Shareholders approved the Board's recommendation to not distribute cash dividends for the fiscal year ended December 31, 2025, to preserve cash for upcoming strategic initiatives.
A new Board of Directors consisting of seven members was elected for a three-year term during the meeting, which reached a quorum of 63.33%.
The assembly approved Board of Directors remuneration totaling AED 1,097,910, representing 10% of net profits for the 2025 fiscal year after required deductions.
Grant Thornton was re-appointed as the company's independent auditor for 2026 with total fees set at AED 525,000 plus VAT.
Qatar Index10,021.90-1.4%
DFM Index5,510.99-0.1%
TASI11,078.89-0.1%
Emirates NBD27.60-3.2%
Dubai Electricity & Water Authority2.65+0.4%
EMAAR12.10-0.4%
EMAARDEV13.750.0%
ADNOC GAS3.240.0%
First Abu Dhabi Bank17.38-1.0%
Emirates Telecom18.78+0.6%
Abu Dhabi Commercial Bank12.64+0.8%
ALRAJHI104.10-0.2%
SNB41.70-1.9%
MAADEN63.70-1.2%
SABIC58.40-0.9%
Boubyan Bank0.68-0.6%
GULF BANK0.33+0.6%
Commercial Bank Of Kuwait0.47-3.3%
Burgan Bank0.210.0%
QNB16.68-1.3%
Industries Qatar10.66-1.8%
Qatar Islamic Bank22.32-1.2%
Ooredoo12.19-3.5%