Ordinary and extraordinary general assembly meetings of the Vegetable Oil Industries Company 2024

The Ordinary General Assembly of Team Industries held its regular and extraordinary weddings on Sunday, 5/12/2024, at the company’s offices in the city of Nablus, in the presence of the Chairman of the Board of Directors, Mr. Hisham Al-Masry, via video conference, and a number of members of the Executive Council and the company’s legal advisor, Al-Zoubi Law Firm, represented by Mr. Haitham Al-Zoubi, the company’s account supervisors, and the company’s shareholders, attended by 86.8% of the company’s total visible shares, 4 million shares, and the meeting was chaired by the Vice Chairman of the Board of Directors, Mr. Ayman Abu Ghazaleh. The Ordinary General Assembly approved the Board of Directors’ account and the company’s auditor’s report, as well as the financial statements for the year 2023. By electing Messrs. Ernst and Young Kem, the Company’s Accounts Secretariat was established for the year 2024, and then parts of the Board of Directors were discharged. The Ordinary General Assembly also approved the distribution of shares to the Board of Directors. Noticeable dividends to the company’s shareholders of 25% of the nominal value of the share, one Jordanian dinar, equivalent to 25 piasters per share, for the fiscal year 2023 as of the date of the company’s general assembly meeting. Dividends will begin to be distributed on and after the credit score from Sunday, corresponding to 14/07. 2024. The Ordinary General Assembly also approved the distribution of bonus shares (one share for each share) to shareholders in the company whose name is registered in the company’s register on the date of the meeting. After the expiration of the ordinary age, an extraordinary annual contract for various oils and the extraordinary honest general assembly grants the distribution of free shares other than free shares for each share to the shareholder in the company whose name is registered in the company’s register at the meeting. The extraordinary general assembly approved for this purpose an increase in the company’s capital by 100%. % and the company's capital is 8,000,000 shares/dinar instead of 4,000,000 shares/dinar. The extraordinary general assembly also approved the new articles of association and internal regulations in accordance with the provisions of the new companies law, and authorized the Chairman of the Board of Directors, Mr. Hisham Al-Masry, to sign them. The Extraordinary General Assembly also approved anything that provides rewards to members of the Board of Directors and the Executive Management, and authorized the Chairman of the Board of Directors, Mr. Hisham Al-Masry, to sign it.