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Vodafone Qatar’s Chairman Abdulla bin Nasser Al Misnad, with different BOD members through the Extraordinary Common Meeting Assembly yesterday.
Doha: Vodafone Qatar yesterday held its Extraordinary and Extraordinary Common Meeting Assembly just about which was presided over by the Firm’s Chairman Abdulla bin Nasser Al Misnad.
Throughout the assembly, Vodafone Qatar exceeded the required quorum of shareholders, which resulted within the approval of all resolutions on the agenda. This consists of the approval of the Board of Administrators’ proposal to distribute a money dividend of 6 p.c of the nominal share worth, or QR0.06 per share.
Beneath the supervision of Ministry of Commerce and Business (MoCI) representatives, the election of three Unbiased members to the Board of Administrators occurred, for a time period of three years beginning in 2022 and ending in 2024, with the next nominees elected by majority votes: Abdulla Nasser Al Misnad, Akbar Al Baker, and Sheikh Hamad bin Faisal Thani Jassim Al Thani.
The remaining 4 Board members had been appointed beforehand by Vodafone and Qatar Basis pursuant to Article 29.1 of Vodafone Qatar’s Articles of Affiliation as follows: Rashid Fahad Al Naimi, Sheikh Saoud Abdul Rahman Hassan Al Thani, Nasser Jaralla Al Marri, and Nasser Hassan Al Naimi.
The assembly additionally lined the Board of Director’s report detailing the Firm’s actions and its monetary place for the monetary yr ended December 31, 2021.
The Shareholders reviewed and endorsed the exterior auditor’s report on the Firm’s Accounts for a similar monetary interval yr, and the exterior auditor’s reviews on the Firm’s Company Governance and Inside Management over Monetary Reporting. It was additionally permitted unanimously that KPMG be re-appointed the Firm’s auditors for the monetary yr 2022, along with approving their charges.
The shareholders permitted the monetary statements of the Firm for the monetary yr ended December 31, 2021 and its Company Governance Report for 2021. Furthermore, there was unanimous settlement to discharge the members of the Board from all liabilities and approve their remuneration.
Addressing the shareholders, Al Misnad stated: “Vodafone Qatar began the yr with many investments to reinforce and develop its varied networks. These developments allowed us to higher assist all of our clients throughout Qatar, benefitting each shoppers and companies alike. With the notable progress we made within the companies and merchandise provided to each our shopper and company purchasers, we now discover ourselves in the proper place to discover new horizons for supporting the assorted social segments and company sector of the State of Qatar, by proactively accelerating and selling the method of digital transformation”.
He added: “In 2021, the Firm reported an annual web revenue of QR327m, a 76.9 p.c improve in comparison with the earlier yr primarily pushed by EBITDA development, regardless of the impression of COVID-19. Complete income for the yr elevated by 14.8 p.c year-on-year to achieve QR2.5bn on account of continued development within the Firm’s postpaid, mounted broadband companies, managed companies and tools and associated companies”.
The result of the Extraordinary Common Meeting Assembly, topic to acquiring all related regulatory approvals, was the approval of the proposed adjustments to the Firm’s Articles of Affiliation in accordance with the Regulation No. (8) of 2021 amending sure provisions of the Qatar Business Corporations Regulation No. (11) of 2015.
Lastly, the shareholders authorised the Chairman of the Board and/or the Vice-Chairman to signal the amended Articles of Affiliation and to finish the required formalities on this regard, supplied that the Chairman of the Board and/or the Vice-Chairman shall be entitled to delegate this proper to any member of the Board and/or the CEO of the Firm, and to permit authorised individuals to assign this activity to the Firm’s staff as they deem acceptable.
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