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.