Category: Dlala News

Dlala Brokerage and Investment Holding announce that based on the approvals to implement the process of reducing company’s capital, the trading will be temporary suspended on Dlala’s share for one session on Thursday 20/10/2022 and will be resumed on Sunday 23/10/2022 with the new capital, as per the previous disclosure.

Suspension_of_trading_on _shares

The Board of Directors of Dlala Brokerage and Investment Holding will hold its meeting to discuss and approve the financial statements ending on September 30, 2022, after the end of trading on Thursday 27/10/2022.

 

Dlala Brokerage and Investment Holding Co. announces the results of its Board of Directors’ meeting held on 18/10/2022 and approved different resolutions regarding the operations in the subsidiary companies.

The Board of Directors of Dlala Brokerage and Investment Holding will hold its meeting on Tuesday 18/10/2022 to follow up on the progress of the company’s business.

DLALA Brokerage and Investment Holding announces completion of obtaining all the necessary approvals to implement the process of reducing the company capital, as per the resolution of the Extra Ordinary General Meeting (EGM) dated 27/04/2022 to reduce the capital of the company from QR 284,160,000 with percentage 33% that amounted QR 93,772,800 equal to 93,772,800 shares to be QR 190,387,200 equal to 190,387,200 shares on Sunday 23/10/2022.

The trading will be temporary suspended on Dlala’s share for one session on Thursday 20/10/2022 and will be resumed on Sunday 23/10/2022 with the new capital.

It’s worth noting that the formula for capital reduction shall be used as followed by Qatar Stock Exchange and other regulatory authorities.

Example:

• Shareholder owns 1000 shares as on the end of Wednesday 19/10/2022 with closing price QR 1.5.
• The shareholder will have as on the beginning of Sunday 23/10/2022 = 1000 -33%= 670 shares.
• The reference price on the beginning of Sunday 23/10/2022 will calculated as follows=
• (No. of shares before reduction x closing price) / No. of shares after reduction
• (284,160,000 x 1.5) / 190,387,200 = QR 2.24

Therefore the total price of shares owned by the shareholders before reduction will be as the same total reference price on the beginning of the trading session after the reduction.

Attached the Pro forma financial information before and after capital reduction

 

Signed_Dlala capital reduction impact report_Client

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Dlala Brokerage and Investment Holding disclosed its annual financial statements for the period ended on 31.12.2021. The statements shows that the net profit is QR 8.13 million Compared to net profit amounting to QR 6.57 million For the same period of the previous year.

Earning per share (EPS) amounted to QR 0.030 For the period ended December 31, 2021 to profit per share amounted to QR 0.024 for the same period of the previous year.

The board recommended to retain the earning.

 

* Net profit should not include minority right (if any)

Dlala Brokerage and Investment Holding Company decided to postpone the date of the Investor Relations conference call to discuss the financial statements for the year 2021 to be on Thursday 03/03/2022 at 1:30 pm Doha time.

Dlala Brokerage and Investment Holding Company decided to postpone the meeting of the Board of Directors to discuss and approve the financial statements for the period ending on December 31, 2021, to be on Wednesday 02/03/2022.

Dlala Brokerage and Investment Holding Co. announces that the conference call with the Investors to discuss the financial results for the Annual 2021 will be held on 28/02/2022 at 01:30 PM , Doha Time.