Manazel PJSC held its Annual General Assembly Meeting on Thursday, 28 May 2020, via electronic and remote access, allowing shareholders to participate from various locations. The meeting addressed critical items concerning the company’s performance and future initiatives.

Key agenda items included the approval of the Board of Directors' report on activities for the financial year ending 31 December 2019, as well as the audit report for the same period. Additionally, the Fatwa and Shari’a Supervisory Board presented their report, which was also approved.

The assembly discussed the continuation of sukuk issuance, empowering the Board of Directors to oversee this initiative. HLB was appointed as the auditors for 2020, maintaining the same fee structure as in 2019. Lastly, the shareholders voted to release the Board of Directors, auditors, and members of the Fatwa and Shari’a Supervisory Board from responsibility for the financial year ending 31 December 2019.

The successful conduct of the Annual General Assembly Meeting highlighted Manazel PJSC's commitment to transparency and shareholder engagement. The discussions and approvals set a positive tone for the company’s strategic direction and financial management moving forward.