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Aluminium Bahrain (ALBH)


Wednesday 14 February, 2018

Aluminium Bahrain

Notice of AGM

RNS Number : 8116E
Aluminium Bahrain B.S.C.
14 February 2018

Invitation to the Annual General Meeting


The Chairman of the Board of Aluminium Bahrain B.S.C. is pleased to invite Alba Shareholders to attend the Company's Annual General Meeting due to be held at 11 AM on Wednesday 07 March 2018, at Al Dana Hall, Alba, King Hamad Highway, Kingdom of Bahrain, to discuss the following agenda and take the necessary decisions about it:

The Agenda of the Annual General Meeting


Review and approve the Minutes of the Previous Ordinary General Meeting held on 21 March 2017.



Discuss and approve the Report of the Board of Directors for the Company's business/activities for the year ended 31 December 2017.



Listen to the External Auditors' Report for the Financial Statements for the year ended 31 December 2017.



Discuss and approve the Financial Statements for the year ended 31 December 2017.





The approval of the Board's recommendation to allocate the Net Profit for the year ended 31 December 2017 as follows:


a.    The distribution of cash dividends to shareholders at BD 0.026 per share or 26% of the paid-up capital, which is BD 36,806 Thousand for the year ended 31 December 2017. The dividends will be paid from March 21, 2018.


b.    Approve the recommendation of the Board of Directors' total remuneration of [BD 210,000] for the year ended 31 December 2017 and subject to the approval of the Ministry of Industry, Commerce and Tourism.


c.     Transfer of BD 25,216 Thousand to the Retained Earnings.  




Discuss the Corporate Governance Report for the year ended 31 December 2017 and the Company's commitment to the requirements of the Central Bank of Bahrain.



Absolve the Board of Directors from their actions/activities for the year ended 31 December 2017 Financial Statements.



Appointment or Re-appointment of the External Auditors for the fiscal year 2018 and authorise the Board of Directors to specify their remuneration.



Any concerns that may arise in accordance with article 207 of the Companies Commercial Law.



Daij Bin Salman Bin Daij Al Khalifa







Important notes to shareholders:


§  You can download the Financial Statements for the year ended 31 December 2017 and a copy of the proxy letter through the Company's website:


§  Any registered shareholder on the date of the meeting may attend in person or appoint another person in writing to act as his proxy and vote on his/her behalf. A proxy shall not be the Chairman, members of the Board or employees of the Company.


§  In case the shareholder is a company, the proxy attending the meeting must submit a written authorization letter from the shareholder, assigning him/her to be the proxy for that shareholder. The authorization must be written, issued by the authorized person in the company, stamped by the company's stamp, and submitted prior to the deadline of submitting proxies.


§  Proxies should be submitted 24 hours prior to the meeting to Karvy Computershare W.L.L., Kingdom of Bahrain (Office No. 74, 7th Floor, Zamil Tower, Manama, Kingdom of Bahrain). Proxy letters may be submitted by hand, mail, or fax (+973 17 212055), or e-mail ([email protected]), and subject to be received prior to the deadline. Please note that proxies submitted after the deadline are not valid for the purpose of the meeting.


§  For any further enquiries, please contact Investor Relations Department on: 17835100 / 17835124 / 17837894.



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