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Finance & Accounting
Pages 9 (2259 words)
LETTER TO STOCKHOLDERS
1. There are two letters that have been written by the Chairman and the Chief Executive Officer (CEO) of Zain Group addressing the shareholders belonging to the company.
Scott Gegenheimer holds the title of CEO of the Group (Zain, “Believing in the Power of Dreams, Annual Report 2012”). 2. The two letters have been written by the Chairman and the CEO of the Group basically addressing the shareholders. The basic message in the letters comprises assisting the shareholders to know about the broad operations of the company throughout the year with the deliverance of certain useful information. These encompass short description of the financial results, business practices, marketing strategies, current position in the operating business markets, future goals and most importantly its rise in profitability from the preceding few years, making a greater appeal to its current and potential shareholders (Zain, “Believing in the Power of Dreams, Annual Report 2012”). 3. Letter from the Chairman. In this letter, the first paragraph depicts a short description about the challenges faced by the company throughout the financial year 2012. Additionally, this section explains the changes in the external as well as the internal environment and how the company addressed those challenges with the adoption of few developmental based projects and effective business policies. The next part of this letter explains the operational results of the Group including net income, earning per share and consolidated revenue with relevant data. ...
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