Mekdam Holding Group: The EGM Endorses items on it's agenda 

Mekdam Holding Group announces the results of the EGM. The meeting was held on 21/11/2023 and the following resolution were approved

1. Approved the cancelation of the maximum ownership percentages stipulated in Article No. (21) of the Articles of Association: “Except for the founders of a company, a shareholder may not own either directly or indirectly more than 5% of the total Shares of the Company.”

2. Approved amending the maximum ownership percentages stipulated in Article No. (21) of the Articles of Association so that it becomes “Non-Qatari investors may own up to 100% of the Company's Share Capital.” Instead of the current text, “Non-Qatari investors may own no more than 49% of the Company's Share Capital.”

3. Authorized the Chairman of the Board of Directors, Sheikh Mohamed bin Nawaf bin Nasser bin Khaled Al Thani, to sign the amended Articles of Association and make any necessary amendments to the Articles of Association in this regard. The Chairman of the Board of Directors is also authorized to be present in front of the Authentication Department at the Ministry of Justice, and to undertake all procedures and sign all documents or requests in order to obtain all necessary approvals from the Companies Affairs Department at the Ministry of Commerce and Industry, the Qatar Financial Markets Authority, or any other department or ministry. The Chairman of the Board of Directors is also entitled to delegate other individuals to take necessary steps to complete the approval of the amended Articles of Association and register it with the relevant authorities.