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Decisions of AGM held on 21st March 2017.
Mar 21, 2017 - 06:49PM Company : AL JAZEERA SERVICES

We wish to inform you that the following major decisions were approved by the Shareholders of the Company at the AGM held on Tuesday, 21st March 2017 at the Jabal Al Qamar Hall, Al Falaj Hotel, Ruwi.

  1. Approved the report of the Board of Directors for the financial year ended 31st December 2016.
  2. Approved the Corporate Governance Report for the financial year ended 31st December 2016.
  3. Approved the Auditor's Report, the  Balance Sheet and Profit & Loss account for the financial year ended 31st December 2016.
  4. Approved the recommendation of the Board of Directors to distribute a cash dividend of 15% of the  paid up capital (15 Baisa per share) to the Shareholders for the financial year 2016.
  5. Approved the sitting fees paid to the Board, Audit Committee and Nomination & Remuneration Committee Members amounting to RO 11,750 for the year 2016 and fixed the sitting fees for the year 2017.
  6. Approved the recommendation of the Board of Directors to pay an amount of RO 39,000 as Director’s remuneration for the financial year ended 31st December 2016.
  7. Approved the related party transactions for the financial year ended 31st December 2016.
  8. Approved the related party transaction to be carried out during the year 2017. To pay 3% marketing fee to Global Logistics Services Co. LLC on the contracting services revenue for the year 2017.
  9. Approved payment of RO 15,000 towards corporate social responsibilities for the year 2017.
  10. Approved Appointment of BDO Jawad Habib as Statutory Auditors for the financial year ending 31st December 2017 and fixed their remuneration.
  11. Approved the Board Evaluation criteria.
  12. Approved the appointment of Keynote Services LLC as an independent expert for appraising the performance of the Board of Directors for the financial year ending 2017 and fixed their remuneration.  

Thank you.