Dlala Brokerage and Investment Holding held the Ordinary Annual General Meeting (AGM) on Sunday 18/03/2012 at Diplomatic club, and the Extraordinary General Meeting has been postponed to 25/03/2012.
The AGM discussed the meeting agenda and passed the following resolutions:
- Listened to the Board of Directors’ Report on the company’s activities and its financial position for the fiscal year ended December 31st, 2011 and the future plan of the company.
- Listened to the Auditor’s report on the Company’s Accounts for the fiscal year ended December 31st, 2011.
- Approved the balance sheet and the profit & loss account for the fiscal year ended December 31st, 2011.
- Approved Board’s Proposal for distributing cash dividends of 10% (one Riyal per share).
- Absolved the Chairman and Members of The Board of Directors from all responsibilities for the fiscal year ended on 31st December 2011, and fixed their remunerations.
- Discussed the Corporate Governance Disclosure Statement for 2011.
- Appointed Ernest & Young as external auditor for the fiscal year 2012 and approved auditor’s fees.
- Approved Board Recommendation to rent a branch for a subsidiary company from one of the board members.