During the Ordinary and Extraordinary General Assembly Meetings
Amman - OFFTEC Holding Group's (OHG) Shareholders General Assembly has announced a growth of 60% in last year's net profits compared with the same period during 2014. The announcement was made at the Landmark Amman Hotel during the annual Ordinary General Assembly Meeting for shareholders, which was followed by the Extraordinary General Assembly Meeting.
Both Ordinary and Extraordinary General Assembly Meetings were headed by OHG Chairman, Elias Baddour, in the presence of Muath Rababa, representative from the Companies Control Department; OHG CEO, Basim Said; Dr. Nabil Nasser, Financial Manager; and Walid Taha, the external auditor.
During the meeting, the General Assembly discussed the consolidated statements for the year ended 31 December 2015, and the company's future plans in light of the significant growth in net profits. Additonally, an external auditor was elected for the new fiscal year 2016.
The General Assembly praised the positive results achieved by the Group and the notable increase in profit compared to previous years.
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About OFFTEC
Established in Jerusalem in 1910, OFFTEC has today become the leading provider of innovative business and technology solutions, combining unparalleled experience and comprehensive capabilities in the areas of Banking Technologies, Office Technologies and Furniture, IT and Physical Security, IT Infrastructure, Plastic Card Technologies, and Software Solutions. In addition to its Jordan-based branch, OFFTEC operates out of Palestine, Sudan, and Iraq, where it is also considered an industry pioneer. With a century of experience in the market, a highly qualified workforce, and partnerships with a long list of the world's market leaders and best-in-class providers, OFFTEC has built a large customer base spanning all industries including banks, private sector companies, governmental agencies and educational institutions, among others.
OFFTEC is a subsidiary of OFFTEC Holding Group PLC (OHG), a public shareholding company listed on the Amman Stock Exchange as (OFTC) with a total capital of JOD 40.7 million. OHG is a regional provider of innovative technology and loyalty services and solutions designed to create sustainable value to customers and partners alike.
This press release has been distributed by Bidaya Corporate Communications on behalf of OFFTEC.
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© Press Release 2016
