GO GA approves business and contracts with Batelco, approves financial statements for fiscal year ending in March 2022

The Board of Directors of Etihad Atheeb Telecommunication Co. (GO) announced on Sunday the results of the 15th Ordinary General Assembly meeting (Second meeting), which was held on Thursday 08/09/2022 through technical means (remotely).
The Voting Results on the Items of the General Assembly’s Meeting Agenda’s:
1. Approval of the report of the Board of Directors for the fiscal year ending on 31/03/2022.
2. Approval of the auditor’s report for the fiscal year ending on 31/03/2022.
3. Approval of the financial statements for the fiscal year ending on 31/03/2022.
4. Approval of the appointment of the company’s auditor Al-Azm, Al-Sudairi, Al-Sheikh & Partners Co from among the candidates based on the recommendation of the Audit Committee, to examine, review and audit the financial statements for the (second, third, fourth) and annual quarters of the fiscal year 2022/2023 and the first quarter of the fiscal year 2023/2024, and determine their fees.
5. Approval of the disbursement an amount of SR574,111 as a bonus to the members of the Board of Directors (Non-Executives) from the beginning of the 4th session on October 26,2020 until the end of the fiscal year ending on 31.0.3.2022
6. Approval of the Board of Directors recommendation to appoint Mr. Ehsan bin Amanallah bin Aminallah Makhdoom (an independent member from outside the Board) as a member of the Audit Committee, starting from 31/10/2021 until the end of the current session of the audit committee on 25/10/2023, instead of the previous member, Mr. Omar Subhi Shanaa (non-executive), provided that the appointment takes effect from the date of the recommended decision issued on 31/10/2021. This appointment comes in accordance with the Audit Committee Charter.
7. Approval of the Board of Directors recommendation to appoint a representative of the Bahrain Telecommunications Company (Batelco) Mr. Faisal Mohd Nazih Qamhiyah (Non-Executive) to the Board of Directors starting from 01/03/2022 to complete the Board’s term until the end of the current session on 25/10/2023 replacing the previous member Sheikh Mohamed bin Khalifa bin Salman Al Khalifa (Non-Executive).
8. Approval of the Board of Directors recommendation to appoint Mr. Meshaal Ibrahim Metaab bin Omeriah (Independent) to the Board of Directors starting from 07/04/2022 until the date of expiry of his membership on 30/06/2022 replacing the previous member, Mr. Omar Subhi Shanaa (non-executive).
9. Approval of the Board of Directors recommendation to appoint Mr. Omar Nabil N Alkhudairi (Independent) to the Board of Directors starting from 01/08/2022 to complete the Board’s term until the end of the current session on 25/10/2023 replacing the previous member Mr. Khalid bin Abdulrahman Alkhudairi (Independent).
10. Approval of the business and contracts that will take place between the company the members of the Board of Directors who have an indirect interest and they are as follows: Mr. Faisal Mohd Nazih Qamhieh and Mr. Issa Abbas Al-Saba, which is about passing and transferring the traffic of international calls exchanged between the company and the Bahrain Telecommunications Company (Batelco) Compensation for administrative fees for bank guarantees. Note that the value of the transactions for the previous year is debited in amount of SR841,140.