According to the statement, the general assembly also refused to renew the approval issued by the general assembly on April 18, 2019 to buy the company's shares at a rate not exceeding 10% of the paid-up capital with the intention of returning Selling them, and authorizing the Board of Directors to take all measures in this regard.
While the general assembly decided to elect the following members of their names on the board of directors for the next session, Khalifa Al Hammadi, bin Gh. Fathi, Dahi Al-Mansouri, Clar George, Muhammad Al-Fardan, Darwish Al-Ketbi, and Abdul-Wahab Al-Halabi.
The general assembly also agreed to permit members of the board of directors to participate in any action that would compete with the company and to trade for their account or for the account of others in one of the branches of activity that the company is engaged in. < / p>
It also agreed to appoint Mazars to audit the budget for 2020 and fix its fees in the amount of 636 thousand dirhams.
The General Assembly approved the report of the Board of Directors on the company's activity and its financial position for the year 2019, and the budget and account for profits and losses for the past year, and also absolved the members of the Board of Directors from The same year.
