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FIRST RESOLUTION |
The ordinary General Assembly of NORTH AFRICA INTERNATIONAL BANK held on July 12th, 2006 at the bank’s premises to discuss the bank’s financial statements for theyear2005.Approves legitimacy of Assembly convening and declares that it is legally entitled to discuss the proposed agenda
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SECOND RESOLUTION |
The Ordinary General Assembly of North Africa International Bank held on June 12th,the bank’s premises having heard :The report of the Board of Directors on the bank’s activities and its financial statements for the year 2005.The Auditor’s General and Special Reports on the bank’s activity and its financial statements for the year 2005, hereby approves these reports and the bank’s financial statements for the year ended 2005 and all annexed accounts.
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THIRD RESOLUTION
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The Ordinary General Assembly and further to NAIB’s Board of Directors’ proposal, decided Profits appropriation as follows :
US Dollars
2005 Net Pro f i t s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,666,448.33
Reported result . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .- 16,218.66
Total profits for allocation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,650,229.67
Legal Reserves (5%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .82,511.48
Profits for allocation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1,567,718.19
Share Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 900,000.00
General Banking Risks Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 550,000.00
Social Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .100,000.00
Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .17,718.19
