Qatari German Co. for Medical Devices: The AGM and EGM Endorses items on it's agenda 

Qatari German Co. for Medical Devices announces the results of the AGM and EGM. The meeting was held on 24/04/2022 and the following resolution were approved

The Qatari German Company for Medical Devices (Q.P.S.C) announced the results of the Ordinary and Extraordinary General Assembly meeting held on 04/24/2022 (the reserve date), where Mr. Hazem Al-Sarkhi of Talal Abu Ghazaleh & Co. - Observers announced Calculations A quorum is met for the ordinary and extraordinary general assembly Ordinary General Assembly: Where the following has been approved

1- The report of the Board of Directors on the company's activity and its financial position for the fiscal year ending on 31/12/2021 and the company's future plan was heard and approved.

2- The auditors' report on the company's balance sheet and final accounts for the financial year ending on 12/31/2021 was approved.

3- The company’s balance sheet and profit and loss account for the financial year ending on 31/12/2021 were approved , and the Board of Directors’ recommendation regarding not distributing profits

4- The company’s corporate governance report for the year 2021 was approved

5- The members of the Board of Directors were absolved of liability for the financial period ending on 31/12/2021, and no rewards were distributed.

6- The external auditor of Mazaras Company was appointed for the fiscal year 2022, in return for a fee of 75,000 thousand (Qatari riyals).

Ordinary Extraordinary General Assembly: Where the following has been approved

1- The shareholders approved the request of the board of directors to continue the company’s business despite the fact that its accumulated losses amounted to more than the company’s capital, and it was approved

2. Approval of the amendment of some articles of the statute, the most important of which are the proposed amendments in accordance with the requirements of Law No. (8) of 2021 amending some provisions of the Commercial Companies Law promulgated by Law No. (11) of 2015. And authorizing the Chairman of the Board of Directors to do the necessary for this.