Gulf International Services announces all items listed on the board of directors agenda expected April 7, 2010

Gulf International Services announces all items listed on the board of directors agenda expected April 7, 2010

08-03-2010

Gulf International Services Company announced the agenda of the Ordinaryl & Extraordinary General Assembly Meetings of GIS, that will be held on Wednesday,7/4/2010 at Al Fayrouz, Marriot Hotel, Doha,The AGM will discuss following agendas:

Agenda of the Ordinary General Assembly Meeting:

1.    Chairman’s Message for the year ended December 31, 2009.

2.    Board of Directors’ Report on GIS’s Activities and Financial position for the year ended December 31, 2009.

3.    Auditors’ Report on GIS’ Consolidated Financial Statements for the year ended December 31, 2009.

4.    GIS’ Consolidated Financial Statements for the year ended December 31, 2009.

5.    GISs Consolidated Budget for 2010 and 5-year Business Plan.

6.    Approval of the Board’s recommendation for a dividend payment of QR 1.7 per share, representing 17 % of the nominal share value.

7.    Appointment of the external auditors for 2010 and fixing their remuneration.

8.    Absolve the Board of Directors from liability for the year 2009 

9.    Fixing the Board of Directors remuneration.

Agenda of the Extraordinary General Assembly Meeting:

1.    Reduction of GIS’s Authorized Share Capital from QR 10 billion to QR 2 billion, accordingly amending GIS’ Articles of Association and all company official documents, where necessary.

2.    Amending the following Articles of GIS’ Articles of Association:

a.    Article 24: To allow extension of the present term of Directors’ appointments until replacement at the AGAM 2011.

b. Article 40.2: To allow extension of the terms of the Chairman and Deputy Chairman of the Board until re-appointment or replacement at the AGAM 2011

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