Tabreed’s annual general assembly approves 5 fils per share

ABU DHABI: The Annual General Assembly (AGA) of National Central Cooling Company PJSC (Tabreed), the leading Abu Dhabi-based district cooling utility infrastructure company, yesterday approved a dividend distribution of 5 fils per share. Shareholders also voted to approve all resolutions tabled at the meeting including the appointment of Tabreed’s Board of Directors who will represent the company for the next three years.

Current Board members Waleed Ahmed Al Mokarrab Al Muhairi, Khaled Abdulla Al Qubaisi, Ibrahim Ahmed Al Ansaari, Ahmed Yahia Al Idrissi, Ali Saeed Al Badi Al Dhaheri, Abdul Raouf Al Bitar, and Khaled Saleh Al Rashedi were all re-elected to Tabreed’s Board. Shareholders also elected two new members: Fahad Saeed Mohamed Al Raqbani and Mohammed Al Huraimel Al Shamsi, bringing back Tabreed’s Board of Directors to its original composition of nine members.

Other resolutions approved by shareholders included the Board of Directors’ Report, the Auditors’ Report and the Financial Statements for the year ended 31st December 2013, and the appointment of the company’s auditor for 2014. The assembly also approved the Board of Directors’ remuneration and discharged them and the auditor of the company from liability for 2013.