QEWC General Assembly Approves Agenda Items and the Distribution 77.50% in Cash Dividends

February 27, 2018

Qatar Electricity & Water Company (QEWC) announced the results of its Ordinary and Extraordinary General Assembly meetings held on 26/2/2018.

AGM Results:

Board of Directors report on the company's activities and financial position during the year ended 31/12/2017, and its future plans.

Auditors’ report on the company's budget for the fiscal year 2017.

Discussed and approved budget and profit and loss account for the year, and approved the distribution of 77.50% (seventy seven point fifty percent) of the nominal value of the share in cash dividends.

Adopted the Corporate Governance Report for 2017.

Relieved members of the Board of Directors from liability and approved their remuneration.

Appointed Ernst & Young as auditors for the company's financial year (2018) for a remuneration of QR340,000.

EGM Results:

Approved the amendment of the Articles of Association of the Company in accordance with QFMA's Board Decision No. (5) Of 2016. Concerning the Issuance of Governance Code for Companies and Legal Entities Listed on the Main Market.

Delegated the Chairman of the Board of Directors to make the amendments and take all necessary procedures with the competent authorities in this regard.