The Extraordinary General Assembly Meeting of Investment Holding Group Q.P.S.C “IHG” approved the following resolutions at its meeting held Sunday 29th May 2022 :

Extraordinary General Assembly resolutions:

 

·       Authorizing to the Board of Directors to approve on behalf of Investment Holding Group Q.P.S.C and any of its subsidiaries to conclude loan contracts (financing and/or unfunded facilities) from banks from inside and outside Qatar for a period of more than three years and under conditions deemed appropriate by the Board for the benefit of the Group and subsidiaries.

·       Authorized the Chairman and Vice Chairman of the Board of Directors alone or collectively to sign on behalf of Investment Holding Group Q.P.S.C. and any of its subsidiaries to sign loan contracts and solidarity guarantees from Investment Holding Group Q.P.S.C. and security contracts/support for the banking facilities granted to the Group or any of its subsidiaries from banks from and outside Qatar, even exceeding its deadlines of three years.

Unanimity of those present voted to add the item and submit it for discussion by the extraordinary General Assembly.

The following decisions were taken:

1-    The amendment of article 1 of the Articles of Association to change the company’s name to be “Estithmar Holding Q.P.S.C” in English and the same in Arabic " استثمار القابضة ش.م.ع.ق". The extraordinary General Assembly approved the trademark modification accordingly.

The General Assembly also authorized the Chairman of the Board of Directors to sign the amended AOA and complete the formalities necessary to document and record the amendment to the company's AOA and register the new brand.

2-    Designate the Chairman of IHG or any person he designates to take any action as may be necessary to implement the above resolution including, without limitation, to apply for a resolution of the MOCI and the QFMA to amend its Articles of Association, and to attend before the Ministry of Justice, the MOCI and any other competent authority in the State of Qatar and submit and/or sign any necessary documents to effect such amendments

3-     

·       Authorizing to the Board of Directors to approve on behalf of Investment Holding Group Q.P.S.C and any of its subsidiaries to conclude loan contracts (financing and/or unfunded facilities) from banks from inside and outside Qatar for a period of more than three years and under conditions deemed appropriate by the Board for the benefit of the Group and subsidiaries.

·       Authorized the Chairman and Vice Chairman of the Board of Directors alone or collectively to sign on behalf of Investment Holding Group Q.P.S.C. and any of its subsidiaries to sign loan contracts and solidarity guarantees from Investment Holding Group Q.P.S.C. and security contracts/support for the banking facilities granted to the Group or any of its subsidiaries from banks from and outside Qatar, even exceeding its deadlines of three years.

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