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Disclose the financial statements for Quarter 3 of 2024

Dlala Brokerage and Investment Holding Co. discloses the interim financial statement for the nine-month period ending 30th September , 2024 . The financial statements revealed a Net Loss of QR 721,000 in comparison to Net Loss QR 4,601,000 for the same period of the previous year.

The loss per share amounted to QR 0.004 as of 30th September , 2024versus loss per share QR 0.024 for the same period in 2024 .

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Discloses the judgment in the lawsuit In two administrative appeals

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.

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Results of the postponed extraordinary general assembly meeting

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.
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Disclosure of the decision of the Grievances Committee of the Qatar Financial Markets Authority

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.