Amman, 5 May 2021- OFFTEC Holding Group (OHG) has reported a net profit growth of 40% attributable for shareholders in 2020 compared to 2019. The achievement was reached due to the group’s effective approach in dealing with all the changes the region witnessed, especially during the global COVID-19 pandemic. This announcement was made during the annual General Assembly meeting on Wednesday 28th April 2021 that was held via Zoom video communications, due to the outbreak of COVID-19.
The meeting was headed by OHG Vice Chairman, Khaled Zakaria, in the presence of the representative of His Excellency, the General Comptroller of Companies, Mr. Luay Al-Shalabi, and the presence of (14) out of (1133) shareholders who own a total of (32,036,077) shares, which constitute (81%) of the company's paid-up capital (5,768,465).
The General Assembly’s agenda began with a recitation of the minutes of the previous meeting held on July 2, 2020. They then voted and approved the Board of Director’s report on the company business for the fiscal year of 2019, which ended on December 31, 2020, and approved the Business Plan for 2020. Next, the General Assembly voted and approved the Auditor’s Report and Financial Results profits and losses for the fiscal year of 2020, which ended on December 31, 2020. The meeting also witnessed the re-election of (PriceWaterhouseCoopers) as the company's external auditors for the year 2021, and the Chairman and Members of the Board of Directors were discharged of liability for the period ending on December 31, 2020 within the limits of the law.
During the meeting, the Vice Chairman further announced that the company has taken all the necessary legal measures to hold the meeting according to the company’s laws. OHG has published the Board of Director’s Report and the Financial Statements through the company's website, so that all shareholders have the chance to view them.
OHG Vice Chairman, Khaled Zakaria would like to thank the representative of the General Comptroller of Companies, the shareholders and their overall confidence in the company and its management, and the Chairman and members of the Board of Directors for their continuous support to achieve the goals set, and the management and all employees for their outstanding performance in 2020, one of the most challenging years the world faced due to the COVID-19 pandemic.