Kindly be informed that the Ordinary General Assembly Meeting for Mazaya Real Estate Development was held on Tuesday, March 19, 2024, at 9:30 pm Via Zoom cloud meetings. and discussed & approved the below agenda:
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.
Accordingly, all the Ordinary General Assembly meeting items mentioned above have been approved.
Kindly be informed that the Extra Ordinary General Assembly meeting for Mazaya Real Estate Development was not held on Tuesday, March 19, 2024, for the non-availability of the required quorum. We will inform you of the new date and time after discussion with the Ministry of Commerce & Industry.
