Mekdam Holding Group announced the invitation of the Extraordinary General Assembly to convene on 06/11/2023, St. Regis Doha Hotel at 04:00 pm, and in the event that the quorum is not complete, the alternative meeting will be held on 06/18/2023, St. Regis Doha Hotel At 04:00 PM.
1- Considering and approving an increase in the group’s capital by 40% (from 75 million Qatari riyals to 105 million Qatari riyals) by offering 30 million ordinary shares for private subscription to the shareholders of Mekdam Holding Group and those who have rights to subscribe to the shares by (2) two shares For every (5) five shares owned (hereinafter referred to as “subscription rights”) in accordance with the provisions of the Commercial Companies Law No. (11) of 2015 amended by Law No. 8 of 2021 and the Offering and Listing of Securities Regulations and the Rights Issue Trading System issued by the Qatar Markets Authority Finance. The price of the new shares will be (2.51) Qatari riyals (1 Qatari riyal nominal value plus 1.51 Qatari riyals issuance premium) for each share. The issuance premium includes the offering fee, which will not exceed 1% of the value of the subscribed shares. Provided that the group obtains the necessary approvals from the regulatory and competent authorities during and upon completion of the procedures.
2- Considering and approving the mechanism for trading the subscription rights granted to the shareholders of the group in accordance with the provisions of Article (195) of the Commercial Companies Law No. (11) of 2015 amended by Law No. 8 of 2021 and the system of offering and listing of securities and the system of trading of subscription rights issued by the Qatar Financial Markets Authority
3- Considering and approving the authorization of the Chairman of the Board of Directors to set a date and announce the start and end of periods for trading rights issue and subscription to new shares and all information according to the applicable laws and regulations.