AL-MAMOURA Co. News

1-The purchasing of a lot of land in Al-bataween District adjacent to the  federation of Iraqi chambers of commerce and its area is 966m2 had been done and the completion of the purchasing formality shall be done during the current period and after that the preparation of the designs and building license for the purpose of commencing the construction shall be done on the lot of land.

2-The purchasing of lot of land had been done in street (52) its area is 786m2, the contracting with the advisory Bureaus shall be done in order to carry out the necessary designs in order to be utilize be the banks and companies in accordance with the required design.

3-For the purpose of expansion and for the qualification of the company and the availability of the experiences and required cadres in executing the projects and contracts, the obtaining of the identity of registration of contractors from the Ministry of Planning-first class had been done which allows it to enter in the field of general contracts in addition to its investing specialization.

4-The fulfillment of Mamoora no. (6) a commercial building from five floors in Al-Karrada Dakhel District near the head office of the company had been carried out on the date 30/4/2007 and it is now exposed for selling or leasing.

5-The general committee of the company had met on the date 9/6/2009 and the following articles had been discussed:

A-Listening to the report of board of directors concerning the activity of the company for the financial  year 2008 and its declaration.

B-Listening to the report of the auditor of account and discussion of the data and financial year ending  on 31/12/2008and its certification.

 C-The discussion and declaration of the profit dividends for the year 2008 and to increase the capital of  the company in accordance with article (55) second from the law of companies.

 D-The declaration of awarding the chairman and the members of the board of directors and clearing their

 E-Appointing the auditor of the accounts of the company for the financial year 2009 and specify his fees.

 F-To carry out elections of the new board of directors and reserve due to the ending of the period of the  current board of directors for passing of the period of three years from previous election.

And the general committee had taken the following decisions :

A-The displaying of the report of the board of directors had been done  concerning the activities of the company for the financial year 2008, and Mr. chairman of the session had submitted a summary of it and was exposed for discussion, and Mr. chairman of the session has answered on all inquiries and had promised to review it and in regards to the project of Al-Ghazaliya, Mr. chairman of the session had replied that the company is in continuous negotiations concerning the project and the offers submitted to us and the best offer shall be chosen, and the chairman of the session had clarified that the company is still continuing in purchasing the lots of land which it deems suitable in order to construct the projects, and Mr. chairman of the committee had referred to that the company after obtaining the identity card of the contractors from the Ministry of Planning endeavors to obtain the contracts whether by itself or partnership and within its qualification and after finishing the discussion, the certification had been done on report unanimously.

B-The auditor of he accounts of the company has summarized of what was stated in the report and the final accounts the company had been carried out, and the replying on all inquiries which the shareholders had displayed been done and then what is stated in the report and final accounts dad been displayed for voting as it was unanimously decided by the committee.

C-The discussion and declaration of the dividends of the profits amounting to (15%) from the capital of the company had been carried out and the approval on the increase of the company by the above from (6180) to (7107) million Dinar and amending the capital of the company in accordance with this and Para (55) second from the law of companies.

D-The general committee had decide to grant Mr. chairman of the board of director and Messrs. members of the board of directors an award and the certification on the decision had been done and clearing their liabilities unanimously.

E-The approval for appointing Mr. Tahseen Nu'ma Al-A'ardhi as the auditor of the accounts of the company for the financial year 2009 had been obtain and with the wages in accordance with the disciplines of the accountants and auditors association.

F-Due the ending of the period of the current board of directors the performance of the election of the new board of director had been done and accordance with the meeting agenda as the nomination for the shareholders had been opened and after separating the votes and arrange the number of the voting separation, it was as following:

The original members in board of directors

 The reserve members according to the arrangement of the votes  

Some of the present properties to the company