Palm Hills Developments To Hold Ordinary And Extraordinary Shareholders’ Meetings On February 26, 2017
Ordinary Shareholders Meeting:
- Ratify the Board of Directors’ report on the Company’s activities for the year ended December 31, 2016.
- Discuss the auditors’ report on the Company’s Balance Sheet and Financial Statements for the yearended December 31, 2016.
- Ratify the Balance Sheet and Financial Statements for the year ended December 31, 2016.
- Discharge the Board of Directors on the Company’s activities for the year ended December 31, 2016.
- Define and approve the compensation and remunerations of member of the Board of Directors for the year ending December 31, 2017.
- Delegate the Company’s Board of Directors, or whoever it may delegate, on donations for the year ending December 31, 2017.
- Renew the appointment the Company’s statutory auditors and determine their fees for the year ending December 31, 2017.
- Approve the signature of related party bilateral contracts between the Company and Royal Insurance Company regarding insurance certificates, where the latter is related to a PHD Board member, Mr. Hassan Darwish.
Extraordinary Shareholders Meeting:
- Delegation of the Company’s Chairman or any member of authorized signatories of group (A) with any person of group (B) in the signature of guarantee contract where the Company shall guarantee its subsidiaries and its affiliates.
