ZaraAnnual-English2016

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BOARD OF DIRECTORS Sabih Taher Darwish Masri Chairman Khaled Sabih Taher Masri Vice-Chairman Kamil Abdel-Rahman Ibrahim Sadeddin Member/Representing Al Masira Investment Company Khaled Joma Miloud Ezarzor Member/Representing Libyan Foreign Investments Company Jamila Tawfiq Mahmoud Mahasneh Member/Representing Social Security Corporation Kamal Ghareeb Abdel-Rahim Al-Bakri Member/Representing Cairo Amman Bank Nawaf Abdel-Rahman Bin Ali Al-Turki Member from 14/12/2016 Abdel-Rahman Bin Ali Bin Abdel-Rahman Al-Turki Member till 6/9/2016 4
Yassin Khalil “Mohammad Yassin” Talhouni Member Nafez Saleh Odeh Mustafa Member Isam Halim Jeries Salfiti Member/Representing Bank Al Etihad Yazid Adnan Mustafa Mufti Member “Mohammad Osama” Jawdat sha’sha’a Member Haidar Izzat Rashid Touran Member/Representing Rama Investment & Saving Company Yassin Khalil “Mohammad Yassin” Talhouni General Manager from 1/6/2016 Lina Mazhar Hassan Annab General Manager till 31/5/2016 Ermest & Young External Auditors Ittqan Law Firm Legal Advisor / Wael Karaen Annual Report 2016 5
Page 1 and 2: Zara Investment (Holding) Company P
Page 3: CONTENTS 4 7 10 14 Names of members
Page 7 and 8: MESSAGE TO OUR SHAREHOLDERS Welcome
Page 9 and 10: On behalf of the board of directors
Page 11 and 12: NUMBER OF ROOMS IN FIVE-STAR HOTELS
Page 13 and 14: Annual Report 2016 13
Page 15 and 16: 2.B SUBSIDIARIES SUBSIDIARY PAID UP
Page 17 and 18: DOB DEGREE GRAD. DATE PROFESSION ME
Page 19 and 20: NAME POSITION Professional Experien
Page 22 and 23: COMPANY’S COMPETITIVE POSITION LA
Page 24 and 25: 9.B NUMBER OF COMPANY EMPLOYEES AND
Page 26: #Sustainable_Tourism_Jo shaumari.ad
Page 29 and 30: JORDAN HOTELS AND TOURISM COMPANY,
Page 31 and 32: AMMAN TOURISM INVESTMENT COMPANY, O
Page 33 and 34: RED SEA HOTELS COMPANY, OWNER OF M
Page 35 and 36: 12. FINANCIAL IMPACT OF NON-RECURRI
Page 37 and 38: Mövenpick Resort & Spa Dead Sea An
Page 39 and 40: Annual Report 2016 39
Page 41 and 42: 16. AUDIT FEES PAID BY THE COMPANY
Page 43 and 44: NUMBER OF SHARES AS OF NUMBER OF SH
Page 45 and 46: 18.A REMUNERATIONS OF THE CHAIRMAN
Page 47 and 48: COMPANY’S CONTRIBUTION TOWARDS EN
Page 49 and 50: 22. CORPORATE GOVERNANCE The Compan
Page 51 and 52: OUR SOURCE OF BUSINESS %8 %35 %57 O
Page 53 and 54: General Assembly Annual Meeting 201
Page 55 and 56:
INDEPENDENT AUDITOR’S REPORT To t
Page 57 and 58:
· Identify and assess the risks of
Page 59 and 60:
Notes 2016 2015 EQUITY AND LIABILIT
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ZARA INVESTMENT (HOLDING) COMPANY P
Page 63 and 64:
holders of the parent Cumulative ch
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Investing activities Notes 2016 201
Page 67 and 68:
liabilities of the subsidiary •De
Page 69 and 70:
Fair value Fair value is the price
Page 71 and 72:
The carrying values of deferred inc
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Machinery and equipment Furniture a
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Movements on projects in progress a
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8 Cumulative Change in Fair Value M
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As at 31 December, the aging of uni
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15 Long-Term Loans This item consis
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annual interest rate of 1.6% plus L
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19 Segment Information The primary
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2015 - Hotels Segment Other Segment
Page 89 and 90:
22 Non-controlling Interests This i
Page 91 and 92:
24 Basic and Diluted Earnings (Loss
Page 93 and 94:
Balances of related parties include
Page 95 and 96:
Oasis Hotels Co. LLC Zara Agricultu
Page 97 and 98:
Oasis Hotels Co. LLC Zara Agricultu
Page 99 and 100:
Credit risk Credit risk is the risk
Page 101 and 102:
IFRS 15 Revenue from Contracts with
Page 103:
Board Declarations 1. The Board of
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ZaraAnnual-English2016

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