Dear Shareholders,
The Board of Directors of Estithmar Holding Q.P.S.C. is pleased to invite you to attend the Extraordinary General Assembly Meeting of the company, which will be held at 3:00 PM on Monday, January 27, 2025. The meeting will be held in person at the company's headquarters located at The Eighteen Tower, Lusail, 35th floor, and virtually for shareholders who wish to attend via video conference.
In case the legal quorum is not met, the alternative meeting of the Extraordinary General Assembly will be held at 3:00 PM on Wednesday, January 29, 2025, the meeting will be held in person at the company's headquarters located at The Eighteen Tower, Lusail, 35th floor, and virtually for shareholders who wish to attend via video conference.
Agenda of the Extraordinary General Assembly:
- Purchase of a property with title deed number (96053) by one of the subsidiaries of Estithmar Holding Q.P.S.C. ("The View Hospital W.L.L.") from related parties ("the transaction"). The payment will be partially in cash through a long-term loan and partially in kind by increasing the company's share capital via issuing new shares through a private placement. This item includes:
- Approval of the transaction and purchase of the property.
- Approval to obtain a long-term loan from Qatar National Bank and mortgage the property in favor of the bank.
- Approval to increase the company's share capital by QAR 618,000,000 (six hundred and eighteen million Qatari Riyals) and issue new shares in the name of the selling company (seller) through a private placement after following all legal procedures and obtaining all necessary approvals. Shareholders will waive their preemptive rights to subscribe in favor of others. The final price of the shares will be the nominal value (one Qatari Riyal) plus an issuance premium representing the difference between the nominal value of the share and the actual share price on the stock exchange closing date on the date of the Extraordinary General Assembly meeting, minus 25% of the total.
- Approval to amend Article 5 of the company's Articles of Association following the increase in the company's capital.
- Consideration of extending the sale period of related parties' shares to reduce ownership stakes in the company to less than 75% of the issued capital for 24 months from the date of the Extraordinary General Assembly's approval, in compliance with the applicable provisions of the Qatar Financial Markets Authority's merger and acquisition regulations.
- Consideration of amending Article 18 (regarding the amendment of the percentage of non-Qatari ownership in the company) of the company's Articles of Association.
Shareholders wishing to attend the meeting in person are requested to arrive at least two hours before the scheduled time to organize the attendance lists and the number of shares held by each shareholder.
To express the desire to attend the meeting, shareholders are requested to send the following information via email to [alphaqatar2020@gmail.com]:
- A copy of the QID card
- Mobile phone number
- Shareholder number (NIN)
- A copy of the proxy and supporting documents for representatives of individuals and companies
- Reference to the Extraordinary General Assembly of Estithmar Holding Q.P.S.C.
Shareholders who express their desire to attend will be provided with a link to attend the meeting virtually via video conference.
Attendees can discuss the agenda and direct questions to the Board of Directors or the auditor by writing questions or comments in the chat box during the meeting.
Regarding voting on the meeting agenda, shareholders should raise their hand if they object to the item being voted on. If no hand is raised, the shareholder is considered to have approved the item.
