7 May 2019 07:00
ARABIAN FOOD INDUSTRIES COMPANY DOMTY S.A.E
Cairo, May 6, 2019
Domty SAE announces that the Ordinary General Meeting of the Company convened on Thursday, May 2, 2019 and resolved the following resolutions:
1. Approved Board of Directors report for the fiscal year ending 31/12/2018 and approved the Corporate Governance report reviewed by the Company's auditor.
2. Approved the auditor's report of for the fiscal year ended 31 December 2018.
3. Approved the company's financial statements and the profit and loss accounts for the fiscal year ended 31/12/2018.
4. Approved the recommendation of the board on the distribution of profits for 2018 as follows:
DESCRIPTION | AMOUNT (EGP) |
Cash dividend to shareholders ( EGP 0.2 per share) | 56721739 |
Employees profit share | 13943523 |
Executive Board of directors profit share | 7480574 |
5. Approved discharging the Chairman and the Board members from their responsibilities for the fiscal year ended 31-12-2018.
6. Approved authorizing the Board of Directors to determine the attendance and transfer allowances for the non executive directors of the board for the fiscal year ending 31/12/2019, the total amount paid shall not exceed EGP 300 000 per person.
7. Approved the renewal of the appointment of Mr. Khaled Hamdi Samaha (Samaha & Co.) and Mr. Amr Mohamed Mustafa Al Shaabini( Ernst & Young)as auditors for the Company for the fiscal year ending 31/12/2019 and to authorize the Board of Directors to determine the audit fees up to the maximum of EGP 856000 for auditing the annual and periodic standalone financial statements and up to the maximum of EGP 235000 for auditing the annual and periodic consolidated financial statements
8. Approved authorizing the Board of Directors to grant donations during the fiscal year ending 31/12/2019 of at least EGP 1 Million and approved the donations granted during 2018.
9. Approved authorizing the Chairman to sign contracts on behalf of the company with related parties and approved those contracts signed during 2018.
10. Approved the sale of some unused production lines and granted the Chairman the authority to take the executive actions in a manner not contrary to the provisions of Article 44 of the Listing Rules of the Egyptian Stock Exchange.
-Ends-