AGA 2017 Results
To hear and approve the Board of Directors' report on the bank’s activities and financial statements for the year ended 31/12/2016.
To hear and approve the External Auditors’ report for the year ended 31/12/2016.
To discuss and approve the audited Balance Sheet and the Profit and Loss Account for the year ended 31/12/2016.
To consider and approve the Board of Director’s proposal to distribute cash dividends to shareholders for the year 2016 in a sum equal to 40% of the Bank’s capital.
To absolve the Board members from liability for their work during the year ended 31/12/2016.
To absolve the External Auditors from liability for their work during the year ended 31/12/2016.
To determine the Board members’ remuneration for 2016.
To appoint external auditors for the year 2017 and to determine their fees for the same year.
Appointment of (three) members of the Board of Directors nominated by Abu Dhabi Investment Council.
To approve the amendment of the Bank’s articles of association following the cancellation of 397,366,172 shares acquired by the Bank during its buyback period, under which the last buy transaction was executed on 6 January 2015. Following the cancellation, the issued capital stated in the articles of association shall be 5,198,231,209 shares.
To approve the Bank’s scheme designed to encourage staff to hold shares in the Bank, subject to SCA approval.
To authorize the Bank’s Board of Directors to approve the grant of options to subscribe for up to 7,000,000 new shares to eligible employees under the scheme referred to in Resolution 11, and, on satisfaction of the vesting conditions, exercise of the options and publication of the Bank’s articles of association approved at its 2016 annual general assembly, to issue such shares, provided (a) there shall be no requirement for these new shares to be offered first to other shareholders (as permitted pursuant to article 226 of the Commercial Companies Law and article 7 (7) of the Bank’s articles of association approved at its 2016 annual general assembly), (b) such authorization shall expire on 7th March 2018 and (c) the price for such issuance shall be determined in accordance with the rules of the scheme referred to in Resolution 11, subject to SCA approval.