Mazaya Qatar Holds AGM and Postpones EGM

Mazaya Qatar Real Estate Development released the resolutions of the company’s Ordinary General Assembly meeting that was held on Monday, April 23, 2018. The following was approved:

Item 1: Hearing the Board of Director’s Report on the activities of the company and its financial position for the financial year ending December 31, 2017 as well as to discuss the company’s future plans.

Item 2: Hearing the Sharia’a Supervisory Board report.

Item 3: Hearing and approving the auditors’ report for the year ending December 31, 2017.

Item 4: Discussing and approving the company’s balance sheet and profit & loss statement for the year ending December 31, 2017.

Item 5: Absolving the members of the Board Directors of any liability for the financial year ending December 31, 2017

Item 6: Discussing and approving the company’s Governance Report for the year ending December31, 2017.

Item 7: Appointing the Auditors for the 2018 financial year, and fix their fees.

Accordingly, all the items mentioned above have been approved.

It was approved to appoint Ernst & Young as the auditors for the year 2018.

The Extra Ordinary General Assembly meeting for Mazaya Qatar was not held on Monday, April 23, 2018 for the non-availability of the required quorum. We will inform you with the new date and time.