Mazaya General Assembly Approves Agenda and Okays Distribution of 5% Cash Dividend

April 17, 2019

Mazaya Qatar Real Estate Development Company announced the results of its Ordinary General Assembly meeting held on Tuesday 16 April 2019. The following was approved:

1.      Heard and approved the annual report of the Board of Directors on the company's activity and financial position during the financial year ended 31 December 2018 and the future plan.

2.      Heard and approved the report of the Shari'ah Supervisory Board.

3.      Heard and approved the auditors' report for the financial year ended 31 December 2018.

4.      Discussed and approved the Company's budget and profit and loss account for the fiscal year ended 31 December 2018.

5.      Approved the Board of Directors' recommendation to distribute 5% cash dividend to shareholders of QR 0.5 per share.

6.      Discharged the members of the Board of Directors for the financial year ended 31 December 2018

7.      Discussed and approved the Governance Report for the fiscal year ended 31 December 2018.

8.      Appointed Deloitte & Touche Auditors for the fiscal year 2019.

The extraordinary general meeting of the company was not held on Tuesday 16 April 2019 due to the lack of quorum. Therefore, another date will be set in coordination with the Ministry of Economy & Trade.