Investment Holding EGM Approves Acquisition
of Remaining Shares In Consolidated Engineering Systems Co.
August 09, 2018
Investment Holding Group announced the results of its Extra
Ordinary General Assembly meeting held on 8/8/2018, which
approved the following resolutions:
1.
The Purchase
of the remaining shares (39.6%) in Consolidated Engineering
Systems w.l.l, on a cash basis.
2.
Authorizing
Board of Directors to take a bank loan of an amount of one
hundred million Qatari Riyals to pay a part of the value of the
proposed shares.
3.
Mandating
Chairman, singly, or, any two of the board members, jointly, to
sign on the official procedures necessary for the execution of
the purchase, including signing and authenticating the purchase
agreements, signing the extraordinary general assemblies of the
company purchasing or being purchased, amendments to the
articles of association, bank loan, and all necessary
procedures.
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