06-09-2020
Mazaya Qatar Board of Directors announced its invitation to the company’s shareholders to attend the extraordinary General Assembly Meeting which will convene on Sunday, 20 September 2020, at 04:30 pm through a conference video call in order to support the efforts for maintaining the social distancing and public health. The company noted that in the event this meeting will not accomplish a quorum, another alternative meeting will be held on Sunday, 27 Sept 2020 the same time.
As noticed by the company, shareholders willing to attend the meeting may send an email including the supportive docs, the mobile number for individual shareholders and copy of the authorization letter for corporate representatives to the following email address: ir@mazayaqatar.com
EGM Agenda
1. Listen to the Chairman’s presentation on the proposed deal which includes the purchase of six properties from Ariane Holding Co
2. Obtain EGM approval to enable the company enter in a large deal with related parties.
3. Obtain EGM approval on the agenda per article 26/3 of Corporate Governance Law as follows:
a. discuss and obtain approval from AGM to transfer properties to company’s name of subsidiaries.
b. Approve the value of the proposed properties
c. Approve obtaining financing from the local banks to finance the transaction
4. Authorize the Chairman or his delegate or the managing director to sign necessary documents and contracts related to finalizing the transaction. This includes signing of purchase of properties contracts, pledge contracts, credit facilities contracts, issuance of LGs on behalf of the company, maturity transfers and any other contracts, documents needed to sign off the deal. In addition the authorization of the said delegates to communicate and obtain approvals from all regulatory entities including Ministry of Commerce and industry, QFMA, QSE, Ministry of Justice and any other ministry or management.
P.S.
1. According to the Corporate Law No 11 of 2015, this invitation is considered a legal announcement to all shareholders without the need for sending invitations via post.
2. Individual shareholders not willing to attend may authorize other attending shareholders to represent them in the meeting provided they are not Board members and/or the represented share should not exceed 5% of the share capital. In the event of corporate shareholders, there must be an official authorization letter dully signed and stamped.
3. Dependents are represented by their legal representatives.