BALADNA PARTNERS WITH INTER PLASTIC TO PROCURE PACKAGING MATERIALPARTNERSHIP UNDERSCORES BALADNA’S COMMITMENT TO PROMOTING AND STRENGTHENING LOCAL SUPPLY CHAINS AND IN COUNTRY VALUE

Baladna has signed a memorandum of cooperation (MoC) with Inter Plastic, one of the leading plastic packaging factories in Qatar, to supply plastic packaging material.

The agreement aims to enable Baladna to procure high-quality plastic packaging solutions that meet international standards and are locally manufactured.

The MoC was signed by Mr. Piet Hilarides, Chief Executive Officer, and Mr. Hamad Thamer Mohammed Jassim Al Thani, Chairman of Inter Plastic. The signing ceremony was held at Baladna premises in Al Khour on Thursday, 3 March 2022, in the presence of executives from both companies.

The partnership is in line with Baladna’s ongoing commitment to contributing to greater economic and industrial integration and interdependence between Qatari companies. The company places importance on economic multipliers such as the collaboration with the local manufacturer to increase in-country value.

Commenting on the memorandum, Mr. Piet Hilarides, Chief Executive Officer, said: “As a company that contributes to achieving food self-sufficiency in Qatar, Baladna has a keen focus on promoting the development of local content and strengthening local supply chains. Our strategic supply chain program relies on procurement of raw materials and services from local suppliers that meet quality and safety standards. We hope that our partnership with Inter Plastic will help us further these objectives.”

For his part, Mr. Hamad Thamer Mohammed Jassim Al Thani, Chairman of Inter Plastic, said: “We are pleased to collaborate with Baladna and support its efforts contributing to a self-reliant food sector in Qatar. Through our products that are designed at the highest quality and production efficiency, we will contribute to our partner’s successes.”

 

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Investment Holding Group: Board of directors meeting results

Investment Holding Group announces the results of its Board of Directors’ meeting held on 06/03/2022 and approved

1.    Reviewed the Consolidated Financial Statements for the year ended 31 December 2021 and recommended to the General Assembly to approve it.

2.    Recommended to the General Assembly about the dividend distribution for the financial year 2021.

3.    Call the Ordinary General Assembly to convene and determine its agenda, after obtaining the necessary approvals, as follows:

a.      Review and approve the Board of Directors’ report about the Company’s activities, financial position during the year ended 31 December 2021, and the auditor’s report.

b.     Review and approve the Balance Sheet statement and Profit or Loss statement.

c.      Review and approve the Governance Report.

d.     Review the Board of Director’s recommendation about the dividends distribution for the financial year 2021.

e.      Review discharging the members of the Board of Directors and determine their remunerations.

f.      Review the offers of appointing Auditors and their remuneration.

Investment Holding Group : Disclose the Annual financial statement of 2021

Investment Holding Group discloses the interim financial statement for the twelve-month period ending 31st December , 2021 . The financial statements revealed a Net Profit of QR 26,324,660 in comparison to Net Profit QR 23,364,721 for the same period of the previous year.

The Earnings per share(EPS) amounted to QR 0.032 as of 31st December , 2021 versus Earnings per share(EPS) QR 0.028 for the same period in 2020.

In addition to the proposed dividend distribution-

Industries Qatar : The AGM and EGM Endorses items on it’s agenda

Industries Qatar announces the results of the AGM and EGM. The meeting was held on 03/03/2022 and the following resolution were approved

 

The agenda of the Ordinary General Assembly Meeting is:

1.     Listened to the H.E. Chairman’s Message for the financial year ended 31 December 2021.

2.     Approved the Board of Directors’ Report on IQ’s operations and financial performance for the financial year ended 31 December 2021 and the future plan of the Company.

3.     Approved the Auditor’s Report on IQ’s consolidated financial statements for the financial year ended 31 December 2021.

4.     Approved of IQ’s consolidated financial statements for the financial year ended 31 December 2021.

5.     Approved the 2021 Corporate Governance Report.

6.     Approved the Board’s recommendation for a dividend payment of QR 1 per share for 2021, representing 100% of the nominal share value.

7.     Absolved the Board of Directors from liability for the financial year ended 31 December 2021 and fixed their remuneration.

8.     Appointment of Deloitte & Touche as the external auditor for the financial year ending 31 December 2022 and approved their fees.

The agenda of the Extraordinary General Assembly Meeting is:

1.     The Extraordinary General Assembly (EGM) has approved the proposed amendments to the Company’s Articles of Association. These amendments ensure compliance with certain provisions of both Law no. 11 of 2015, promulgating the Commercial Companies Law as amended by Law no. 8 of 2021, and QFMA Governance Code. The EGM has also approved an amendment to increase the non-Qatari ownership limit in the Company’s share capital from 49% to 100%, ensuring that all relevant requirements are fully met.

