United Development Co. announces the results of the AGM. The meeting was held on 03/03/2021 and the following resolution were approved

  

1-The Board of Directors’ report on the company’s performance, future plans and its financial position for the fiscal year ending December 31, 2020.
2-The Auditor’s report for the financial year ending 31/12/2020
3-The  company's balance sheet, and the loss and profit accounts, for the fiscal year ending December 31, 2020.
4- The Board of Directors’ recommendation regarding the distribution of QR 177 million as dividends, equivalent to 5 % of the initial value of 5 Derhams for each share.
5- Discharge members of the Board of Directors from liability for the year ending December 31, 2020 and approve their remuneration.
6- The Corporate Governance Report for the year 2020.
7- Appointment of KPMG as External Auditors for the fiscal year 2021 for a fee of QR925,000
 

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