Barwa Real Estate AGM approves distribution of cash dividends – The Peninsula

Barwa Real Estate AGM approves distribution of cash dividends – The Peninsula

Doha: Barwa Real Estate Company Q.P.S.C. (BREC) held its Ordinary General Assembly Meeting (AGM) yesterday, after attaining the required quorum with an attendance percentage of (59.44 percent). The Extraordinary General Assembly Meeting was postponed to March 14 due to the lack of a quorum set for it.

The meeting, which was held at the company’s headquarters, amid the application of all precautionary measures issued by the state to limit the spread of the COVID-19 pandemic, was attended by BREC’s Chairman, Directors, Barwa Real Estate CEO, and the auditor, as well as representatives of the Ministry of Commerce and Industry - Companies Control Section.

During the General Assembly, the Board of Directors’ report on the company’s activity and financial position was approved for the fiscal year ending on (31/12/2021), in addition to the company’s future plan for the year 2022. As well, it approved the company’s balance sheet and profit/loss statement for the fiscal year ending on (31/12/2021), the Auditor’s Report, the Corporate Governance Report, and the Sharia Supervisory Board Report for the fiscal year ending on (31/12/2021). Moreover, it has also approved the appointment of a new Shariah Supervisory Board for the year 2022.

The Ordinary General Assembly also approved the proposal of