Qatar Cinema & Film Distribution Co. announces the results of the AGM and EGM. The meeting was held on 01/03/2021 and the following resolution were approved

The Ordinary Annual General Meeting

1.      Approval of the statement of Board of Directors on the company’s activities and its financial position for the year ended 31 December 2020 and the company’s future business plans.

2.      Approval of the Auditor’s Report for the audited financials and final account for the year ended 31 December 2020 and approving it .

3.      Approval of the company’s financial statement and income and loss statements of the financial year ended 31/12/2020.

4.      Approval of  the recommendation of the Board of Directors for distribution of cash dividends for the year 2020 at the rate of 10% of the nominal value of share capital, representing QR. 0.10 per share. 

5.      Approval of the Company Governance Report for the year 2020.

6.      Discharging the Chairman and members of the Board of Directors from any liability for the financial year ended 31 December 2020 and approved their remuneration.

7.      Reassignment  of  M/s Talal Abu-Ghazaleh & Co. International as External Auditor for the year 2021

 

Extraordinary General Assembly
(1)  The Extraordinary General Assembly approved the amendment in Article (4) of the Company's Articles of Association, by extending the term of the company for another (50) years, starting from the date 15/ February / 2020.

(2) The Extraordinary General Assembly approved the amendment in Article (27) of the company's articles of association, by increasing the number of the current board of directors, so that the number of board members becomes (9) members instead of (7) members.

(3) The Extraordinary General Assembly approved the amendment in  paragraph (3) of Article (28) of the articles of association of the company, so that the minimum ownership of the company's shares and the acquisition of the board of directors’ membership is (250,000) shares instead of (25,000) shares.