Vodafone Qatar Ordinary General Assembly Meeting okays 6% cash dividend for shareholders – The Peninsula Qatar

Vodafone Qatar Ordinary General Assembly Meeting okays 6% cash dividend for shareholders – The Peninsula Qatar

Doha: Vodafone Qatar yesterday held its Ordinary and Extraordinary General Assembly Meeting virtually which was presided over by the Company’s Chairman Abdulla bin Nasser Al Misnad.

During the meeting, Vodafone Qatar exceeded the required quorum of shareholders, which resulted in the approval of all resolutions on the agenda. This includes the approval of the Board of Directors’ proposal to distribute a cash dividend of 6 percent of the nominal share value, or QR0.06 per share.

Under the supervision of Ministry of Commerce and Industry (MoCI) representatives, the election of three Independent members to the Board of Directors took place, for a term of three years starting in 2022 and ending in 2024, with the following nominees elected by majority votes: Abdulla Nasser Al Misnad, Akbar Al Baker, and Sheikh Hamad bin Faisal Thani Jassim Al Thani.

The remaining four Board members were appointed previously by Vodafone and Qatar Foundation pursuant to Article 29.1 of Vodafone Qatar’s Articles of Association as follows: Rashid Fahad Al Naimi, Sheikh Saoud Abdul Rahman Hassan Al Thani, Nasser Jaralla Al Marri, and Nasser Hassan Al Naimi.

The meeting also covered the Board of Director’s report detailing the Company’s activities and its financial position for the financial year ended December