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Results of Aramex PJSC’s General Assembly Meeting

Aramex PJSC Annual General Meeting (AGM) was held on Tuesday, 21st March 2017 at 5:00PM at Jumeirah Emirates Towers Hotel, Dubai - UAE.

The following are the matters discussed during the meeting and the decision made on each matter:

  1. Approving the Report of the Board of Directors on the Company’s activities and financial position for the year ended 31 December 2016;  

  2. Approving the Auditor’s Report on the Company’s financial position for the year ended 31 December 2016;  

  3. Approving the Company's Balance Sheet and Profit and Loss Account for the year ended 31 December 2016;  

  4. Approving the Board of Director’s recommendation to distribute cash dividends for the year ended 31 December 2016 amounting to 16% of the Company’s paid-up capital, such dividends to be distributed on the following basis:
    • Last entitlement date: 29 March 2017
    • Ex dividends date: 30 March 2017
    • Register closing date: 2 April 2017  

  5. Absolving the Board of Directors from liability for the year ended 31 December 2016;  

  6. Absolving the Company’s auditors from liability for the year ended 31 December 2016;  

  7. Approving the Board of Director’s total remuneration of AED 3,630,000 (three million and six hundred and thirty thousand Dirhams) for the year ended 31 December 2016;  

  8. Appointing Ernst & Young as the Company’s external auditors for the year ending 31 December 2017;  

  9. Electing the Company’s new Board of Directors for a 3 years term. The elected Board are:
    • 9.1.Fadi Ghandour
    • 9.2.Ahmed Fahour (representing Australia Post Transaction Services Pty Ltd.)
    • 9.3.Hussein Hachem
    • 9.4.Ramez Shehadi
    • 9.5.Mohamed Alsuwaidi
    • 9.6.Abdullah Al Mazrui
    • 9.7.Ayed Al Jead
    • 9.8.Ahmed Albadi
    • 9.9.Tariq Bin Hendi