Latest news with #OrdinaryGeneralAssembly
CAF
6 days ago
- Sport
- CAF
11 Days to Go Before the Women's AFCON: More Nations, Greater Ambitions
Published: Tuesday, 24 June 2025 With just 11 days to go until kick-off, invites you to look back at some of the landmark moments of a tournament poised to celebrate its 1"th edition. Among the most significant recent developments is the tournament's expansion to 12 teams in 2022—a decisive shift in the evolution of women's football on the continent. Women's Africa Cup of Nations: 11 Days to Go Long limited to an eight-team format, the Women's Africa Cup of Nations entered a new era in 2022 with its expansion to 12 nations. Spearheaded by the Confederation of African Football (CAF), this structural reform was driven by a desire to foster greater inclusion, competitiveness, and visibility for the women's game across Africa. This transformation aligns with the 2021–2025 action plan unveiled by CAF President Dr Patrice Motsepe during the Ordinary General Assembly in Arusha, Tanzania, in 2021. At the time, the South African leader made his ambitions clear: 'This is a commitment to the players, to the young girls who dare to dream, and to all those investing in the future of women's football in Africa.' The move to a 12-team format paved the way for emerging nations to make their debut on the continental stage. In 2022, Burundi, Botswana, Burkina Faso and Togo all took part in their first-ever WAFCON—a historic opening that significantly raised the overall level of the competition. The new structure, built around three groups of four teams, offers a more intense first round. The top two teams from each group, along with the two best third-placed sides, advance to the quarter-finals. The result: more matches, increased playing time, and an environment conducive to technical and tactical development. On the pitch, the 2022 edition hosted by Morocco proved a turning point. Four teams—Morocco, South Africa, Nigeria and Zambia—secured direct qualification for the 2023 FIFA Women's World Cup, a strong statement of intent from a continent on the rise. The results followed: three of those nations—Morocco, Nigeria, and South Africa—reached the Round of 16, a historic feat for African women's football on the global stage.
Morocco World
17-06-2025
- Sport
- Morocco World
Prince Moulay Rachid Chairs Extraordinary General Assembly of Royal Moroccan Golf Federation
Rabat – Prince Moulay Rachid presided over the Extraordinary General Assembly of the Royal Moroccan Golf Federation (FRMG) held Monday in Rabat. Convened in accordance with the FRMG's statutes, the meeting brought together members of the Executive Committee as well as club representatives. Also in attendance were Mohamed Saad Berrada, Minister of National Education, and Faïçal Laraïchi, President of the Moroccan National Olympic Committee, according to a statement from the Federation. In his opening address, Prince Moulay Rachid, President of the FRMG, commended the performance of the national junior teams, recently recognized in continental competitions. These achievements reflect the results of a long-standing policy based on strong investment in youth, the statement added. In 2025, a new sports policy aims to support Moroccan youth through pathways of excellence throughout Morocco. All stakeholders in the golf community are expected to support and inspire this youth and to provide them with an environment conducive to their growth. The prince recalled that this vision was initially outlined in his address to the 2019 Ordinary General Assembly, during which he also emphasized the vital role of the caddie profession. The rollout of social coverage has marked a major social advancement for all Moroccans. In this context, Prince Moulay Rachid noted the importance of extending this social protection (compulsory health insurance, pensions, and others) to a significant population central to the national golf ecosystem, namely the caddies. The social and professional recognition of caddies is considered a strategic lever for the qualitative development of golf tourism. Prince Moulay Rachid has expressed a firm commitment to preserving the caddie profession and ensuring universal social coverage for its members. In this spirit, a circular has been issued to safeguard this traditional profession, ensure the dignity of those who practice it, protect golf courses over the long term, and enhance the golfing experience in Morocco. The implementation of these measures will require continuous consultation with clubs. To oversee this process, the FRMG has established a commission tasked with executing this major step forward in coordination with representatives of the golfing ecosystem and actors in Morocco's social security sector. In this context, two memorandums of understanding were signed in the presence of the prince. The first, concluded between the FRMG and representatives of golf clubs across Morocco, sets out the organizational framework and principles for structuring the caddie profession on a national scale. The second, signed with the National Pension and Insurance Fund (CNRA), outlines support mechanisms to implement the social coverage plan for caddies, including the creation of a dedicated support fund. In concluding his speech, Prince Moulay Rachid reaffirmed his commitment to the sustainable development of Moroccan golf, calling for an ecological transition based on the use of treated wastewater for course irrigation. Following this, the assembly opened the floor for exchanges with members, in a spirit of dialogue, transparency, and collaboration. (MWN with MAP) Tags: GolfMorocco sportsPrince Moulay RachidRoyal Moroccan Golf Federation
