24 April 2012
Dubai – 24 April 2012: SHUAA Capital psc held its Annual General Meeting on Tuesday, 24 April 2012 at Emirates Towers Hotel. The AGM was quorate with 70.46% of shareholders represented. Shareholders approved the following:
- The Board of Directors Report and report of the Auditors for the financial year ending 31 December 2011;
- The Company’s balance sheet and income statement for the financial year ending 31 December 2011 including the set off of accumulated losses from the statutory reserves;
- Ratification of the appointment of Mr Michael Philipp as a board member of the Company;
- Re-election of the Board of Directors for a further three years term ending 2015;
- Appointment of Auditors for the financial year ending 31 December 2012 and approval of their remuneration;
- Absolving the Board of Directors and Auditors from any liability for the year ended 31 December 2011.