OREANDA-NEWS. Ezdan Holding Group held its Ordinary and Extraordinary General Assembly meeting on April 11, 2016, , where the following resolutions have been taken:

First - The decision of the Ordinary General Meeting of Ezdan Holding Group:

1-       Approval of the report of the Board of Directors on the group activities and financial position for the year ended 31/12/2015 and to display the future plan of the Group for the year 2016.

2-       Approval of the auditors'''' report on the Group’s financial statements presented for the year ended 12/31/2015.

3-       Approval of the financial for the annual Financial Statement and the profit and loss statement for the financial year ended 31/12/2015 and validate of it.

4-       Approval of the recommendation of the Board of Directors on the distribution of cash dividends (5%), equivalent to (50 dirhams per share).

5-       Approval of the Absolve the Board of Directors for the financial year ended31/12/2015 and fixing their remuneration.

6-       Approval of the report Corporate Governance for the Group for 2015 and adopted.

7-       Approve the appointment of Ernst & Young Office, to audit the accounts of the group for the year 2016 and determine their remuneration with amount of (QR 1,100,000).

8-       Election of members of the Board of Directors for coming three years, for the period from the year 2016 until the year 2019 , The result of the vote resulted as follow:

-          Al-Nebras Company for business and real estate, will be represented by HE Sheikh / Dr. Khalid bin Thani bin Abdullah Al-Thani.

-          Al Wefaq Engineering and Contracting, and will be represented by HE Sheikh / Abdullah Bin Thani  bin Abdullah Al Thani.

-          Dar Al Arab, will be represented by Mr. / Walid Ahmed al-Saadi.

-          Dar Alshraq, and it will be represented by HE Sheikh / Mohammed Bin Thani Bin Abdullah Al-Thani.

-          Waqef of Sheikh / Thani bin Abdullah Al Thani and will be represented by Mr. / Mr. Ali Abdulrahman Alsid al-Hashemi.

-          Al-Sareh for Business Company, and it will be represented by HE Sheikh / Khalifa Bin Thani Bin Abdullah Al-Thani.

-          Qaser Alshareq real estate Development Company, and it will be represented by HE Sheikh / Abdullah bin Khaled Al Thani.

-          Azyan for Building Materials Trading Company will be represented by HE Sheikh / Turki bin Khaled bin Thani Al-Thani.

-          Siraj Doha Trading Company, will provide you with the name of its representative later.

-          Al-Warraq Press Inc., will provide you with the name of its representative later.

-          Fasel or business and real estate Company, will provide you with the name of its representative later.

9-       Approval of the recommendation of the Board of Directors to issue Sukuk compatible with Shariah amounting to (two billion US dollars) or the equivalent in other currencies, either in part or several parts, through a single issue or a series of versions, at the times and durations and arrangements and conditions determined by the Board of Directors, and authorize the Board of Directors to take all necessary measures for the issuance of those instruments and to obtain the necessary approvals from the competent authorities and the conclusion of all relevant and provide appropriate safeguards and sign any documents relevant conventions procedures.

Second - The decision of the Extra Ordinary General Meeting of Ezdan Holding Group:

Approve the amendment of the Group’s Article of Association to reconcile the group conditions in accordance with the provisions of the new Companies Act No. 11 of 2015 and the adoption of the standardized form of the Article of Association for public stock companies issued by the Ministry of Economy & Trade, and authorize the Chairman or Vice-Chairman of the Board or a person authorized by the Board to sign the amended Article of Association and complete necessary procedures in this regard.