We are gratified to inform you that the Board of Directors of Ezdan Holding Group has convened today, Wednesday, March 30, 2022, at 1:30 pm, where the following was unanimously approved:

1. Approval of the financial statements for the year ended on December 31, 2021 and rendering the recommendation to the Assembly General Meeting for approval.
2. The Board of Directors recommended to the AGM no dividends distribution for the financial year ended on December 31, 2021.
3. Submitting a recommendation to the AGM regarding the settlement of amounts due to SAK Holding Group in the developed real estate projects via partnership scheme in compliance with the decision of the AGM issued on 20/11/2013, by selecting the best valuations prepared by the approved valuation offices.
4. Submitting a recommendation to the Extraordinary and Ordinary General Assembly meetings to approve increasing the percentage of non-Qatari ownership in the Group’s share capital to 100% after obtaining all the necessary approvals from the competent authorities and completing obtaining the approval from the Cabinet in accordance with the provisions of Article (7) of Law no. (1) of 2019 On Regulating Non-Qatari Capital Investment in the Economic Activity.
5. Submitting a recommendation to the Extraordinary and Ordinary General Assembly meetings to approve the proposed amendments and additions to the articles of association of Ezdan Holding Group to comply with Law No. (8) of 2021 amending some provisions of the Commercial Companies Law promulgated by Law No. (11) of 2015 and Corporate Governance System No. (5) of 2016 (you can review Amendments to the Group’s website https://www.ezdanholding.qa)
6. Delegating the Chairman / or the Vice Chairman and / or whomever the Board delegates to sign the amended Articles of Association of the Group and complete the necessary procedures in this regard.
7.  Inviting the Ordinary General Assembly Meeting and the Extraordinary General Assembly Meeting of the Group to convene and approve their agendas.

Regards