generality "Investment Bank " It holds its annual meeting in Sharjah
Sharjah, April 29 / WAM / Today, the General Assembly of the Investment Bank held its annual meeting via video conference and in person from its headquarters in the Emirate of Sharjah, headed by Idris Mohammed Al-Rafi, Vice Chairman of the Board of Directors, and in the presence of Board members, a number of shareholders and executive management.
During the meeting, the General Assembly discussed all of its items on the meeting agenda, which aim to achieve growth and contribute to supporting the national economy.
All items on the agenda of the annual meeting were approved and the Board of Directors’ report was submitted on the bank’s activity and financial position for the fiscal year ending on December 31, 2023, in addition to reviewing the external auditor’s report for the same year and discussing the bank’s budget and the profit and loss account for the fiscal year. itself.
The Assembly also approved the discharge of the members of the Board of Directors and the external auditor for the fiscal year ending on December 31, 2023, and approved it along with the appointment of PwC Middle East to assume the role of the bank’s external auditors for the fiscal year 2024.
The Bank’s Board of Directors voted unanimously to appoint His Excellency Mohammed Obaid Al Shamsi as a new member to complete the current session in the vacant position of Board Member. The Assembly also approved the rest of the items of the annual meeting.
Ahmed Abu Eida, CEO of the Investment Bank, said: “We have come a long way in achieving our strategic priorities, as the year 2023 was a historic stage for the bank, through the successful completion of the process of restructuring the bank’s capital, which resulted in achieving operating profits for the first time in years.”
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