The General Assembly of Salam International Investment Company Limited held its extraordinary meeting on Wednesday evening, 01/11/2023. The Assembly considered the items on its agenda and took the following decisions:
First: Restructuring the company’s ownership rights:
Restructuring the company’s ownership rights by writing off all of the company’s accumulated losses amounting to 161,840,172 Qatari riyals as of December 31, 2022 from the legal reserve balance of 477,675,924 Qatari riyals, based on the audited financial statements for the year ending on December 31, 2022.
Second: Delegation of the Board of Directors:
Authorizing the Board of Directors, Mr. Chairman of the Board of Directors or the CEO, to follow up on all regulatory requirements regarding the restructuring of equity interests, including, but not limited to, submitting applications, follow-up, and approval from the Ministry of Commerce and Industry, the Qatar Financial Markets Authority, the Ministry of Justice, and all Other regulatory bodies.