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QATARI GERMAN FOR MEDICAL DEVICES HOLDS ITS AGM AND POSTPONES EGM TO 17/6/2020 FOR LACK OF QUORUM

QG Medical Devices QGMD 1.15% 1.31 0.01

The Qatari German for medical Devices Company announces the competion of it’s quorum  for Ordinary General Assembely Meeting in it’s reserved appointment on 17/05/2020 that held electronically via modern virtual tools and the postponment of Extra Ordinary assembly meeting after one month for not meeting the quorum 

The Ordinary General Assembly Meeting approved the company's balance sheet and profit and loss account for the year ending 31/12/2019 and Considered the recommendation of the Board of Directors not to distribute dividends.; Chaired by Mr.Talal Subah Al- Abdullah , vice Chairman, with the attendance of some members of the board of directors , some of the shareholders and In the presence Ministry of commerce & Insustry and Talal Abu Ghazaleh international Co. representatives .
Besides , The auditors' report for the financial year ended 31/12/2019 was approved .
QGMD’s  financial position for the financial year ended 31/12/2019 and its Future Plan was approved after being presented by the vice Chairman Mr. Talal Subah Al- Abdullah, Who offered his gratitude to all who participated in the company’s development from board members, Shareholders and employees .
The corporate governance report for the year 2019 was discussed and approved .

the Board members was discharged for the financial year ended 31/12/2019 and no remuneration announced.

Also the Election of the of Board Members For the vacant positions in the current membership for the remaining period until 2021 took place. The following names were elected through Cumulative voting as follows:

1.    Mr. Ali Hassan Al- Emadi - Representing himself (independent shareholder member) winning member with the number of shares (60,000) shares on the Board of Directors.
2.    Mrs. Noora Abdullah Al- Mulla – Representing herself (Independent member not owning shares) as reserved independent Member in the event of a vacancy in the Board of Directors.

At the end of the meeting Talal Abu Ghazaleh international Co. external auditors for the financial year 2020 was appointed and renewed for the second year.

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