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THE MOROCCAN DEPOSIT INSURANCE CORPORATION

THE MOROCCAN DEPOSIT INSURANCE CORPORATION

SGFG’s Annual General Meeting of shareholders held in Casablanca on May 29, 2019

English

The AGM of the shareholders of the Moroccan Deposit Insurance Corporation - SGFG - was held on May 29th 2019.  After reviewing the activity of the corporation during 2018, the AGM approved all the resolutions of the Board of Directors.
The AGM also approved the corporation’s financial statements for the year 2018 as presented in the auditor's report and then appointed Deloitte as external auditor of the corporation  for the  next three years.
In addition, the AGM approved the proposal of the Board of Directors on the distribution of the profit of 1,062,054.26 dirhams as follows:

  • Legal reserve (5% of the year profit), i.e. 53,102.72 dirhams.
  • Retained earnings, 1,008,951.54 dirhams.

In addition, the AGM authorized the board of directors to increase the corporation's share capital following the participative banks‘ membership under the terms and conditions stipulated by law n° 17-95 pertaining to the limited companies.

Date
18 Jun 2019 - 17:00