Sheikh Mohammed Bin Hamad Bin Jassem Bin Jaber Al Thani Elected GWC Chairman
(MENAFN- The Peninsula) The Peninsula
Doha, Qatar: Gulf Warehousing Company (GWC) held its Annual General Meeting (AGM) yesterday. The meeting was Chaired by sheikh Abdullah bin Fahad bin Jassem bin Jaber Al Thani, and attended by representatives of the Ministry of Commerce and Industry, GWC's external auditors Ernst & Young, and the company's shareholders.
The General Assembly ratified all the items on its agenda including the approval of cash dividends to shareholders of 11% of the nominal value of the company's shares, which is QR0.11 per share.
The AGM also discussed and approved the Board of Directors' report on the company's activities and its financial position during the year, and the auditor's report. The General Assembly also discussed the budget of the Group and approved it, as well as assigning the external auditor and setting their remuneration. The assembly also approved to release the board members from liability, and distribute rewards to each member based on the evaluation of the board committees. Furthermore, the AGM presented a comprehensive review of the Group's compliance with the Corporate Governance Code.
The AGM also held the board membership elections for the three-year period from 2024 –2026, in accordance with Article 27 of the company's constitution. The company's new board of directors, as elected by the general assembly, now constitutes the following members: Sheikh Mohammed bin Hamad bin Jassim bin Jabor Al Thani - Chairman; Sheikh Fahad bin Hamad bin Jassim bin Jaber Al Thani – Vice Chairman; Sheikh Abdulla bin Fahad bin Jassim bin Jaber Al Thani - Member; Ahmed Mubarak Al Maadid – Member; Mohammed Hassan Rafi' Al Emadi – Member; Hanadi Anwar Al Saleh – Member; Sultan Yousif Khater Al Sulaiti – Member; Mohammed Abdulmonim Al Sayed – Member; and Abdulaziz Mohammed Jaber Al Sulaiti – Member.
The company achieved net profits of QR215m for the year ended 2023, and total revenues of QR1. The total operating profit reached QR323m with an asset base of QR5. The EPS for the year ending 2023 recorded was QR0.367.
MENAFN08022024000063011010ID1107825967
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.