Category: Dlala News

Dlala Brokerage and Investment Holding Co. discloses the judgment in the lawsuit no 504-505/2024 .

With the issuance of two judicial rulings on 25/09/2024 in the administrative appeals filed by Dlala Holding Company (S.A.Q.C.) No. 504 and 505 of 2024, the two lawsuits were rejected and the appealed decisions were upheld.

It is worth noting that the subject of the two appeals relates to grievances No. 18 of 2023 and No. 1 of 2024, which were disclosed on 02/06/2024.

We would also like to note that the issued rulings will not affect the company’s financial statements, as the company had previously reserved a provision for them in previous fiscal years.

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.