Ezdan Holding AGM Endorses Items On Its Agenda

August 14, 2017

Ezdan Holding Group held its Ordinary General Assembly meeting on Sunday 13/8/2017, as follows:

1-      Approval of the payment of the receivables of SAK Group Holding Company as a partial settlement of the properties that were developed in place of the partnership and the previous development approved by the resolution of the General Assembly held on 20-11-2013, and that the payment of these dues in cash or in kind according to the evaluation of the Office of Expertise that was appointed by the General Assembly. The General Assembly authorized the Board of Directors to pay the dues and conclude the contracts on payment of the dues, provided that, the ownership of the developed properties is the exclusive property of Ezdan Holding Company.

2-      Emphasize the continuation of the partnership with SAK Holding Group in the development of the rest of the spaces in accordance with the terms and conditions of the General Assembly resolutions held on 20-11-2013 and the partnership and development contract concluded on 1-1-2014.