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Arbah Capital’s 11th Assembly General Meeting

Based on the invitation of Board of Directors addressed to the shareholders of the Company, the company held on Sunday 23/04/2018 the 11th assembly general meeting of the company at 6.30 pm, in the presence of the shareholders of the company, Chairman and members of Board of Directors and members of the executive management of the company.

The President Mr. Ebrahim Almajdouie welcomed the attendance and their continued support to the Board of Directors.

Assembly general meeting discussed several topics included in the agenda of the meeting, including the Board of Directors' report for the financial year ended 31/12/2017 and the report of the Shari'a Board. The shareholders were briefed on the company's current projects and discussed the company's future objectives and work towards achieving them. The shareholders voted in favor of:

  1. Report of the Board of Directors for the financial year 31/12/2017.
  2. Report of the Company's auditors regarding the Company's financial statements
  3. Voting on the audited financial statements of the company for the financial period ended 31/12/2017.
  4. Voting on the discharge of the members of the Board of Directors for the period ended 31/12/2017.
  5. Voting on the selection of external auditors to review the annual financial statements and accounts of the company for 2018.
  6. Voting for selecting the member of the Audit Committee, Mr. Waleed Abdullah bin Rashdan as recommended by the Board of Directors.

The attendees then have seen a presentation of Arbah products and the most important achievements during the previous period. After that, an open discussion was held between the shareholders and the CEO Mr. Mahmood Al-Kooheji to answer their questions and queries about the various activities and products of the Arbah Capital and future projects.

At the end the Chairman of the Assembly, Mr. Ebrahim Almajdouie, announced the end of the 11th Assembly General Meeting, wishing success to Arbah Capital and he thanked the shareholders for their continued support.