11-11-2024
Al Faleh Educational Holding Q.P.S.C announces the results of the AGM. The meeting was held on 10/11/2024 and the following resolution were approved
Al Faleh Educational Holding Q.P.S.C announces the results of the Ordinary General Assembly. The meeting was held on 10/11/2024 and the following resolutions were approved:
1. The report of the Board of Directors on the Company’s activities, financial position for the year ended 31 August 2024 and the future plans for the year 2025.
2. The report of the External Auditor on the Company’s Financial Statements for the year ended 31 August 2024.
3. Approval of the Company’s financial position and statement for profit or loss statement for the Company for the year ended 31 August 2024.
4. Approval of the auditors’ report on the appropriateness and effectiveness of Internal Control systems implemented in the Company for the year ended 31 August 2024.
5. Approval on the Board of Directors’ recommendation to distribute cash dividends to the shareholders equivalent to 0.01875 for each share for the year ended 31 August 2024.
6. Approval to discharge the Board members from any liability for the year ended 31 August 2024, and approval of the remuneration of QAR 300,000, where QAR 100,000 will be distributed to each independent director for the year ended 31 August 2024.
7. Approval of the Corporate Governance Report for the financial year 2024.
8. Hearing of the Sharia Advisor report of the activity of the Company for the year ended 31 August 2024.
9. Appointing Russell Bedford as an External Auditor for the Company for the year ended 31 August 2025.
10. Election of Ms. Aisha Al Nasr and Mr. Rajesh Menon as two independent members of the Board of Directors from 5 December 2024 to 15 March 2026 (end of term of the first Board of Directors)