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Directors Report :
English / Arabic |
We have
performed the procedures prescribed in the Capital Market Authority (“CMA”)
Circular No. 16/2003 dated 29 December 2003 with respect to the Corporate
Governance Report of the Company (“the Report”) and its application of the
Corporate Governance practices in accordance with the CMA Code of Corporate
Governance (“the Code”) issued under Circular No. 11/2002 dated 3 June 2002
and the CMA Rules and Guidelines on disclosure, issued under CMA
Administrative Decision 5/2007, dated 27 June 2007. The Report is set out on
pages 1
Our engagement was undertaken in accordance with the International Standards on Auditing applicable to agreed-upon procedures engagements. The procedures were performed solely to assist you in evaluating the Company’s compliance with the Code as issued by the CMA.
We found the Report reflects, in all material respects, the Company’s application of the provisions of the Code and is free from any material misrepresentation.
Because the above procedures do not constitute either an audit or a review made in accordance with International Standards on Auditing, we do not express any assurance on the Company’s Corporate Governance Report. Had we performed additional procedures or had we performed an audit or review of this Report in accordance with International Standards on Auditing other matters might have come to our attention that would have been reported to you.
This report
is solely for the purpose set forth in the second paragraph above, and for
inclusion, with the Report, in the Company’s annual report, and is not to be
used for any other purpose. This report relates only to the Report included
in the Company’s annual report for the year ended
30 June 2009 KPMG |
