Amman – The OFFTEC Holding Group’s (OHG) Shareholders General Assembly has elected a new Board of Directors, an election process which takes place every four years, during the Ordinary General Assembly Annual Meeting. The 2017 meeting was held on Wednesday 25 April, 2018 at the Landmark Amman Hotel.
The meeting was chaired by OHG Chairman Elias Baddour, in the presence of the Board of Directors and shareholders, OHG CEO Basim Said, OHG CFO Dr. Nabil Nasser, a representative of the Companies Control Department from the Ministry of Industry and Trade Mohammed Al-Tourman, and the external auditor Walid Taha.
During the meeting, the General Assembly discussed the consolidated statements for the year ended 31 December 2017, and the future plans of OFFTEC Holding Group. The election of an independent accountant for the fiscal year 2018 was also discussed. Additionally, the Board of Directors' recommendation for a dividend distribution of 5%, was approved.
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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 39.6 million. OHG is a regional provider of innovative technology and loyalty services and solutions designed to create sustainable value for customers and partners alike.
This press release has been distributed by Bidaya Corporate Communications on behalf of OFFTEC.
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© Press Release 2018
