Business & Money | Thursday 31 March, 2016 3:29 pm |

Marka Holding PJSC (DFM: MARKA), (‘Marka’), the first public joint stock retail operator in the UAE, held its Annual General Meeting (AGM) on 28th March where shareholders approved the Company’s 2015 financial statements and resolutions presented by the Company’s Board of Directors.

 

Increase in Board of Directors Size

At the AGM Marka shareholders also approved a Special Resolution to increase the size of the Board of Directors to nine members. As a result of this approval, three new board members were elected:

1. Mr. Ahmed Salem Abdulla Salem Al Hosani
2. Mr. Ahmad Mohamed Munsoor
3. Mr. Humaid Obaid Humaid Al Matrooshi

 

Jamal Al Hai, Chairman of Marka said, “We are extremely pleased to have three new board members elected by our shareholders. Each brings considerable experience and expertise to the board, and we look forward to their contribution in building Marka into a world-class retail operator. The increase in the size of the Marka Board of Directors and the three new board members will enable the Company to continue to pursue best-practice corporate governance and achieve the objectives of its strategy set out in 2014.”