disclosure of the decision of the Grievances Committee of the Qatar Financial Markets Authority

Dlala Brokerage and Investment Committee disclosed that we have been notified by our external law firm of the decision in Appeal No. 18 of 2024 upholding the financial penalty imposed on the company by the Accounting Committee in Violation No. 1 of 2023 in the amount of 500,000 Qatari Riyals.

It is worth noting that the decision of the Grievances Committee will not have an impact on 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.