Dlala Holding Holds Its EGM on 28/11/2017

November 12, 2017

Dlala Brokerage and Investment Holding announces its call to convene its Extraordinary General Meeting (EGM) on Tuesday, 28/11/2017 at 4:30 pm at Mövenpick Al Aziziya, Should quorum not be met, the second meeting will be on Tuesday 05/12/2017 the same time and place. The meeting will consider and approve the items on the following agenda:-

1.      Approval to amend the Article (28) of AOA to comply with article (6) of Corporate Governance Regulations issued by Qatar Financial Markets Authority by adding the following sentence “At least one-third of the Board Members shall be Independent Board Members, the majority of the Board members shall be Non-Executive Board Members; and a seat or more of seats may be allocated to represent the Minority and another to represent the Company employees”

2.      Approval to amend the Article (29) of AOA to comply with article (5) of Corporate Governance Regulations issued by Qatar Financial Markets Authority by adding the following sentence “not to be convicted with a crime mentioned in article 40 of Law No. 8 of 2012 of QFMA or prohibited by QFMA to have a post at regulated entities as per article 35 clause 12 of same law”.

3.      Approval to amend the Article (33) of AOA to comply with article (10) of Corporate Governance Regulations issued by Qatar Financial Markets Authority by adding the following sentence “ the board can delegate its committees to do some of its responsibilities and can form a special committee to some of its responsibilities “

4.      Approval to amend Article (56) of the Article of Association to comply with the corporate governance code, especially Article (37), by adding an article to protect the minority shareholders rights and the mechanism used.