GWC holds its Ordinary and Extraordinary Assembly General Meeting

GWC holds its Ordinary and Extraordinary Assembly General Meeting

Doha – Qatar: GWC Q.P.S.C, the leading logistics provider in the State of Qatar, held its Ordinary and Extraordinary Assembly General Meeting at the GWC Regional Hub, on 19 February 2023 and approved the Group’s financial results for the year ending 31 December 2022.

The meeting was chaired by GWC Chairman Sheikh Abdullah Bin Fahad Bin Jassem Bin Jaber Al Thani, and was attended by representatives of the Ministry of Commerce and Industry, GWC’s external auditors Ernst & Young, the company’s shareholders, and media representatives.

The General Assembly ratified all the items on its agenda including the approval of cash dividends to shareholders of 10% of the nominal value of the company's shares, which is 0.10 Qatari Riyals per share.

The AGM also discussed and approved the Board of Directors’ report on the company’s activities and its financial position during the year, and the auditor’s report. The General Assembly also discussed the budget of the Group and approved it, as well as assigning the external auditor and setting their remuneration. The assembly also approved to release the board members from liability, and distribute rewards to each member based on the evaluation of the board committees. Furthermore, the AGM presented a comprehensive review of