Gulf International Services: The AGM Endorses Items on It's Agenda

Gulf International Services announces the results of the AGM. The meeting was held on 10/03/2024 and the following resolution were approved We would like to inform you that the Ordinary General Assembly Meeting of the shareholders of Gulf International Services (GIS) was convened on Sunday, 10th March 2024, at Al-Rayyan Ballroom, Sheraton Hotel – Doha, and approved the following agenda items: The agenda of the Ordinary General Assembly Meeting is: 1. Listened to the Chairman's message for the financial year ended 31 December 2023. 2. Approved the Board of Directors' report on GIS’ operations and financial performance for the financial year ended 31 December 2023. 3. Approved the Auditor’s Report on GIS’ consolidated financial statements for the financial year ended 31 December 2023. 4. Approved GIS’ consolidated financial statements for the financial year ended 31 December 2023. 5. Approved 2023 Corporate Governance Report. 6. Approved the Board's recommendation for a dividend payment of QR 0.15 per share for 2023, representing 15% of the nominal share value. 7. Absolved the Board of Directors from liability for the year ended 31 December 2023 and fix their remuneration. 8. Appointment of PricewaterhouseCoopers as the external auditor for the financial year ending 31 December 2024 and approved their fees. 9. The following candidates have been appointed for 4 seats for a term of 3 years (2024-2027): · Mr. Ali Jaber Hamad Al-Marri, representative of the General Retirement & Social Insurance Authority (Corporate/ Non-Independent/ Non-Executive). · Sheikh Jassim bin Abdullah Al-Thani, representative of Qatar Investment Authority (Corporate/ Non-Independent/ Non-Executive). · Mr. Saad Rashid Al-Muhannadi, representative of Woqod Vehicles Inspection “FAHES” (Corporate/ Non-Independent/ Non-Executive). · Mr. Mohammed Nasser Al-Hajri, representative of Qatar Electricity & Water Company (Corporate/ Independent/ Non-Executive). The representatives of QatarEnergy “the Special Shareholder”, who will be appointed in accordance with Article (22) and Article (40) of GIS’s Articles of Association, will be disclosed as soon as the relevant decision is taken. The company wishes to inform that, in compliance with Decision No. 7 for 2023 issued by the Qatar Financial Authority (QFMA) regarding the distribution of dividends for listed companies, the company will transfer the approved 2023 dividend amount, as ratified for distribution among eligible shareholders. Shareholders are kindly requested to contact Edaa for any clarifications relating to dividend distribution for 2023. .