Gulf International Services Qsc · QSE:GISS
Gulf International Services Qsc — Gulf International Services — Shareholder Meeting (February 2025)
17 slides from Gulf International Services Qsc's shareholder meeting presentation, Feb 27, 2025
Slide 1: Gulf International Services Annual General Assembly meeting
CLASSIFICATION: C0 - NON-CONFIDENTIAL Gulf International Services Annual General Assembly meeting 27 February 2025
Slide 2: Agenda of the Ordinary General Assembly meeting
CLASSIFICATION: C0 - NON-CONFIDENTIAL Agenda of the Ordinary General Assembly meeting 1. Listen to the Chairman's message for the financial year ended 31 December 2024. 2. Approve the Board of Directors' report on GIS’ operations and financial performance for the financial year ended 31 December 202
Slide 3: 1. Listen to the Chairman's message
CLASSIFICATION: C0 - NON-CONFIDENTIAL 1. Listen to the Chairman's message for the financial year ended 31 December 2024
Slide 4: 2. Approve the Board of Directors' report
CLASSIFICATION: C0 - NON-CONFIDENTIAL 2. Approve the Board of Directors' report on GIS’ operations and financial performance for the financial year ended 31 December 2024
Slide 5: Group: Net Profits and Revenue
CLASSIFICATION: C0 - NON-CONFIDENTIAL Group: Net Profits and Revenue Revenue (QR million) Net profit (QR million) IAS31 Overall revenue increase from all This growth was fueled by increased segments (except catering revenue, higher investment income segment), lead to growth in group from the insuran
Slide 6: Drilling Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Drilling Segment Revenue (QR million) • Revenue growth was mainly driven by better rigs utilization. Additionally, the acquisition of three Jack up rigs supported the revenue growth. Net Profit / Loss (QR million) • The improved profitability was supported by ro
Slide 7: Aviation Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Aviation Segment Revenue (QR million) • The increase was mainly attributed to higher flying hours, coupled with growth in revenue noted across all the operations. Net Profit (QR million) Before Tax • Profitability declined was mainly due to increase in operation
Slide 8: Insurance Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Insurance Segment Revenue • This upsurge in revenue was primarily (QR million) attributed to growth in premiums from both general and medical insurance line of business. The increase in revenue was mainly linked to new contracts in the medical line of business a
Slide 9: Catering Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Catering Segment Share of Revenue Shareholding structure (ensuring equal rights among shareholders) (QR million) ➢ Revenue decreased compared to the previous year. last year revenue includes 100% Amwaj ownership. However current year revenue consider 30% share o
Slide 10: 3. Listen and approve the Auditor's Report
CLASSIFICATION: C0 - NON-CONFIDENTIAL 3. Listen and approve the Auditor’s Report on GIS’ consolidated financial statements for the financial year ended 31 December 2024
Slide 11: 4. Discuss and approve consolidated financial statements
CLASSIFICATION: C0 - NON-CONFIDENTIAL 4. Discuss and approve GIS' consolidated financial statements for the financial year ended 31 December 2024
Slide 12: 5. Present and approve 2024 Corporate Governance Report
CLASSIFICATION: C0 - NON-CONFIDENTIAL 5. Present and approve 2024 Corporate Governance Report
Slide 13: 6. Approve the Board's dividend recommendation
CLASSIFICATION: C0 - NON-CONFIDENTIAL 6. Approve the Board's recommendation for a dividend payment of QR 0.17 per share for 2024, representing 17% of the nominal share value
Slide 14: Proposed dividend for the year 2024
CLASSIFICATION: C0 - NON-CONFIDENTIAL Proposed dividend for the year 2024 Dividend of QR Total 0.17 per share, Dividend of equivalent to QR 316 Payout 17% of nominal share value ratio of million 44% of 2024’s net earnings We would like to inform our esteemed shareholders that the dividend amount wil
Slide 15: 7. Absolve the Board of Directors from liability
CLASSIFICATION: C0 - NON-CONFIDENTIAL 7. Absolve the Board of Directors from liability for the year ended 31 December 2024 and fix their remuneration
Slide 16: 8. Appoint the external auditor
CLASSIFICATION: C0 - NON-CONFIDENTIAL 8. Appoint the external auditor for the financial year ending 31 December 2025 and approve their fees
Slide 17: Thank you
CLASSIFICATION: C0 - NON-CONFIDENTIAL Thank you
Gulf International Services — Shareholder Meeting (February 2025) on 6ix