21/04/2025
Ezdan Holding Group announces the results of the AGM and EGM. The meeting was held on 20/04/2025 and the following resolution were approved
First: Resolutions of the Ordinary General Assembly for the Financial Year Ended 31/12/2024:
1- Approval of the Board of Directors’ report on the Group’s activities and financial position for the year ended 31/12/2024, as well as the Group’s future plan for 2025.
2- Approval of the external auditor’s report on the company’s balance sheet and financial position for the year ended 31/12/2024.
3- Approval of the Group’s annual balance sheet and profit and loss account for the financial year ended 31/12/2024.
4- Approval of the Board of Directors’ recommendation not to distribute cash dividends to shareholders.
5- Approval of the Group’s 2024 Corporate Governance Report.
6- Approval of the auditor’s report concerning the requirements of Article (24) of the Corporate Governance and Legal Entities System listed on the Main Market issued under QFMA Decision No. (5) of 2016.
7- Approval of discharging the Board members from liability for the financial year ended 31/12/2024 and not granting them bonuses due to the non-distribution of profits.
8- Adoption of the remuneration policy in accordance with Article (8) of the Corporate Governance System for listed companies.
9- Approval of the sale of Ezdan Compound 40 to the buyer Faseel Business & Real Estate, owned by the endowment of Sheikh Thani bin Abdullah Al Thani, based on the highest valuation by accredited valuers, for an amount of QAR 414,540,000 (four hundred and fourteen million, five hundred and forty thousand Qatari riyals).
10- Election of seven (7) members to the Board of Directors for the next three years (2025–2027), as follows:
Non-independent category winners:
- Kayan Business and Investment Company, represented by H.E. Sheikh Thani Abdullah Thani Jassim Al Thani
- Emtlak Trading, Contracting, and Real Estate Investment Company, represented by H.E. Sheikh Mohammed Thani Abdullah Thani Al Thani
- Tadawul Trading Group, represented by H.E. Sheikh Khalifa Thani Abdullah Thani Al Thani
- Shasa Trading and Real Estate Investment Company, represented by H.E. Sheikh Abdullah Thani Abdullah Thani Al Thani
Independent category winners:
- Mr. Amr Shafik Mostafa Omar Ajoura
- Mr. Ayed Dabsan Al-Qahtani
- Mr. Osama Ibrahim Mohamed Farag
11. Approval of the appointment of Forvis Mazars as the external auditor for the Group for the financial year 2025.
Second: Resolutions of the Extraordinary General Assembly:
1- Approval of the amendment of the first paragraph of Article (43) of the Group’s Articles of Association to allow the distribution of interim dividends to shareholders during the year by adding the following phrase:
2- The Board of Directors may distribute interim dividends during the year, and may also adopt any other method for profit distribution as permitted by law.”
3- Approval of the amendment of Article (2) of the Group’s Articles of Association to include the activity of real estate buying and selling.
Authorisation of the Chairman or his deputy to sign the amended Articles of Association before the official authorities, in line with the resolution of the Extraordinary General Assembly and to complete the necessary legal procedures in this regard.