Gulf Warehousing Co. announces the results of the AGM. The meeting was held on 07/02/2024 and the following resolution were approved

Gulf Warehousing Company announced the resolutions of AGM Meeting held Wednesday 7 February 2024.  The following resolutions were passed:  

1.      Approval of the Board of Directors report on company activities, financial standing for the year 2023, and its future plans.

2.      The AGM approved company balance sheet and profit and loss account of the financial year ended 31.12.2023, the AGM approved the Auditors’ Report on the Company’s Financial Statements. 

3.      Approval of the distribution of (0.11) per share by 11%.from net profits realised for the year 2023 representing 0.37 Riyal per share to shareholders by way of dividends. 

4.      Approval of the release of the Board of Directors from liability vis-à-vis management actions, and their discharge from any liability or responsibility in relation to the fiscal year ended 31/12/2023 and approval of their remuneration.

5.      approval of the GWC Governance Report for the year 2023 including Related Party Transaction Policy. 

6.      Approval of the renewal of the assignment of the current external audit firm KPMG as external auditor for GWC Group accounts for the year 2024.

7.      Approval of the Board of Directors recommendation of the election / declaration of success by acclamation‎ of the following ‎members to GWC Board of Directors:‎

1.    Sheikh. Mohammed bin Hamad J.J Al- Thani. 

2.    Sheikh. Fahad bin Hamad J.J Al- Thani. 

3.    Sheikh. Abdulla bin Fahad J.J Al- Thani

4.    Mr. Ahmad Mubarak Al- Maadid  

5.    Ms. Henadi Anwar AL-Saleh 

6.    Mr. Sultan Yousef K. Alsuliti. 

7.    Mr. Mohammed Hassan AlEmadi 

8.    Mr. Mohammed Abdulmoneim AlSyed 

9.    Mr. Abdul Aziz Mohammed J Al Suliti 

 

Immediately after the general assembly the newly constituted, board members met and elected the following members with specific responsibilities:

1.  Sheikh. Mohammed bin Hamad J.J Al- Thani             Chairman 

2.  Sheikh. Fahad bin Hamad J.J Al- Thani                      Vice Chairman

 

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