3yon News
02-06-2025
- Business
- 3yon News
إعلان شركة نفوذ للمنتجات الغذائية عن نتائج إجتماع الجمعية العامة غير العادية التي تضمنت الموافقة على زيادة رأس مال الشركة (الاجتماع الأول)
1. The company's financial statements for the fiscal year ending on December 31, 2024, were reviewed and discussed. 2. The Board of Directors' report for the fiscal year ending on December 31, 2024, was reviewed and discussed. 3. Approval of the auditor's report for the fiscal year ending on December 31, 2024, after discussion. 4. Approval of appointing Alzoman, Alfahad & Alhajjaj professional services Chartered Accountants as the company's external auditor from among the nominated firms based on the recommendation of the Audit Committee, to examine, review, and audit the financial statements for Q2, Q3, and the annual financials of 2025, and Q1 of 2026, with a total fee of SAR 390,000. 5. Approval of allowing Board Member Mr. Faisal bin Abdullah Al-Omaiqan to engage in activities competing with the company's business. 6. Approval of authorizing the Board of Directors with the powers of the Ordinary General Assembly as stated in paragraph (1) of Article 27 of the Companies Law for a period of one year from the date of this General Assembly's approval or until the end of the term of the authorized Board, whichever comes first, in accordance with the relevant executive regulations for listed joint-stock companies. 7. Approval of discharging the members of the Board of Directors from liability for the fiscal year ending December 31, 2024. 8. Approval of the Board of Directors' recommendation to distribute cash dividends amounting to SAR 11,908,359 (eleven million, nine hundred eight thousand, three hundred fifty-nine Saudi riyals) to shareholders for the fiscal period ending December 31, 2024, at SAR 0.25 per share, representing 25% of the nominal value of the share. Eligibility shall be for shareholders holding shares at the end of the trading day on the date of the General Assembly and registered in the company's shareholders register at the Securities Depository Center (Edaa) by the end of the second trading day following the eligibility date. Dividend distribution will commence on 15-06-2025. 9. Approval of disbursing board member remuneration in the amount of SAR 990,000 for the fiscal year ending December 31, 2024. 10. Approval of disbursing Audit Committee member remuneration in the amount of SAR 164,481 for the fiscal year ending December 31, 2024. 11. Approval of business and contracts to be concluded between the company and Abdullah Ibrahim Al-Omaiqan Real Estate Co., in which Board Members Mr. Faisal Abdullah Ibrahim Al-Omaiqan and Mr. Ibrahim Abdullah Ibrahim Al-Omaiqan have an indirect interest. These involve a lease contract for administrative offices and showrooms located in Al-Nuzha district, Riyadh. The contract duration is two calendar years, with an annual rental value of SAR 1,263,708 (exclusive of VAT). The total value of transactions in 2024 was SAR 1,263,708. These contracts were executed in the ordinary course of business and under prevailing commercial terms without preferential conditions. 12. Approval of business and contracts to be concluded between the company and Mosakhan Waraq Enab Food Services Establishment, in which Board Members Mr. Faisal Abdullah Ibrahim Al-Omaiqan and Mr. Ibrahim Abdullah Ibrahim Al-Omaiqan have an indirect interest. The contract is for the sale of food products with a one-year term. The total value of transactions in 2024 amounted to SAR 597,099 (exclusive of VAT). These contracts were executed in the ordinary course of business and under prevailing commercial terms without preferential conditions. 13. Approval of business and contracts executed between the company and Al-Omaiqan Holidays and Travel, in which Board Members Mr. Faisal Abdullah Ibrahim Al-Omaiqan and Mr. Ibrahim Abdullah Ibrahim Al-Omaiqan have an indirect interest. This involves an agreement to provide ticket booking services. The total value of transactions in 2024 amounted to SAR 367,291 (exclusive of VAT). These transactions were conducted in the ordinary course of business and under prevailing commercial terms without preferential conditions. 14. Approval of the amendment to the Audit Committee Charter. 15. Approval of the amendment to the Nomination and Remuneration Committee Charter. 16. Approval of the amendment to the Policy, Standards, and Procedures of Membership in the Board of Directors and its Committees. 17. Approval of the Competitive Activities Standards. 18. Approval of the Policy on Remuneration for Board Members, Committees, and Executive Management. 