THE AGM AND EGM OF AL KHALEEJ TAKAFUL INSURANCE ENDORSES ITEMS ON ITS AGENDAAND APPROVES THE DISTRIBUTION OF 5% CASH DIVIDEND
Al Khaleej Takaful Insurance Company announces the results of the AGM and EGM was held on 17/04/2019 and has approved the following resolutions: -
Ordinary General Assembly: -
1 - Hearing Board of Director’s Report about the company’s activities and financial position and major transactions for the year ending 31.12.2018 and the future plan of the company. 2 - Hearing Auditors Report about company’s financial statements for the year ending 31.12.2018. 3 - Hearing the Sharia’s Authority Report on the activities for the financial year 2018. 4 - Discussing and approving the balance sheet of the company and accounts of profits & losses for the fiscal year ending 31.12.2018 and approving the BOD recommendation to distribute 5% cash dividends to shareholders. 5 - Discharging the BOD of the responsibility of fiscal year 2018 & determining their remuneration. 6 - Discussing the governance report of the company for the year 2018. 7 - Appointing the External Auditor for the year 2019 & determining their fees. 8 - Approve transaction with related parties.
Extraordinary General Assembly: -
First: Amending Article (3) of the Articles of Association concerning the company's purposes by adding the following paragraphs: A- Extended warranty services: The Company carries out extended warranty insurance for vehicles, equipment, electronic and electrical equipment. B- Selling insurance salvage : Sale of damaged cars, electrical and electronic equipment and all insurance salvage of any type . Second: Amending the Articles of Association in accordance with the decision of the Board of Directors of Qatar Financial Markets Authority issued on 16 December 2018 regarding the stock split of the shares .
Ordinary General Assembly: -
1 - Hearing Board of Director’s Report about the company’s activities and financial position and major transactions for the year ending 31.12.2018 and the future plan of the company. 2 - Hearing Auditors Report about company’s financial statements for the year ending 31.12.2018. 3 - Hearing the Sharia’s Authority Report on the activities for the financial year 2018. 4 - Discussing and approving the balance sheet of the company and accounts of profits & losses for the fiscal year ending 31.12.2018 and approving the BOD recommendation to distribute 5% cash dividends to shareholders. 5 - Discharging the BOD of the responsibility of fiscal year 2018 & determining their remuneration. 6 - Discussing the governance report of the company for the year 2018. 7 - Appointing the External Auditor for the year 2019 & determining their fees. 8 - Approve transaction with related parties.
Extraordinary General Assembly: -
First: Amending Article (3) of the Articles of Association concerning the company's purposes by adding the following paragraphs: A- Extended warranty services: The Company carries out extended warranty insurance for vehicles, equipment, electronic and electrical equipment. B- Selling insurance salvage : Sale of damaged cars, electrical and electronic equipment and all insurance salvage of any type . Second: Amending the Articles of Association in accordance with the decision of the Board of Directors of Qatar Financial Markets Authority issued on 16 December 2018 regarding the stock split of the shares .
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