ALLOCATION OF INVESTMENT HOLDING GROUP Q.P.S.C CAPITAL INCREASE BASED ON THE ACQUISITION TRANSACTION

Investment Holding Group Q.P.S.C. announces the allocation of its increased capital authorised based on the decision of IHG’s Extraordinary General Assembly held on 11 April, 2022, which approved the acquisition of Elegancia Group by IHG, and also agreed to increase the company’s capital by (2,574,037,500 QAR) bringing the total capital from (830,000,000 QAR) to (3,404,037,500 QAR) as a result of the acquisition by exchanging shares.

Therefore, Investment Holding Group Q.P.S.C. issued and allocated the increased shares to the owners of Elegancia as a result of the acquisition as follows:

-        Mr. Mohamad Moataz Mohamad Al-Khayat 37.5% of the shares to be issued i.e. /965,264,063/ shares (nine hundred and sixty-five million, two hundred and sixty-four thousand and sixty-three shares).

-        Mr. Ramez Mohamad Al-Khayat 37.5% of the shares to be issued, i.e. /965,264,062/ shares (nine hundred and sixty-five million, two hundred and sixty-four thousand and sixty-two shares).

-        Urbacon Trading and Contracting Company WLL 25% of the shares to be issued, or 643,509,375/ shares (six hundred and forty-three million five hundred and nine thousand three hundred and seventy-five shares).

Unaudited Pro Forma Combined financial statements for the year ended December 31, 2021, click here