Meeting Date/Time

Wednesday, April 18, 2018 - 04:30 PM

Type of Meeting

General Assembly

Net Profit/Loss

1,001,600,000 AED

Cash Dividend

12

Bonus Share

New Issuance

Shares Split

Capital Deduction

Announcements/Resolutions

1.      To review and approve the Directors’ Report concerning the activities and financial status of the Company for the year ended 31st December 2017.

2.     To review and approve the Auditors’ Report for the year ended 31st December 2017.

3.     To consider and approve the Consolidated Financial Statements of the Company for the year ended 31st December 2017

4.      To consider the recommendation of the Board of Directors concerning cash dividend distribution of 12% (12 fils per share)aggregating to an amount of AED 510,242,350 for the year ended 31st December 2017.

5.      To consider and approve the Board of Directors’remuneration.

6.      To absolve the Board of Directors from liability for the year ended 31st December 2017.

7.     To absolve the Auditors from liability for the year ended 31st December 2017. 

8.   To grant approval in terms of Article 152(3) of the UAE Federal Law No. 2 of 2015 to allow the Chairman of the Board of Directors and the Directors to participate in businesses which might be in competition with the Company’s business.

9.      To appoint Auditors for the year 2018 and to determine their remuneration.

Last Entitlement Date

Wednesday, April 25, 2018

Ex-Dividend Date

Thursday, April 26, 2018

Registry Closing (Settlement) Date

Sunday, April 29, 2018

Dividends Payment Date

Thursday, May 10, 2018

Payment Entity

Dubai Financial Market

Meeting Venue

Dubai Investments House, Park Hall, Dubai Investments Park, Jebel Ali, Dubai