19. Approval of the Board of Directors' recommendation to increase the company's capital through the issuance of bonus shares as follows: • The capital increase will be through the capitalization of SAR 48 million from retained earnings, by granting one share for every one share held. • Total increase amount: SAR 48,000,000 • Capital before increase: SAR 48,000,000 • Capital after increase: SAR 96,000,000 • Increase percentage: 100% • Number of shares before the increase: 48,000,000 shares • Number of shares after the increase: 96,000,000 shares The capital increase aims to strengthen the company's financial position, support its expansion plans, and enhance shareholder returns by growing its business and seizing opportunities in the food sector. • Number of bonus shares: 1 share for every 1 share held • The increase will be through the capitalization of SAR 48,000,000 from retained earnings. Eligibility date: Shareholders who own shares by the end of the trading day on the date of the Extraordinary General Assembly and are registered with the Securities Depository Center (Edaa) at the end of the second trading day following the eligibility date. Fractional shares: In the event of fractional shares, they will be grouped in one portfolio and sold at market price. The proceeds will be distributed to eligible shareholders based on their respective entitlements within 30 days from the date of determining the entitled shares for each shareholder. • Approval of the amendment to Article (7) of the company's Articles of Association related to capital. Page 2 الأربعاء 01 مارس 2017 11:18 مساءً Page 3
Broadcast Pro
09-05-2025
- Business
- Broadcast Pro
Zain KSA appoints new Chairman and Vice Chairman
Mohammed Alkhudair has also been named Secretary of the Board of Directors. Zain KSA, a telecommunications and digital services provider in Saudi Arabia, has announced the appointment of new leadership for its Board of Directors following elections held at the Ordinary General Assembly on April 24, 2025. The newly elected Board, serving a four-year term, has named Eng. Abdullah bin Fahad Al-Fares as Chairman and Bader Nasser Al-Kharafi as Vice Chairman. Eng. Abdullah Al-Fares brings a wealth of experience in economic leadership and strategic transformation, with a strong background in both public and private sectors. Currently serving as Undersecretary for Strategy and Development at the Ministry of Industry and Mineral Resources, Al-Fares has previously held senior roles, including Chief Strategy Officer at a company under the Public Investment Fund and Deputy Governor for Strategy at the Small and Medium Enterprises General Authority. His academic background includes a Master's degree in Business Administration from Prince Sultan University and a Bachelor's degree in Electrical Engineering from King Saud University. Bader Nasser Al-Kharafi, the newly appointed Vice Chairman, is a well-established figure in the ICT industry across the Middle East and Africa. He currently serves as Vice-Chairman and Group CEO of Zain Group and holds positions on the boards of several regional and international companies across the financial and industrial sectors. Notably, he is also the Chairman of the Board at Boursa Kuwait. Al-Kharafi earned his MBA from the London Business School and holds a Bachelor's degree in Mechanical Engineering from Kuwait University.
Zawya
24-03-2025
- Business
- Zawya
Suez Canal Bank approves bonus shares worth $69mln
Egypt - The Ordinary General Assembly of Suez Canal Bank has approved the profit distribution plan for the 2024 fiscal year, which includes issuing bonus shares worth EGP 3.5bn at a rate of 0.53 shares per existing share. This will increase the bank's issued capital from EGP 6.5bn to EGP 10bn. The Ordinary and Extraordinary General Assemblies were chaired by Amr Tantawy, Chairperson of the Board, and attended by Akef El Maghraby, CEO and Managing Director, alongside board members and shareholders. Shareholders were able to participate electronically through an online voting system. During the Extraordinary General Assembly, members approved amendments to the bank's Articles of Association, including an increase in authorized capital to EGP 15bn and an adjustment of the issued and paid-up capital to EGP 6.5bn, distributed over 650 million shares at a nominal value of EGP 10 per share. The assembly also approved amendments to seven other articles. Amr Tantawy Following this, the Ordinary General Assembly convened and approved the Board of Directors' report on the bank's financial performance and activities for the fiscal year ending 31 December 2024. The financial statements and related disclosures were ratified, along with the proposed profit distribution plan. The assembly also discharged the Chairperson, CEO, and board members from liability for their activities during the fiscal year and approved changes in the board's composition since the last Ordinary General Assembly meeting on 31 March 2024. Additionally, the assembly authorized the CEO and Managing Director to oversee asset sales and sign necessary contracts, with the ability to delegate authority as needed. The board also determined allowances for its members for 2025, set donation limits for the year, and appointed external auditors while finalizing their fees. Suez Canal Bank reported a record-breaking financial performance in 2024, with net profits reaching EGP 5.7bn, reflecting a 148% increase compared to 2023. Total assets surged by 75%, rising to EGP 180.2bn from EGP 103bn. Deposits also saw significant growth, climbing by 84% to EGP 135.5bn from EGP 73.6bn, while the net loan and credit facilities portfolio expanded by 122% to EGP 74.9bn from EGP 33.8bn. These results underscore the bank's strong financial strategy and sustained growth trajectory.
