The Board of Directors of Mazaya Real Estate Development is pleased to invite the shareholders to attend the Ordinary & Extra ordinary general assembly meeting that will be held on Tuesday, March 12, 2024, at 09:30 pm Via Zoom cloud meetings. In the event the quorum is incomplete, the next meeting will be held on Tuesday, March 19, 2024, at the same time and venue. to discuss the following agenda:
Ordinary General Assembly Meeting’s Agenda Items:
Item 1: Hearing the Board of Director Report for the financial year ending December 31, 2023, as well as the company’s future plans.
Item 2: Hearing the Sharia’a Supervisory Board report.
Item 3: Hearing & Approving the auditors’ report for the year ending December 31, 2023.
Item 4: Discussing & Approving the company’s balance sheet and profit & loss statement for the year ending December 31, 2023.
Item 5: Approving the Board of Directors’ recommendation of a cash dividend of 2.5% of the capital, i.e. Dirham 2.5 per share for the year ended 31 December 2023.
Item 6: Absolving the members of the Board of Directors of any liability for the financial year ending December 31, 2023.And determine their remuneration.
Item 7: Approving the company’s Governance Report for the year ending December 31, 2023.
Item 8: Appointing the Auditors for the 2024 financial year and determine their fees.
Extra Ordinary General Assembly Meeting’s Agenda Items:
Item 1: Amending the relevant articles of the Company’s current Articles of Association regarding increasing the percentage of foreign ownership to become 100% of the capital, equivalent to one billion shares.
Item 2: Amending the Articles of Association by adding a clause that allows the Board of Directors to distribute interim.
Item 3: Delegating the Chairman to sign and amend the articles of association and complete the procedures for obtaining the required approvals and document them with the competent authorities.
To participate in the meeting, the shareholders can send an e-mail message and attach a copy of the supporting documents, the individuals’ mobile phone number and a copy of delegation of authority and the supporting documents for representatives of individuals and legal entities, to the email address: [email protected]
