The Board of Directors of Bank Al-Sharq S.A.S. is pleased to invite its shareholders to attend the General Assembly meeting, scheduled on Thursday, May 9th, 2019 at 11 A.M. at the Dama Rose Hotel in Damascus to discuss and resolve the items detailed hereunder:
1) Consider the report of the Board of Directors on the Bank’ activities for the fiscal year ending December 31st, 2018 and its projected plan for 2019.
2) Consider the External Auditor’s report on the Bank’s activities and financial statements for the fiscal year ending December 31st, 2018.
3) Discuss and approve the reports of the Board of Directors and the External Auditors as well as the Bank’s financial statements for the fiscal year ending 31 December 2018.
4) Approve the constitution of Bank reserves as per applicable rules and regulations.
5) Consider and approve the proposal of the Board of Directors regarding realized profits in 2018.
6) Discharge the members of Board and the Bank representatives from their liabilities for the fiscal year ending December 31st, 2018.
7) Approve the Board of Directors benefits for the fiscal year ending December 31st, 2018 and discuss the Board of Directors’ proposed benefits for the fiscal year ending December 31st, 2019.
8) Consider and approve the Board of Directors’ bonus payments for the fiscal year ending December 31st, 2018.
9) Appoint the Bank’s External Auditors for the fiscal year ending December 31st, 2019 and determine their remuneration.
10) Authorize members of the Board to undertake similar activities and to engage in contractual agreements with the Bank in line with article 152 of decree no. 29 / 2011.
Pre-Registration to the General Assembly meeting is possible at Bank Al-Sharq headquarters between 9:00 AM and 4:00 PM excluding Fridays and Saturdays between Wednesday April 24, 2019 and Wednesday May 8, 2019. Registration to the meeting is also possible one hour prior to the GA meeting on Thursday May 9, 2019 at the Dama Rose hotel between 10:00 AM and 11:00 AM.
If the regulatory quorum to the General Assembly meeting is not met by 11:00 AM on Thursday, May 9, 2019 at the Dama Rose Hotel in Damascus, the registration process to the General Assembly meeting shall be extended as per the provisions mentioned above to 12:00 o’clock noon of the same day. After which the General Assembly meeting shall legally convene at 12:00 o’clock noon on May 9, 2019 at the same location, irrespective of the number of shares that are being represented, in compliance with the Bank Bylaws and the provisions of the Legislative Decree No. 29 of 2011.
The Bank’s Annual report, the External Auditor’s report and the financial statements for the fiscal year ending December 31st, 2018 have been made available on the Bank website as well as on the website of the Syrian Commission on Financial Markets and Securities (www.scfms.sy).
The shareholder who wishes to appoint a third party to represent him at the General Assembly meeting is entitled to do so in compliance with the related provisions of Legislative Decree No. 29 of 2011 and the Bank Bylaws.
If a shareholder sells his shares prior to the General Assembly date, he will lose his right to attend the meeting.
For any additional information, please contact the office of the Secretariat General on + (963) (11) 66803000.