The Ordinary General Assembly approved its agenda items and elected a new Board of Directors for the term (2024-2026)

Medicare Group announces that the postponed Ordinary General Assembly meeting of the company was held today Monday, April 1, 2024 at 10:00 pm at the company’s headquarters. The AGM has discussed the AGM agenda and the results of the meeting as follows:

1. The General Assembly endorsed the Board of Director’s Report on the Company’s activities and its financial position over the fiscal year ended on 31/12/2023 and Future business plan of the company.
2. The General Assembly endorsed the External Auditor’s report on the Company’s balance sheet and on the final accounts for the fiscal year ended on 31/12/2023.
3. The General Assembly endorsed the Company’s balance sheet, profit and loss statement for the fiscal year ended on 31/12/2023.
4. The General Assembly endorsed the Board of Directors’ recommendation to distribute cash dividends of 22 % of the nominal value of the share (i.e QR 0.22 per share).
5. The General Assembly discharged the members of board of Directors from liability for the financial year ended on 31/12/2023; and endorsed their remuneration.
6. The General Assembly endorsed the Company’s Governance Report for the Year 2023. It also heard and approved the external auditor’s report on the company’s compliance with the Qatar Financial Markets Authority’s law and relevant legislations, including the Governance Code for Companies and Legal Entities Listed on the Main Market.
7. The General Assembly appointed Ernst & Young as External Auditor for the financial year 2024 and approved their fees.
8. The General Assembly approved the recommendation of the Board of Directors to top-up the withdrawn amount of the charitable fund allocated for the medical treatment of cases that are unable to bear the costs of the treatment. The said fund was previously approved by the company’s Ordinary General Assembly in the amount of one million Qatari Riyals.
9. The General Assembly elected the members of the Board of Directors for a new three-year term (2024-2026) as follows:

First: The category of Non-independent members (six members):

The General Assembly elected by acclamation six Non-independent members:

1. Sheikh/Dr. Khalid Bin Thani Bin Abdulla Al-Thani, representative of Withaq Business Development.
2. Sheikh Abdulla Bin Thani Bin Abdulla Al-Thani, representative of Ithmar Construction & Trading Company.
3. Sheikh Mohammed Bin Thani Bin Abdulla Al-Thani, representative of Al-Ruba Al-Khali Trading & Services.
4. Sheikh Ali Bin Abdulla Bin Thani Al-Thani, representative of Al-Etkan Trading Company.
5. Sheikh Faisal Bin Jassim Bin Mohamed Al-Thani, representative of Dar Al-Arab for Business and Development.
6. Mubarak Abdulla M S Al-Sulaiti, representative of Abrar Al-Doha Investment.

Second: The category of Independent members (three members):

After conducting the voting process to elect the independent members, the General Assembly elected, by secret ballot and cumulative voting method, three independent members. The winning members are:

1. Jamal Abdulla Al-Jamal.
2. Yasser Ibrahim Zaki Ali Ramadan.
3. Khalid Abdulnoor Abdul-Jabbar Saifeldeen.

Furthermore, Ms. Hemayan Mohamed Al-Kawari was approved as a reserve member in the category of Independent members.