Qatar Fuel (WOQOD) Held its Extra- Ordinary General Assembly Meeting
Qatar, Doha (WQ): WOQOD’s Extra – Ordinary General Assembly duly chaired by His Excellency Sheikh Saoud Bin Abdulrahaman Al Thani, held its meeting in the evening of Wednesday 25 of May 2016 at WOQOD Tower – Al-Dafna. The meeting had been postponed due to the lack of Quorum in the previous two meetings .
The Agenda of the Extra – Ordinary meeting included the following issues:
1- Amendment of Article 1/9 of WOQOD’s Articles of Association related to the abolishment of minimum shares requirement (previously prescribed at 100 shares for each single shareholder).
2- Amendment of Article 1/26 to raise the minimum number of the Board meetings to 6 meetings a year.
3- Amendment of Article 3 by adding the following activities and procedures to the existing practices undertaken by the company in furtherance of its objects as per the following:
- Article 3/6 : to enable utilization of Sidra Brand Name for establishment and operation of Sidra C- Stores.
- Article 3/7: related to the vehicle related services and activities to be exercised by the service stations.
- Article 3/8 : allowing commercial advertisement inside the service station premises.
- Introducing new Article 26/5 allowing the Board of Directors to pass decisions by “Circulation “procedure in cases of emergency or necessity.
The Extra – Ordinary General Assembly discussed and adopted the above amendments.