1 Apr 2021 09:01
ARABIAN FOOD INDUSTRIES COMPANY DOMTY S.A.E
Cairo, April 1, 2021
Domty SAE announces that the Ordinary General Meeting of the Company convened on Wednesday, March 31, 2021 and resolved the following resolutions:
1. Approved the Board of Directors report for the fiscal year ended 31/12/2020.
2. Approved the auditor's report of for the fiscal year ended 31 December 2020.
3. Approved the company's financial statements and the profit and loss accounts for the fiscal year ended 31/12/2020.
4. Approved the corporate governance report for the fiscal year ended 31/12/2020
5. Approved the recommendation of the board on the distribution of profits for 2020.
6. Discharged the Chairman and the Board members from their responsibilities for the fiscal year ended 31-12-2020.
7. Approved authorizing the Board of Directors to determine the attendance and transfer allowances for the non-executive ( independent)directors of the board for the fiscal year ending 31/12/2021, the total amount paid shall not exceed EGP 300 000 per person.
8. Approved the appointment of the auditors and the determination of their remuneration for the fiscal year ending 31 December 2021.
9. Approved authorizing the Board of Directors of the company to donate during the fiscal year ending on 31/12/2021 of at least EGP 1 million.
10. Approved authorizing the Chairman to sign contracts on behalf of the company with related parties and approve those contracts already signed during 2020.
11- Approving the amendments made to the Board of Directors and renewing its term for 3 years.
Domty SAE announces that the Extra Ordinary General Meeting of the Company convened on Wednesday, March 31, 2021 and resolved the following resolutions:
1. Approved the amendment of article (6) of the articles of association and the reduction of the authorized capital to become EGP 282 608 695 instead of EGP 500 000 000
2. Approved authorizing the Chairman to sign the amended company contract (the articles of association)
Ends