The General Assembly Meeting of DXB Entertainments PJSC was today, Tuesday 24^th March 2020,  held remotely at 4:00 pm at  the Riverland Office, Dubai Parks and Resorts, Jabil Ali, Dubai.

Shareholder participation was 71.7%.

The following resolutions were adopted at the meeting:

1.     Approved the Board of Directors’ report in respect of the activities and financial position of the Company for the fiscal year ended 31 December 2019

2.    Approved the Auditors’ report for the fiscal year ended 31 December 2019

3.    Approved the Company’s balance sheet and the profit and loss account for the financial year ended 31 December 2019

4.    Discharged the Board of Directors from any liability for the financial year ended 31 December 2019

5.    Approved a proposal concerning the framework for payment of fees to the members of the Board of Directors in respect of their committee membership and additional services to the Company and confirmed the amount thereof;

6.    Discharged the External Auditors from any liability for the fiscal year ended 31 December 2019

7.    Approved the appointment of Price WaterhouseCoopers (PWC) as the external auditors for the financial year 2020 and their fees amounting to AED 510,000

Special resolutions:

8.    Approved the continuity of the Company’s operations according to article (302) of the UAE Federal Law No (2) of 2015 concerning Commercial Companies (“Companies Law”) and the Company’s accumulated loss addressing plan.