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GULFNAV – Resolutions of General Assembly

Gulf Navigation GULFNAV -0.65% 6.08 -0.04

Meeting Date/Time

Tuesday, April 24, 2018 - 03:00 PM

Type of Meeting

General Assembly

Net Profit/Loss

40,730,000.00 AED

Cash Dividend

Bonus Share

New Issuance

Shares Split

Capital Deduction

Announcements/Resolutions

Resolutions of General Assembly:

1)      Approve and ratify the report of the Board of Directors on the Company’s activities and its financial position for the year ended on 31 December 2017.

2)      Approve and ratify the External Auditors' report for the year ended on 31 December 2017.

3)      Approve and ratify the sharia report “Dar Al Sharia” for the year ended on 31 December 2017.

4)      Approve and ratify the balance sheet and profit & loss statements for the year ended on 31 December 2017.

5)      Approve discharging the Board of Directors of the liability for their action for the year ended 31 December 2017.

6)      Approve discharging the Company’s Auditors of the liability for their actions for the year ended 31 December 2017.

7)      Approve appointing EY as the auditors of the Company for the financial year ended 31 December 2018 and determining its remuneration.

8)      Approve appointing Mr. Abdul Nasser Al Manaai, Mr. Mian Mohamad Nazir and Mr. Fadel Rahim Abdul Rahim as a Sharia Advisors of the Company.

9)      Ratify appointment of Mr. Abdulrahman Mahmoud Abdulrahman Al Afeefi as a Board Director to fill the vacant position for the remaining term of the board.

10)   Ratify and approve the personal in respect of the board remuneration of the total value AED 600,000 for the year ended 31 December 2017.

11)   As per BoD proposal shareholders agreed not to issue senior and unsecured Sukuk with a total value up to USD 250 million by public offering, redeemable within five years at profit rate less than 10%.

Last Entitlement Date

Ex-Dividend Date

Registry Closing (Settlement) Date

Dividends Payment Date

Payment Entity

Meeting Venue

Novotel Hotel Sheikh Zayed road, Al Barsha 1, Dubai

 

Disclosing the Results of the General Assembly

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