The Board of Directors of Al Mal Capital PSC (“the Company”) are pleased to invite all shareholders to attend the Annual General Meeting of the Company to be held at Al Mal Capital PSC head office in office 901, 48 Burj Gate, Downtown Dubai Sheikh Zayed Road, as well as via electronic attendance, at 1:30 PM on Monday the 29th of April 2024, to review and discuss the following agenda items:
1. Select meeting rapporteur and voting teller.
2. Discuss and approve the Board of Director’s Report on the Company’s activities and its consolidated financial position for the financial year ended 31 December 2023.
3. Discuss and approve the Independent Auditor’s Report for the financial year ended 31 December 2023.
4. Discuss and approve the Company’s consolidated statement of financial position and consolidated statement of income for the fiscal year ended 31 December 2023.
5. To discharge the Board of Directors liability for the financial year ended 31 December 2023.
6. To discharge the Auditors liability for the financial year ended 31 December 2023.
7. The appointment of independent auditors for the financial year 2024 and determine their remuneration.
8. To consider the approval of the remuneration of the Board of Directors in the form of a lump sum amounting to AED 200,000 per Director as stipulated under article 35-2 of the Company’s Articles of Association.
9. Grant approval to the Board of Directors as per article 152 of Federal Decree Law No. 32 of 2021 – Prohibited Dispositions by the Related Parties.
10. It was announced that the nomination for the election of the Board of Directors of the Company was opened on the 4th of April 2024.
11. Based on the opening of the nomination, members of the Board of Directors will be elected for a term of three years starting from the 29th of April 2024.
12. To consider the approval of carrying out amendments to Article 27 and Article 28 of the Company’s Articles of Association relating to the Resolutions by Circulation.
In the event that a quorum is not present, the second round for the Annual General Assembly meeting will be held on Monday the 6th of May 2024 at the same place and time.
A shareholder who cannot attend the meeting may appoint in writing, as his proxy, any person (other than a member of the Board of Directors) to attend the meeting and to vote on their behalf. This person should not enjoy, as a result of this proxy, more than 5% of the share capital.