AL-MAMOURA Co. News

1- AL-Ma'mourah project No.(6) in AL-Karrada Dakhel District .

The company carries out the study of the quotations submitted to it to purchase the building belonging to it in AL-Karrda Dakhel District near the head office of the company with the probability of selling it in the from of ownership apartments and with modified prices and we state the information about the above building :

- The company is located in AL-Karrada Dakhel Street- The third branch from kahramana square .

- The area of the land is about 500M2 .

- The building is compsed from five floors in addition to the basement on the area of the building and an apartment for the guard in the staircase .

- Each floor is consisted of threelarge apartments and each apatment is consisted of a hall, tow rooms, with a bathroom and a kitchen .

- The building contains an electric elevator .

- Total of cons tructed area and all floors 2200M2 .

- The building is executed in the year 2006 and is still not occupied .

2- The company had sold the house belonging to it in street (52) with a with a suitable price which had achieved to the company good profits .

3- Apurchase of a lot of land was carried out in AL-Bataween District in AL-Zaeem Street adjacent to the federation of the Iraqi commercials chambers and its area 963M2 and the designs had been set up to construct a five storey building with basement to be used as car park and the optaining of the building licence had been done and the commencement shall be done soon .

4- Apurchase of a lot of land was carried out in AL-Bataween District in AL-Zaeem Street adjacent to the real esate referred to in para (3) above and with an area 1036M2 , the designs for constructing the building from five floors  with  car park undergound had beencarried out, and the commencement for obtaining the building licence shall be carried out .

5- And also, the apurchase of a lot of land in AL-Karrada Dakhel district opposite the Endowment of Layla Khatoon had been carried out and it is with an area of 1255M2, and shortly , the setting of the designs for the project shall be carried out .

6- The general commission of the company had met on the date 26/5/2010 and the following points had been discussed :

A- The hearing to the report of the board of directors concerning the activities of the company for the financial year 2009 and its declaration .

B- The hearingv to the report of the auditor and discussing the data and final accounts for the financial year ending on 31/12/2009 confirm them .

C- The discussion and declaration of the division of the profits for the year 2009 and the increase of the capital of the company according to article (55) first and second from the law of companies .

D- The declaration of rewarding the chairman and the members of the bord of

directors and clearing their liabilities .

E- Appinting the auditor of the company for the financial year 2010and to specify his wages .

The general commission had taken the following decisions :

A- The report of the board of directors concerning the activites of the company for the financial year 2009 had been exposed and chairman of the meeting had presented summary about the activity of the company and the most important articles stated in the report of board of directors and the subject was exposed for discussion and because the report had been clarified in a complete way be Mr.chairman of the commission ,it was exposed for voting and the approval of the general commission had been carried out on it unanimously .

B- Mr.auditor of the company had summarized what is stated the report and the discussion of the final accounts of the company and the reply on all inquiries which the shareholders had exposed had been out, and the exposition of what is stated in the report and final accounts was carried out for voting as it was unanimously declared by the commission .

C- The discussion and declarations of the division of the profits for the year 2009 had been done and the approval for increasing the capital of the company with the ratio of 15% according to Article (55), second from the low of companies and with the rate of 50% according to Article (55), first from the low of companies in order to amend capital of the company from (7107000000) Dinar to (11726550000) Dinar .

D- The general commission had decided to grant Mr. chairman of the board of directors and Messrs. Members of the board of directors the reward , and the affirmation had been carried out on the decision and clearing their liability unanimously .

E- The approval had been obtained to apponit Mr. (Tahseen Ne'ma AL-Aridhi) as the auditor of the accounts of the company for the financial year 2010 and with wages according to the disciplines of the Accountants and Auditors Association .

Some of the present properties to the company