03-03-2025
Baladna announces the results of the AGM. The meeting was held on 03/03/2025 and the following resolution were approved
1- The General Assembly approved the Board of Directors’ report on the Company’s activities and the financial position for the financial year ended 31 December 2024, and the Company’s business plan for the year 2025.
2- The General Assembly approved the external auditor’s report on the Company’s consolidated financial statements for the year ended 31 December 2024.
3- The General Assembly approved the Company’s audited consolidated financial statements, for the financial year ended 31 December 2024, including the consolidated statements of profit or loss and other comprehensive income, and the consolidated statements of financial position.
4- The General Assembly approved the Company’s Corporate Governance report and report on internal controls over financial reporting for the year ended 31 December 2024.
5- The General Assembly approved the proposal of the Board of Directors to distribute bonus shares at a rate of 1 share for each 19 share (equivalent to 0.053 shares for each share) for the year ended 31/12/2024. The eligibility for receiving the free shares shall be for the shareholders registered in the shareholders' registry with the depository (EDAA) at the end of the trading day on which the Ordinary General Assembly meeting is held.
6- The General Assembly approved discharge the Board of Directors from any liability relating to their directorship duties and responsibilities for the financial year ended 31 December 2024 and approved the Board’s recommendation to award bonuses to the board members for the financial period ended 31 December 2024.
7- The General Assembly approved the appointment of external auditors (Ernst & Young Qatar) as the Company’s external auditors for the financial year 2025 and approved their fees as per the Board’s recommendation.
ِAlso,
Baladna announced that due to non-legal quorum for the EGM on 03/03/2025, therefore, it has been decided to postpone the meeting to 09/03/2025& 09:00 PM& Zoom meeting.
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