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MANNAI CORPORATION EGM APPROVES AOA AMENDMENTS IN COMPLIANCE WITH QFMA CODE

Company: Mannai Corporation
Release Date: December 4, 2017

Mannai Corporation QPSC (Qatar Exchange: MCCS), held its  Extraordinary General Assembly Meeting on Sunday 3rd December, 2017 at 6.00 p.m. at Intercontinental Hotel, Al Wajba Ballroom.

The meeting chaired by HE Sheikh Suhaim Bin Abdulla Al Thani, Vice Chairman, in the presence of Ministry of Economy & Commerce officials, and External Auditors of the company, KPMG, approved Board proposals to update the Articles of Association of the company in line with the provisions of the Governance Code for Companies & Legal Entities Listed on the Main Market recently passed by Qatar Financial Markets Authority.

The Chairman’s statement before the Assembly stated “the Board of Directors has always appreciated the importance of the principles of Corporate Governance and recognized the importance of their application, even before issuance of the Code”, adding that  “accommodating these provisions from the Corporate Governance Code for Companies and Legal Entities Listed in the Main Market in our Articles of Association will contribute to the advancement of the Corporate Governance culture in the company and will further enhance our corporate governance practices.”

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