Dlala EGM Approves Its Agenda Items

April 10, 2019

Dlala Brokerage and Investment Holding announced the results of its Extraordinary General Assembly meeting which was held on 9/4/2019, the following has been approved:

1-      Amend Articles of the company’s Articles of Association pursuant to QFMA Board decision of its 4th meeting of 2018 held on 16/12/2018 on amending the nominal value of the shares of the companies listed on the main market and the secondary market in Qatar to become one (1) Qatari Riyal.

2-      Amend the company’s Article of Association to comply with QFMA corporate Governance Code Article 9 Clause 6 about The Board shall not enter into loans that span more than three years.

3-      Increase ownership limit per shareholder from 5% to 10% after approval from all related authorities.

4-      Increase non Qataris ownership to be 49%.

5-      Authorizing the Board of Directors to implement the above additions and amendments to the Article of Association accordingly.