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AGM Passes All Resolutions

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.
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