OREANDA-NEWS. Mazaya Qatar Real Estate Development Company announces the results of the Extra Ordinary General Assembly meeting held on Monday, April 27, 2015 and approved the following :

Item 1: To approve the increase of the company’s capital by the amount of the bonus shares approved by Ordinary General Assembly resolution, equivalent to 5% amounting to 5 Million shares, so that the company’s capital shall become QR 1,050,000,000, distributed at 105 Million shares.
 
Item 2: To amend Article 7 of the company’s article of  association and Article 6 of the company’s memorandum of association to reflect the capital increase, and authorize the Board of Directors to take all necessary related actions.

Item 3: To authorize the board of directors to act with the shares fracture.