23 Apr 2018 07:00
Cairo, April 22, 2018
Domty SAE announces that the Ordinary General Meeting of the Company convened on Thursday, April 19, 2018 and resolved the following resolutions:
1. Approved the Board of Directors report for the fiscal year ended 31/12/2017
2. Approved the auditor's report of for the fiscal year ended 31 December 2017.
3 - Approved the company's financial statements and the profit and loss accounts for the fiscal year ended 31/12/2017
4- Approved the recommendation of the board of directors on the transfer of profits for next year with the exception of employees' portion.
5. Approved discharging the Chairman and the members of the Board from their responsibilities for the fiscal year ended on 31/12/2017 and re electing the Board for another 3 years.
6 . Approved authorizing the Board of Directors' to determine attendance and transfer allowances for the non-executive directors of the board. The total amount paid per annum shall not exceed EGP 250,000 per member for the fiscal year ending 31/12/2018.
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 31/12/2018 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 31/12/2018 of at least EGP 1 Million and approved the donations granted during 2017
9. Approved authorizing the Chairman to sign contracts on behalf of the company with related parties and approved those contracts signed during 2017.
-Ends-