Taaleem Holdings PJSC held its Annual General Assembly on Tuesday, October 31, 2023, at 4 pm, both physically at the Conference Hall on the 13th floor of the Dubai Chambers of Commerce and electronically. The assembly resolved the following:
- Approved the Board of Directors’ report on the Company’s activities and financial position for the fiscal year ending August 31, 2023.
- Approved the auditor’s report for the fiscal year ending August 31, 2023.
- Approved the balance sheet, profit and loss, and financial statements of the Company for the fiscal year ending August 31, 2023.
- Approved the distribution of a cash dividend of AED 110 million (AED 0.11 per share representing 11% of the Company’s paid-up share capital).
- Approved the Board of Directors’ remuneration proposal for the period from November 23, 2022, to the end of the fiscal year ended August 31, 2023, totaling AED 3.675 million.
- Discharged the members of the Board of Directors from any liability for the fiscal year ended August 31, 2023.
- Discharged the external auditors of the Company from any liability for the fiscal year ended August 31, 2023.
- Approved the appointment of Ernst & Young as the external auditors of the Company for the fiscal year ending on August 31, 2024, with fees set at AED 1.5 million.
- Approved the Company’s Board of Directors Remuneration Policy.
- Ratified the appointment of Dr. Ziad Azzam as a Board member, effective September 1, 2023.
