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    GULF INVEST SERVICES HOLDING

     Resolutions of Annual General Meeting held on 25th March 2018

    Mar 26, 2018 08:29 AM

    The shareholders of the Company resolved the following in the Annual General Meeting (AGM) held on Sunday the 25th of March 2018 at 3.00 PM at Haffa House Hotel, Ruwi, and resolved the following:

     

    1. Approved the Auditors Report and audited Balance Sheet and Profit and Loss Statement for the year ended 31 December 2017.

    2. Approved the Board of Directors Report for the year ended 31 December 2017.

    3. Approved of the External Consultant’s report on Board Appraisal for the year ended 31 December 2017.

    4. Approved the Corporate Governance report for the year ended 31 December 2017.

    5. Approved the sitting fees paid to the members of the Board and its sub-committees during the year ended 31 December 2017 and approved the sitting fees for the current year 2018.

    6. Approved the Related Party Transactions that took place during the financial year ended 31 December 2017.

    7. Mr. Azam Yasin Abdulaziz Alonaizy was elected to fill the vacant seat on the Board of Directors.

    8. Approved payment of donations to charitable organizations up to a maximum amount of RO 10,000 for the year ending 31 December 2018.

    9. Appointment of Ernst and Young as External Auditors for the financial year ending 31 December 2018 at total fees of RO 7,500.

    10. Appointment of Keynote Services LLC as External Consultant for Board Evaluation and Appraisal for the financial year ending 31 December 2018 at total fees of RO 2,000.

    11. Approved the performance criteria of Board of Directors

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