THE AGM AT FIRST FINANCE ENDORSES THE ITEMS LISTED ON ITS AGENDA AND APPROVES THE 5% CASH DIVIDEND DISTRIBUTION

First Finance Company announces the results of its Ordinary General Assembly (OGA( results held on Wednesday, April 21st, 2010, at Imam Malik Hall at the Companys headquarters. The F.F.C. Ordinary General Assembly has unanimously approved the following agenda:

1- The Board’s report on the activities of the Company and its financial position for the financial year ended 31/12/2009, and the future plan for 2010.
2-The Auditor’s report on the activities of the Company and its financial position for the financial year ended 31/12/2009.
3- The report of the Shari‘a Advisory Body and stating the Zakah Ratio.
4- The Company’s financial statements for the financial year ended 31/12/2009.
5-The suggestions made by the Board regarding the distribution of 5% cash dividends of the Company’s capital , i.e. equivalent to QR.0.5 per share.
6-Absolving the Board of Directors from responsibility for the financial year ended 31/12/2009.
7- To inform the General Assembly of the Board’s decision, according to article (118) of law No.(5) for the year 2002 related to the Commercial Companies Law , that the Board’s members will not receive remuneration.
8- appointing Ernest & Young as the auditors for the forthcoming year (2010) and to deputize the Board of Directors to determine their remuneration.
The General Assembly has also reviewed the latest updates concerning the acquision of the major portion of F.F.C. shares by Barwa Bank, which is likely to be achieved in the near future.
In the framework of plans and futuristic expectations, Mr. al-Saad, the F.F.C. Boards Chairman, explained that: If Allah Wills, the Company will do its best to accomplish sustainable high returns on capital, to continuously develop its abilities in all fields and to achieve attractive returns for shareholders.”

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Source: Qatar Exchange