28/01/2025
Mekdam Holding Group announces that the General Assembly Meeting AGM and EGM will be held on 23/03/2025, Rixos Gulf Hotel and 10:00 PM. In case of not completing the legal quorum, the second meeting will be held on 09/04/2025, Rixos Gulf Hotel and 04:00 PM
Agenda of the AGM:
1. Hearing and ratifying the Board of Directors’ Report on the company's activities and financial position during the fiscal year ended 31-12-2024 and its future plan.
2. Hearing and ratifying the report of external auditors for the fiscal year ended 31-12-2024.
3. Hearing and ratifying the audited financial statements for the fiscal year ended 31-12-2024.
4. Approval of the Board of Directors’ recommendation for the proposed dividend distribution to shareholders in the form of bonus shares. It will be distributed to shareholders at a rate of 5 shares for every 27 shares (i.e. approximately equivalent to 0.185 shares per share).
5. Consider releasing board of directors from any liability and approving their remuneration for the financial year ending on 31-12-2024.
6. Approving the auditor's report on the requirements of Article (24) of the Corporate Governance Regulations issued by the Qatar Financial Markets Authority.
7. Discussing and approving the company's governance report.
8. Electing a member to the Board of Directors for a one-year term to fulfill the remaining duration of the inaugural founding Board's term.
9. Appointing the external auditors for the fiscal year 2025 and determining their fees.
Agenda of the EGM
1. Discussing and approving the amendments to the company’s Articles of Association in accordance with the proposal of the Board of Directors to increase the company’s capital by QAR 25.0 million to become QAR 160.0 million instead of QAR 135.0 million by taking the following measures:
A) Transfer an amount of QAR 25.0 million from retained earnings to the capital.
B) Allocate the fractional shares resulting from the distribution process in the name of Mekdam Holding Group, to be sold later and donated to a charitable organization.
2. To authorize the Chairman of the Board, Sheikh Mohamad bin Nawaf bin Nasser bin Khalid Al Thani, to sign the amended articles of association and to make any amendments to the Articles of Association that he may deem necessary in this regard. Documents or applications to obtain all the necessary approvals from the Corporate Affairs Department of the Ministry of Commerce and Industry, the Qatar Financial Markets Authority and any other department or ministry. The Chairman of the Board of Directors also has the right to authorize other persons to take the necessary steps to complete the approval of the amended Articles of Association and its registration with the competent authorities.