The AGM was chaired by the Company’s Vice Chairman, Entisar Abdul Raheem Al-Suwaidi, who began discussing the Board of Director’s report by highlighting that 2020 was a historic year led by the unprecedented spread of the coronavirus that affected life and markets across the world. Global economies witnessed the deepest recession since the second world war, resulting in high levels of unemployment. Financial markets around the globe were at their multi-year lows at the peak of the pandemic during Q2-2020 with crude oil sliding to its lowest level in at least three decades.