Rustam Minnikhanov takes part in annual general meeting of shareholders of OAO “TAIF”

On April 30, Tatarstan President Rustam Minnikhanov took part in an annual general meeting of shareholders of OAO “TAIF”, at which results of the group of companies “TAIF” and OAO “TAIF” activity in 2013 were summed up.

Making a keynote report at the meeting, Director General of OAO “TAIF” Albert Shigabutdinov said that the group’s balanced income made 443 billion roubles in 2013, with EBITDA amounting to 57 billion roubles, net profit – to 35 billion roubles. The company paid 79 billion roubles of taxes and duties to budgets of different levels and extra-budgetary funds, which is 16 per cent higher than last year.

The shareholders approved the annual statement, annual accounting reports, including income statement and the distribution of profit for the fiscal year of 2013. Moreover, a new Board of Directors of OAO “TAIF” was elected.

After the meeting of shareholders, a meeting of the new Board of Directors was held. Rustem Sulteev was re-elected as Board Chairman of OAO "TAIF". Albert Shigaboutdinov was re-elected as Director General of OAO "TAIF" for the next five-year term.

A press conference for media representatives was held afterwards. In particular, Board Chairman of OAO "TAIF" Rustem Sulteev reported that the new Board of Directors of 10 board members was approved.