Agra AGM ends on high note

Agra’s strategic plan for the next three years and its financial performance were among the topics of discussion at its recently held annual general meeting (AGM) in Windhoek.The meeting, which took place in Windhoek at the Agra/Bank Windhoek Ring on 25 November, was well attended by the bank’s shareholders, board of directors and management. Agra chairman Ryno van der Merwe congratulated the bank on its financial performance for the 2021/2022 financial year and for recording a net profit before tax of more than N$100 million for the very first time. Van der Merwe also stressed the importance of successful leadership under the company’s CEO, Arnold Klein, who - according to him - has built a passionate and motivated team, driven by a culture of good values, dedication and ethics. He added that they have also implemented successful strategic projects during the financial year. According to Van der Merwe, despite numerous internal and external operational challenges in the agricultural sector, the Agra board and management team have a clear strategic plan for the next three years. GrowthMeanwhile, Klein said he is proud of Agra’s financial performance as it recorded a 10.4% growth in revenue for the group, with a turnover of N$1.997 billion for the previous financial year. “Over the past three years, Agra has consistently achieved substantial growth in both revenue and profits,” it said.Klein added that Agra’s net asset value has also increased steeply over the years. Shareholders often do not realise the full value of their Agra shares, he said.According to Agra, its share price showed significant growth of 34.4% for the previous financial year and, in addition, a dividend of 13.5 cents per ordinary share was approved.All special and ordinary resolutions were approved at the meeting. ElectionsTwo of Agra’s directors, Jesko Woermann and Bennie Amuenje, were re-elected to the Agra board. Marcel Lamprecht was appointed as the seventh director. “Lamprecht brings his wealth of experience and expertise in retail, wholesale and agriculture to the Agra board of directors,” the company said. The meeting also noted that general manager of finance Flip de Bruyn is retiring after 19 years. His replacement, Philip Maass, was introduced to those in attendance. He took up the position as of Thursday, 1 December.

Agra AGM ends on high note

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Republikein 2026-02-03

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Agra AGM ends on high note

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