Doha, Qatar • 11/12/ 2019
Qatar Fuel Company hereinafter referred to as (WOQOD) or "WOQOD Group" or "the Group" and in Qatar Bourse as "QFLS", a company that owns an exclusive concession to distribute, sell, transport and market refined petroleum products & Gas in the state Qatar including airports and seaports either by itself or through independent and separate entity affiliated and/or subsidiary companies, some of which are performing other ancillary business, "QJET, FAHES, WOQOD Marine" has announced that The Board of Directors held its sixth meeting for the year 2019, at 1:30 pm on Wednesday, 11/12/2019, where the Board issued resolution approving the recommendations of the Nominations Committee to open the nomination process for the election of four members to the Board of Directors for a period of three years starting immediately after the election of the required members by the Annual General Assembly of WOQOD, scheduled to be held on 18/03/2020 as an original date and on 31/03/2020 as an alternative date. (attachment No.1)
WOQOD Board has also approved the nomination conditions for the independent and non-independent members (attachment No.2), in addition to the adoption of the attached timetable (attachment No.3), which sets the dates for the nomination and election procedures, where it is scheduled to open the nomination process for those wishing to nominate to collect the nomination documents from 22/12/2019 until the end of the working day of January 5th 2020. The Board of Directors will, in its annual meeting scheduled to be on January 29th 2020, approve the final list of candidates for submission to the General Assembly of shareholders, other than Qatar Petroleum and the General Retirement & Social Insurance Authority, for voting requirements and the selection of the winning candidates. For more information and terms in respect of the nomination and election for WOQOD Board membership, please contact us on the email address email@example.com or visit the Investor Relations page in WOQOD website by Clicking here.
Apart from the above, the Board considered routine matters relating to WOQOD Group operations not related to financial matters.