 

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Qatar General Insurance & Reinsurance Co. discloses the annual financial statements of 2021

Qatar General Insurance & Reinsurance Company announces the annual financial statements for the twelve-month period ending 31 December 2021, the financial statements revealed a net profit of QR 98,734,000 in comparison to net profit QR 130,852,000 for the same period of the previous year.

The Earnings Per Share (EPS) amounted to QR 0.113 as of 31 December 2021, versus Earnings Per Share QR 0.150 for the same period of the previous year.

 

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Qatar Oman Investment Company : Disclose the Annual financial statement of 2021

Qatar Oman Investment Company discloses the interim financial statement for the twelve-month period ending 31st December , 2021 . The financial statements revealed a Net Profit of QR 4,995,523 in comparison to Net Profit QR 6,703,292 for the same period of the previous year.

The Earnings per share(EPS) amounted to QR 0.016 as of 31st December , 2021 versus Earnings per share(EPS) QR 0.021 for the same period in 2020.

In addition to the proposed dividend distributionCash Dividends 0.01

 

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Qatar Oman Investment Company: Holds it’s AGM and EGM on 28/03/2022 for 2021

Qatar Oman Investment Company announces that the General Assembly Meeting AGM and EGM will be held on 28/03/2022, Our Office and 06:30 PM. In case of not completing the legal quorum, the second meeting will be held on 05/04/2022, Our Office and 09:30 PM

 

Agenda of the Ordinary General Assembly meeting

1- Chairman speech and Board of Directors report about the company’s activities and its financial position ended December 31, 2021 and future plan of the company and approving it.

2- Report by the External Auditor and approving it.

3- Discussion and approving on Audited financial statement and profit and   loss for the year ended December 31, 2021

4- Discussion and approving the report of Corporate Governance for 2021.

5- approved of the distribution of 1% cash dividends which representing 1 Dirhams per share .

6- Releasing the members of the Board of Directors from liability and approving their remunerations for the financial year ended 31 December 2021

7- Approving and appointing an External Auditor for the company for the financial year 2022 and determining their annual fees.

 

Agenda of the Extra Ordinary General Assembly Meeting

First: Amending and updating the company’s articles of association in accordance with Law No. (8) of 2021 regarding the amendment of some provisions of the Commercial Companies Law promulgated by Law No. (11) of 2015.

Second: Authorizing the Board of Directors to amend the company’s articles of association to comply with Law No. (8) of 2021 regarding the amendment of some provisions of the Commercial Companies Law promulgated by Law No. (11) of 2015.

 

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Qatar Aluminum Manufacturing: The AGM and EGM Endorses items on it’s agenda

Qatar Aluminum Manufacturing announces the results of the AGM and EGM. The meeting was held on 02/03/2022 and the following resolution were approved

 

The agenda of the Ordinary General Assembly Meeting is:

1.     Listened to the Chairman’s Message for the financial year ended 31 December 2021.

2.     Approved the Board of Directors’ Report on QAMCO’s operations and financial performance for the financial year ended 31 December 2021 and the future plan of the Company.

3.     Approved the Auditor’s Report on QAMCO’s financial statements for the financial year ended 31 December 2021.

4.     Approved of QAMCO’s financial statements for the financial year ended 31 December 2021.

5.     Approved the 2021 Corporate Governance Report.

6.     Approved the Board’s recommendation for a dividend payment of QR 0.08 per share for 2021, representing 8% of the nominal share value.

7.     Absolved the Board of Directors from liability for the financial year ended 31 December 2021 and fixed their remuneration.

8.     Appointment of PricewaterhouseCoopers as the external auditor for the financial year ending 31 December 2022 and approved their fees.

The agenda of the Extraordinary General Assembly Meeting is:

1.  The Extraordinary General Assembly (EGM) has approved the proposed amendments to the Company’s Articles of Association. These amendments ensure compliance with certain provisions of both Law no. 11 of 2015, promulgating the Commercial Companies Law as amended by Law no. 8 of 2021, and QFMA Governance Code. The EGM has also approved an amendment to increase the non-Qatari ownership limit in the Company’s share capital from 49% to 100%, ensuring that all relevant requirements are fully met.

 

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Qatar National Cement Co. :The EGM Endorses items on it’s agenda

Qatar National Cement Co. announces the results of the AGM. The meeting was held on 02/03/2022 and the following resolutions were approved:

1) Approval of a draft amendment to the company’s articles of association, in accordance with the provisions of Law No. (8) of 2021, amending some provisions of Commercial Companies Law No. (11) of 2015.

2) Approval of authorizing His Excellency Mr. / Chairman of the Board of Directors, to take all necessary measures with the competent authorities, to approve and document the amendment mentioned in the amended articles of association.

ADDING THE BONUS SHARES OF AHLI BANK

Qatar Central Securities Depository has deposited the bonus shares of Ahli Bank, the new capital is (2,551,146,170) QR and the new total shares is (2,551,146,170). The bonus shares will be available for trading starting from  Thursday 03/03/2022