Al Mahhar Holding: will hold its EGM on 28/05/2025 for 2025

Al Mahhar Holding announces that the General Assembly Meeting EGM will be held on 28/05/2025, electronically via Zoom and 05:00 PM. In case of not completing the legal quorum, the second meeting will be held on 02/06/2025, electronically via Zoom and 05:00 PM

1. To discuss and approve the potential acquisition by a subsidiary of the Company (Qatar Welding & Fabrication Company “QFAB”) of 49% of the shares owned by the other partner in European Equipment Company.

2. To discuss and approve the potential acquisition by a subsidiary of the Company (Petroleum Technology Company “Petrotec”) of 90% or more of the total capital in a Qatar-based company operating in the industrial automation and control systems segment.

3. In the event that the Extraordinary General Assembly approves item No. 1 and item No. 2 mentioned above, discussion and voting on authorizing the Chairman of the Board Mr. Fahad Hussain Al Fardan, or the secretary of the Board, Mr. Hamza Shehadeh Salameh Alnaimat, to sign on all documents and papers related to the aforementioned transfers, including signing the share purchase agreement, the partners' resolution or the General Assembly resolution (whether ordinary or extraordinary) in both European Equipment Company and the Qatar-based company operating in the industrial automation and control systems segment, and approving the transfer or purchase of the mentioned shares. This includes the signing on share purchase agreement, shareholder agreements and the Articles of Association and their amendments, before the Ministry of Commerce and the Ministry of Justice or any other ministry or government authority in Qatar. Furthermore, they may delegate or issue powers of attorney in this regard to any other person, to complete the required procedures, applications and transactions and to sign the sale purchase agreement, Articles of Association and its amendments, shareholder agreements, and joint resolutions, or General Assembly resolutions (whether ordinary or extraordinary). In this regard, include making any amendments to the licenses and/or records of the aforementioned Companies to reflect the exit of the current shareholders, and the entry of the new shareholder(s) into those companies.