Resolutions endorsed by Ezdan Holding Group Annual General Meeting (AGM) and Extraordinary General Meeting (EGM)
With reference to the Annual General Assembly Meeting and the Extraordinary General Meeting of Ezdan Holding Group held on Thursday 28/4/2022 at 9:00 pm at
Ezdan Palace Hotel
, and remotely via ZOOM App; we are gratified to inform you that Ezdan Holding Group AGM has approved the following resolutions:
The report of the Board of Directors on the Company’s activities, financial position for the year ended 31 December 2021 and the future plan of the Company for 2022.
The report of the External Auditors on the Company’s Financial Statements for the year ended 31 December 2021.
The financial position and statement for profit or loss statement of the Group for the year ended 31 December 2021
BOD’s recommendation of no dividend payout.
The Corporate’s Governance Report for 2021
The auditors’ report on the requirements of Article (24) of the Governance Code for Companies and Legal Entities Listed on the Main Market, issued pursuant to Qatar Financial Markets Authority Resolution No. (5)/2016.
Discharge the liability of the members of the Board of Directors for the financial year ended 31/12/2021, and no bonus for members of Board of Directors due to no dividend payout
To elect a new Board Members for a period of three years (2022 -2024)
List of Non-Independent:
Sheikh Thani bin Abdullah Thani Al Thani- representing of Al Sarh Business Company
DR. Sheikh. Khaled Bin Thani Al- Thani representing of Imtilak Trading & Contracting and Property Investment Company
Sheikh Mohammed Bin Thani Al Thani– representing of Shasii Trading and Property Investment Company.
Sheikh Khalifa Thani Abdullah Al Thani - representing of Tadawul Trading Group
List of Independent:
Mr. Ayedh Dabsan E A Al-Qahtani.
Mr. Walid Ahmed Ibrahim Al-Saadi.
Mr. Amr Shafiq Mustafa Omar Ajoura.
Approval of the settlement of the dues to Sak Holding Group in the projects developed through the partnership, in which the decision of the General Assembly was issued in its meeting on 20/11/2013, according to the average of the three valuations prepared with amount of 1,471,336,547 Qatari riyals and those dues be paid in cash or in kind. And authorizing the Chairman of the Board of Directors, the Vice Chairman and the Managing Director individually to execute contracts regarding the payment of in-kind dues and the execution of the final settlement.
Appointing MAZARS Company as an External Auditor for the Company (For the year 2022) with annual fees of QR 800,000
Second: Resolutions endorsed by Ezdan Holding Group Extraordinary General Meeting EGM
Approval of increasing the percentage of non-Qatari ownership in the Group’s capital to 100% after obtaining all the necessary approvals from the competent authorities and completing obtaining the approval of the BOD in accordance with the provisions of Law no. (1) of 2019 On Regulating Non-Qatari Capital Investment in the Economic Activity.
Approval of 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 (attached).
Authorizing the Chairman of the Board of Directors / or the Vice Chairman and / or whomever the Board delegates to sign the amended Articles of Association of Ezdan Holding Group and commence the necessary procedures in this regard.