28 March 2010
Doha: Sheikh Khalid bin Khalifa Al Thani, Chairman and Managing Director of Qatar Real Estate Investment Company (Alaqaria), yesterday underlined the importance of the shareholders attending the Company's Ordinary General Meeting ("OGM") and Extraordinary General Meeting ("EGM"), which will be held at 6pm on Tuesday at the Grand Hyatt Hotel. During the meetings, shareholders will have the opportunity to approve Alaqaria's proposed combination with Barwa as well as collect their 2009 dividend payments of QR2 per share.
Doha: Sheikh Khalid bin Khalifa Al Thani, Chairman and Managing Director of Qatar Real Estate Investment Company (Alaqaria), yesterday underlined the importance of the shareholders attending the Company's Ordinary General Meeting ("OGM") and Extraordinary General Meeting ("EGM"), which will be held at 6pm on Tuesday at the Grand Hyatt Hotel. During the meetings, shareholders will have the opportunity to approve Alaqaria's proposed combination with Barwa as well as collect their 2009 dividend payments of QR2 per share.
"The proposed combination with Barwa represents a unique opportunity for Alaqaria shareholders to benefit from a significant 30.6 percent premium. I encourage all shareholders to attend the meetings to vote in favour of the transaction. Active participation in the process is critical to its success," said Sheikh Al Thani.
Sheikh Al Thani continued, "The proposed combination with Barwa is the logical development with the natural partner for Alaqaria. Ultimately it will result, in our view, in the continued delivery of value for Alaqaria shareholders while taking advantage of Barwa's growth potential, international presence and diversified activities."
© The Peninsula 2010
