Category: Dlala News

Dlala Brokerage and Investment Holding Co. announces that the conference call with the Investors to discuss the financial results for the Semi-Annual 2024 will be held on 06/08/2024 at 01:00 PM , Doha Time.

The Board of Directors of Dlala Brokerage and Investment Holding Company will hold its meeting to disclose the financial statements ending on 30 June , 2024, after the end of trading on Monday, 5/08/2024.

Important notice: We would like to inform our dear customers that the technical problem related to the (electronic trading – Mobile trading) systems has been resolved as of 12:00 PM on 19/06/2024.

Important notice: We would like to alert our dear customers that there is a technical issue in the systems (electronic e-trading – mobile trading) and the defect is currently being corrected.

Dlala Brokerage and Investment Holding Co. announces the results of its Board of Directors’ meeting held on Monday03/06/2024 and approved Adopting some of internal policies and procedures and discuss the company’s operations.

With reference to the above topic, please be kindly informed that Dlala Brokerage and Investment Holding Company held its postponed Extraordinary General Assembly meeting on Monday evening on 06/03/2024 and approved the following agenda:

1. Approval of amending the bylaws by adding a clause allowing the Board of Directors to distribute interim dividends during the year in accordance with the Qatar Financial Markets Authority Board of Directors’ Resolution No. (7) of 2023 issuing controls for the distribution of dividends in joint-stock companies listed on the financial markets, after obtaining all necessary regulatory approvals.
2. Approval of amending Article No. (41) of the Articles of Association by adding a paragraph and appointment (Board members may be paid a lump sum if the company’s profits are not achieved, and in this case the approval of the General Assembly is required, and the Ministry may set limit for the higher amount) and that is noted. Attendance of the Qatar Financial Markets Authority dated 06/11/2023 issued No. H E/76/2023 specific method and determination of the remuneration for members of the Board of Directors, and Circular of the Department of Corporate Affairs at the Ministry of Commerce and Industry No. (2) dated 03/19/2024 In addition to determining the method of remuneration for members of the Board of Directors, Circular of the Department of Corporate Affairs at the Ministry of Commerce and Industry No. (2) starting from 03/19/2024 in addition to specifying the maximum amount only, after obtaining all necessary approvals.
3. Approval of the approval of the Chairman of the Board of Directors or his representative for all necessary procedures to amend and document the bylaws of private companies.

Dlala Brokerage and Investment Holding disclosed that that we have been informed by the external law firm that a decision has been issued in favor of Dlala Holding Company (Q.S.P.C.) in Grievance No. 1 of 2024 to reduce the financial penalty imposed on the company to the amount of 500 thousand Qatari riyals. Instead of the financial penalty issued by the Accounting Committee in Violation No. 05 of 2023 in the amount of 1 million Qatari riyals.

It should be noted that the decision of the Grievances Committee will not affect the company’s financial statements, as the company has already made a provision for it in previous financial years, In addition, the company will take steps to appeal the Grievances Committee’s decision to the competent Court of Appeal.

Dlala Brokerage and Investment Committee disclosed that we have been notified by our external law firm of the decision in Appeal No. 18 of 2024 upholding the financial penalty imposed on the company by the Accounting Committee in Violation No. 1 of 2023 in the amount of 500,000 Qatari Riyals.

It is worth noting that the decision of the Grievances Committee will not have an impact on the company’s financial statements as the company has already made a provision for it in previous financial years. In addition, the company will take steps to appeal the Grievances Committee’s decision to the competent Court of Appeal.

Dlala Brokerage and Investment Holding disclosed the interim financial statement for the three-month period ended March 31, 2024. The financial statements revealed a net loss QR 4.98 Million in comparison to net loss QR 2.4 Million For the same period of the previous year.

The loss per Share amounted to QR (0.026) as of March 31, 2024 compared to loss per share amounted to QR (0.012) for the same period of the previous year.

The meeting was held on 29/04/2024 and the following resolution were approved:

The EGM was postponed due to lack of a quorum, provided that the alternative date will be determined later upon confirmation with the Ministry of Commerce and Industry.

The AGM approved the following agenda:

1. Hearing the Board of Directors’ report on the company’s activity and financial position for the fiscal year ending on 31/12/2023 , and discussing and approving the company’s future plan for the year 2024 .
2. Hearing the auditor’s report on the financial statements for the year ending 01/31/2023 and approving it.
3. Discussing and approving the company’s general budget and profit and loss account for the financial year ending on 31/12/2023.
4. Approval of the Board of Directors’ proposal regarding the carryover of profits for the fiscal year ending on 31/12/2023 .
5. Discussing and approving the company’s governance report for the financial year ending 31/12/2023.
6. Hearing the auditor’s report on compliance with the laws and regulations of the Qatar Financial Markets Authority and other relevant legislation, including the corporate governance system for companies and legal entities listed on the main market, and on internal control controls over financial reports and their ratification.
7. Discharge the members of the Board of Directors from their liabilities for the fiscal year ending on 31/12/2023.
8. Appointing Mazars Company as the external auditor for the fiscal year 2024, and determining their fees