Estithmar Holding Q.P.S.C. announces that the Executive Management presented a study on one of the wholly-owned subsidiaries of Estithmar Holding Q.P.S.C. to purchase a property in the State of Qatar. The aforementioned study was supported with a valuation from accredited valuation firms in Qatar.
The study concluded that the purchase of the proposed property provides the company with an increase in the investment feasibility and also improves the company’s profitability and cash flow.
The Board of Directors discussed the feasibility of this offer submitted by the executive management, and accordingly, the Board of Directors, during its meeting convened on March 20, 2023, decided to include this item on the Annual Ordinary General Assembly meeting agenda to discuss and take the appropriate decision.