Amman – Jordan: Al-Faris National Investment Group (ASE: CEBC), brand named OPTIMIZA, recently held its 16th Annual General Assembly Meeting using the AGMpro platform for virtual general assembly meetings, in accordance with the provisions of the Jordanian Defense Law No. (13) of 1992, and Defense Order No. (5) of 2020.
The meeting was overseen by Mr. Rudain Kawar, Chairman of OPTIMIZA, in the presence of the Members of the Board of Directors and the Executive Director, as well as shareholders and a representative from the Companies Control Department, His Excellency Mr. Mohamed Al-Athamna.
On the agenda of the meeting, amongst other items, was the review of the Company’s business operations and results for 2020, as well as the future plans of OPTIMIZA. All proposed resolutions where approved by the shareholders.
During the meeting, Mr. Kawar highlighted the fact that 2020 has been an exceptional year for all companies across different sectors, both locally and internationally, due to the pandemic, which has played a significant role on business operations worldwide. The complete and sudden closures that were witnessed in the end of the first quarter of 2020 played a significant role in creating a disconnect between the local and regional markets for the Company. However, despite the lockdown and closures that continued in the second and third quarters of last year, the team at OPTIMIZA was able to persevere and continue excelling at their daily operations, as well as serve local and regional clients while observing physical distancing by offering virtual and remote services. This paved the way for Optimiza to complete all contractual obligations that were signed in 2019 and in the first quarter of 2020.
Despite the unprecedented times being faced by businesses throughout the world, OPTIMIZA was able to achieve a JOD 1.3 million operational profits, with a recorded 80% increase in growth over 2019.
His Excellency Mr. Al-Athamneh praised the efforts put forth by OPTIMIZA that met all the requirements of a remote General Assembly Meeting, and commented on the high professionalism and transparency of the voting process, as well as the candor of sharing the results with all attendees.