of QR4 per share, being 40% of the nominal share value.

5. Absolving the Chairman and members of Board for the year ended December 31, 2017 and approving their remuneration of 4.7% of the net profit of the Corporation.

6. Approving the Corporate Governance Report of the Corporation for the year 2017.

7. Appointing Ms. KPMG as External Auditors of the Corporation for the year 2018 .

8. Authorizing Mr. Alekh Grewal, Group CEO and Director to take the procedures necessary for execution of Assembly resolutions.