Al Ansari Financial Services Prepares for Annual General Meeting and Dividend Distribution
Al Ansari Financial Services PJSC, a leading financial services group in the UAE, has announced its upcoming annual general meeting and a proposed cash dividend distribution.
Summary
The Board of Directors of Al Ansari Financial Services has announced its annual general meeting on March 19, 2024, with key items on the agenda including the approval of financial statements and a proposed cash dividend of AED 300,000,000.
Source
Summary
The Board of Directors of Al Ansari Financial Services has announced its annual general meeting to be held on March 19, 2024, at the Sheraton Mall of the Emirates Hotel in Dubai. The meeting's agenda includes reviewing and approving the Board of Directors' report, the auditor's report, and the company's financial statements for the fiscal year ending December 31, 2023. They will also consider a recommendation to distribute a cash dividend of AED 300,000,000, representing 400% of the company's paid-up share capital. Other items on the agenda include approving the Board of Directors' remuneration and discussing whether to discharge the board members and the company's external auditors, Deloitte & Touche, from any liability for the fiscal year ended December 31, 2023.
Summary
The document is a proxy form from a shareholder of Al Ansari Financial Services PJSC, authorizing a specific individual to represent them at the General Assembly Meeting on Tuesday, 19 March 2024 or any adjourned meeting thereof. The proxy is empowered to vote on the shareholder's behalf on all decisions of the General Assembly. The form includes spaces for the shareholder's and proxy's details, including mobile numbers, and is to be approved/attested by a third party.
Summary
Al Ansari Financial Services PJSC has released a disclosure regarding the appointment of proxies to attend the general assembly meeting. According to the SCA Corporate Governance Guide, shareholders may delegate someone other than board members, company staff, or securities brokerage company employees to attend on their behalf. The proxy must state that the representative can attend the meeting and vote on decisions. A delegated person for multiple shareholders cannot have more than 5% of the company's issued capital. Shareholders' signatures on the proxy must be approved by a notary public, a chamber of economic department in the UAE, a licensed bank or company in the UAE, the licensed financial market in the UAE, or any other entity licensed to perform attestation works. The form of proxy provided is a guiding form and the shareholder's signature must be approved by one of the mentioned authorities.
