Category: Dlala News

The Appeal Court issued its judgement in Case No. 1169/2022, filed by Dlala Brokerage Company, a subsidiary of Dlala Holding Company, against one of its clients, corroboration the judgement of the primary Court, which ruled that the defendant pay to Dlala Brokerage Company an amount of (2,961,611) in addition to (300,000) thousand Qatari riyals as compensation for the damage

Dlala Brokerage and Investment Holding announced that the board of directors has accepted the resignation of the chairman of the board Mr. Abdullah Jasim Al Darwish and the board elected Mr. Yousef Abdulrahman Alkhailifi as a Chairman of the Board and Mr. Farhoud Hadi Al Hajri as the Vice Chairman.

Dlala Brokerage and Investment Holding disclosed its financial statements for the period ended on 30.09.2022 The statements show that the net profit is QR 1,884 Million Compared to net profit amounting to QR 12,020 Million For the same period of the previous year.

The Earning per Share (EPS) amounted to QR 0.007 For the period ended September 30, 2022 to EPS amounted to QR 0.042 for the same period of the previous year.

Dlala Brokerage and Investment Holding announces that the conference call with the Investors to discuss the financial results for the 3rd quarter 2022 on Monday 31/10/2022 at 11:30 am.

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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