Abu Dhabi-based utility firm Tabreed said it has won approval from the shareholders to distribute dividends of 5 fils per share.

Tabreed said the shareholders also voted to approve all resolutions tabled at the annual general assembly meeting held yesterday including the appointment of Tabreed’s board of directors who will represent the company for the next three years.

The board members are Waleed Ahmed Al Mokarrab Al Muhairi, Khaled Abdulla Al Qubaisi, Ibrahim
Ahmed Al Ansaari, Ahmed Yahia Al Idrissi, Ali Saeed Al Badi Al Dhaheri, Abdul Raouf Al Bitar, and Khaled Saleh Al Rashedi.

Shareholders also elected two new members - Fahad Saeed Mohamed Al Raqbani and Mohammed Al Huraimel Al Shamsi, thus returning Tabreed’s board of directors to its original composition of nine members.

Other resolutions approved by shareholders included the board's report, the auditors’ report and the financial statements for the year ended December 31, 2013 besides the appointment of the company’s auditor for 2014.

The assembly also approved the board members’ remuneration and discharged them and the auditor of the company from liability for 2013.-TradeArabia News Service