Established in 2006 as a Community of Reality

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Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    An economic association warns of a measure that will allow Ali Ghulam to acquire the Middle East Ban

    Rocky
    Rocky
    Rocky
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    Join date : 2012-12-21
    • Post n°1

    An economic association warns of a measure that will allow Ali Ghulam to acquire the Middle East Ban Empty An economic association warns of a measure that will allow Ali Ghulam to acquire the Middle East Ban

    Post by Rocky Sun 05 Feb 2023, 2:52 pm

    An economic association warns of a measure that will allow Ali Ghulam to acquire the Middle East Bank[You must be registered and logged in to see this link.]
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    [You must be registered and logged in to see this link.] |Today, 21:33 |

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    The head of the Iraq Stock Exchange Investors Association, Alaa Al-Moussawi, warned today, Sunday, that the General Assembly of the Middle East Bank will hold elections next Friday in Erbil, warning of the loss of the right of the bank’s shareholders who own 48% of the bank’s shares, and the possibility of Ali Ghulam acquiring all the bank’s shares. .
    Al-Musawi said, in a statement received by "Baghdad Today", that "the meeting of the General Assembly of the Middle East Bank will be held on Friday 2/10/2023 in Erbil."
    And he added: “With regard to this meeting, I would like to clarify to the shareholders the following:
    1- Holding the meeting in Erbil contradicts Article 90 of the amended Companies Law No. 21 of 1997, and we will file a legal appeal about that.
    2 - During the meeting, a decision will be taken to increase the members of the Board of Directors from 5 to 7, and in the same meeting, this decision will be implemented and elections will be held. This procedure is contrary to the Companies Law, because the decision to increase the members of the Board of Directors requires a change in the company’s articles of association, and any shareholder has the right to appeal the procedures within 3 days, and the shareholders have the right to object to the decision within 7 days after its adoption, and then the approval of the Registrar of Companies and the completion of the procedures for changing the articles of incorporation, and then the decision is implemented, and it is not legally possible to take the decision and implement it immediately 
    3- Holding the elections in Erbil will prevent the shareholders, most of whom are from Baghdad, from exercising their legal right to vote and run in accordance with the cumulative voting instructions. 
    4 - The businessman Ali Ghulam owns 52% of the shares of the bank, and therefore he has the right to own half of the seats in the council, but holding the meeting in Erbil and the absence of the shareholders will make him acquire all the seats in the council 
    5- Therefore, I call on all shareholders who own 48% of the bank’s shares to participate in the elections, vote and run for change in the Board of Directors and protect the rights of shareholders. 
    6 - Shareholders who are unable to attend the meeting have the right to delegate other shareholders or their representatives to attend the meeting, and tomorrow is the last day for delegating and handing over proxies to the Securities Commission 
    7- Your non-attendance and non-participation in the elections will lead to the renewal of the current board and the continuation of the current bank policy for the next four years. 
    8 - We will file an appeal against the procedures for holding the meeting, and we will submit a legal objection to holding the elections, and we will file a lawsuit against the Registrar of Companies if the law is not applied. 
    At the end of his statement, Al-Moussawi called on the management of the Central Bank and the Securities Commission to intervene and protect the rights of shareholders.
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    Rocky
    Rocky
    Rocky
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    Posts : 269770
    Join date : 2012-12-21
    • Post n°2

    An economic association warns of a measure that will allow Ali Ghulam to acquire the Middle East Ban Empty Re: An economic association warns of a measure that will allow Ali Ghulam to acquire the Middle East Ban

    Post by Rocky Sun 05 Feb 2023, 2:53 pm

    Would that be the same Ali that sold dinar, Neno's buddy use to be
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      Current date/time is Fri 10 May 2024, 2:08 am