OFFTEC Holding Group Elects New Board of Directors

Press release
Published April 29th, 2018 - 05:56 GMT
OFFTEC Holding Group’s Shareholders General Assembly has elected a new Board of Directors.
OFFTEC Holding Group’s Shareholders General Assembly has elected a new Board of Directors.

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.

Background Information

OFFTEC

Founded in Jerusalem in 1910, OFFTEC combines unparalleled experience and comprehensive capabilities in the areas of Banking Technologies, Office Technologies, Furniture Solutions, Physical Security Solutions, IT Infrastructure, Cyber Security, Software Solutions, and Plastic Card Technologies.

In addition to our headquarters in Jordan, OFFTEC operates out of Palestine, Sudan and Iraq. With over a century of market experience, a highly qualified workforce and a longstanding company portfolio covering an extensive list of worldwide market leaders and best-in-class providers, we are proud to serve a large customer base spanning various industries including banking, education, and the public and private sectors, among others.

OFFTEC is a subsidiary of OFFTEC Holding Group, a regional business technology, leasing solutions and loyalty services company. With a total capital of JOD 39.6 million, OHG manages a portfolio of companies that, in addition to OFFTEC, also includes ePoints and Alwasleh.

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