Estithmar Holding Q.P.S.C.: The AGM Endorses items on it's agenda

Estithmar Holding Q.P.S.C. announces the results of the AGM. The meeting was held on 31/08/2025 and the following resolution were approved

First: Approval of the Transaction: The Assembly unanimously approved the auditor’s report as presented and approved the purchase transaction by The View Hospital W.L.L. (a subsidiary of Estithmar Holding Q.P.S.C.) of the property with title deed number (96053), including the building and the medical equipment located within, from the property owner, LLANURAS &Trading and Contracting (a related party), for a total purchase price of QAR 2,060,000,000 (two billion and sixty million Qatari riyals), to be paid in full in cash as follows: QAR 1,442,000,000 (one billion four hundred forty-two million Qatari riyals) in cash through a long-term loan from Qatar National Bank, and QAR 618,000,000 (six hundred eighteen million Qatari riyals) in cash from the company’s working capital.

Second: Approval of Borrowing: The Assembly unanimously approved that Apex Healthcare W.L.L. (a subsidiary of Estithmar Holding Q.P.S.C. and the parent company of The View Hospital W.L.L.) obtain a long-term loan of QAR 1,442,000,000 (one billion four hundred forty-two million Qatari riyals) from Qatar National Bank (QNB) for the purpose of purchasing property number (96053), which includes the land, the building of The View Hospital, and the medical equipment located therein and owned by the property owner.

Third: Approval of Registration and Mortgage of Property No. (96053):

- The Assembly unanimously approved registering property number (96053) in the name of The View Hospital W.L.L. as the legal owner of the property following the completion of the purchase.

- The Assembly unanimously approved mortgaging property number (96053) after its registration in the name of The View Hospital W.L.L. as collateral for all facilities provided by Qatar National Bank and authorized The View Hospital W.L.L. to sign the mortgage agreement in favor of Qatar National Bank to secure these facilities.

Fourth: The Assembly unanimously authorized the Company’s Chief Executive Officer, Mr. Juan Leon Fuertes, and the Company’s Chief Operating Officer, Mr. Walid Murshed Nimr Shalan, individually, to sign, execute, and submit any necessary documents required to implement the above resolutions, including but not limited to the sale contract, the mortgage agreement, the account pledge agreement, and any other agreements, certificates, declarations, or documents that may be required by Qatar Diar or any official authority to transfer the ownership of property number (96053), and as requested by Qatar National Bank to execute the mortgage, as well as any application, request, or letter necessary to implement these resolutions, and to apply for the required approvals from all relevant official authorities and regulatory bodies.