Shareholders Rights
To Participate & Vote
- Shareholder may authorize another shareholder or others to attend on their behalf provided the proxy is not Chairman and Board member or employee of the Company. This shall not prejudice the right to authorize relatives of the first degree in accordance with special power of attorney recorded in writing to be prepared by the Company for this purpose. The proxy may not represent by this capacity in the General Meeting of the Company more than 5% of capital, and no member may participate in voting on his behalf or on behalf of his representative in the matters related to special direct utility or difference between the Company and him.
- Voting in the General Meeting shall be made by show of hands or any other means to be stated by the General Meeting, and voting shall be made by secret ballot if the decision is related to election or dismissal of Board members or institution of the claim of civil liability against them, or if so required by the Board or number of shareholders who represent one tenth the votes attending in the meeting.
- Every shareholder shall have the right to attend the Company’s General Meetings and shall have the right to vote in proportion to number of votes equal to the number of shares owned by him. Disqualified persons or those who lose qualification to attend shall be represented by their proxies by law.
International Payment Services B.S.C. (c)
Established in 2017, IPS is headquartered in Manama, Kingdom of Bahrain, and is Regulated & Licensed by CBB as an Ancillary Service Provider.