Doha, Qatar – Apr 13: Both the Ordinary General Assembly and the Extraordinary General Assembly of Estithmar Holding Q.P.S.C. convened on April 12, 2026, and approved the Company’s financial results for the year ended December 31, 2025. Additionally, the Ordinary General Assembly approved the Board of Directors’ proposal to distribute dividends for the same period, amounting to two shares for every ten shares, equivalent to 20% of the Company’s capital. Both assemblies also approved the agenda items, with the following highlights:
Ordinary General Assembly:
1. The General Assembly approved the Board of Directors’ report on the Company’s activities and financial position for the year ending 31/12/2025, as well as the Company’s future plan for 2026.
2. The General Assembly approved the auditors’ report on the financial statements of the Company for the year ending 31/12/2025.
3. The General Assembly approved the Company’s consolidated balance sheet and profit and loss statement for the financial year ending 31/12/2025.
4. The General Assembly approved the distribution of dividends for the period ending December 31, 2025, at a rate of 20% of the Company’s capital by distributing free shares at a rate of two shares for every ten shares, equivalent to 0.2 share per share, and the allocation of fractional shares resulting from the distribution process to Estithmar Holding Q.P.S.C., if any.
5. The General Assembly approved the auditors’ report on the Company’s compliance with corporate governance requirements applicable to listed companies.
6. The General Assembly approved the Company’s Governance Report for the financial year ending on 31/12/2025.
7. The General Assembly approved discharging the members of the Board of Directors from liability for the financial year ending 31/12/2025 and approved the distribution of Board remuneration totaling QAR 3,959,374.
8. The General Assembly approved the appointment of PricewaterhouseCoopers (PwC) as the auditors for the financial year ending 31/12/2026 and approved their fees as per the Board’s recommendations.
Extraordinary General Assembly:
1. The General Assembly approved a 20% capital increase to distribute free shares at a ratio of two shares for every ten shares, to be issued after obtaining the necessary approvals, making the Company’s capital QAR 4,493,329,500, distributed over 4,493,329,500 shares, and allocating fractional shares resulting from the distribution process to Estithmar Holding Q.P.S.C., if any.
2. The General Assembly approved amendments to Article 5 (Company Capital) and related provisions of the Company’s Articles of Association.
3. The General Assembly authorized the Chairman of the Board of Directors and the Vice Chairman of the Board of Directors, individually, to take the necessary actions and complete all procedures with the relevant authorities — including the Ministry of Commerce and Industry, the Qatar Financial Markets Authority, Qatar Stock Exchange, and Qatar Central Securities Depository — to amend the Company’s Articles of Association and finalize the issuance of shares.
Authorizing the Chairman of the Board of Directors, the Vice Chairman of the Board of Directors individually, and any person selected by the Chairman of the Board of Directors of Estithmar Holding Q.P.S.C. to apply for the required approvals and to review with the Prime Minister’s Office, the Ministry of Justice, the Ministry of Commerce and Industry, the Qatar Financial Markets Authority, the Qatar Stock Exchange, Qatar Central Securities Depository, and any other relevant authority in the State of Qatar, in order to amend the company’s Articles of Association, sign it, submit any necessary documents for making those amendments, and represent the company to any public or private entity concerning the issuance of shares. This includes signing and submitting on behalf of the company all documents, notifications, permits, or agreements that the authorized person considers appropriate concerning the issuance of shares.
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