Al Meera Consumer Goods Company holds its Extraordinary General Meeting

  
Al Meera Consumer Goods Company holds its Extraordinary General Meeting

Doha, Qatar : Al Meera Consumer Goods Company (Q.P.S.C) held its Extraordinary General Assembly on Sunday, 24 March 2019 at La Cigale Hotel, in the presence of H.E. Abdulla Abdulaziz A T AL-Subaie, Chairman of the Board of Directors, as well as members of the Board of Directors, shareholders and investors.

During the meeting the following items in the Agenda were approved:

1.  Consider and approve the split of the par value of the ordinary share to be QAR 1 instead of QAR 10, as per the instructions of Qatar Financial Market Authority, and amendment of the following Articles of Association as shown below:

  • Amendment the Article (5) of the AOA to become:  the nominal value of the share (QAR 1) "Qatari Riyal One" Consequently, the issued and subscribed capital is (QR 200,000,000) (200 million QAR) and distributed over (200,000,000) (200 million shares.)
  • Amendment of Article (6) of the AOA, increasing the number of cash shares, and the total number of shares to be from (20,000,000 20 million) to (200 million, two hundred million)
  • Amendment Article (7) of the AOA and amend the nominal share amount from (QAR 10) to (QAR 1)
  • The amendment of paragraph (3) of Article (26) of the AOA, regarding the contribution of the member of the Board of Directors from (2000) shares upon his election. To become (20,000) shares at the time of his election.

2. Approval of Qatar Exchange's request to consider increasing the percentage of foreign ownership in the company’s capital to 49%.

3. Endorsing the authorization of the BOD to execute the above-mentioned resolutions before official bodies in the state.

04. Approve the donation of QR 104,364.21 to charities, the amount of the sale of fractional shares as per instruction of Qatar Central Depository Company, to disposing of fractional shares.

-Ends-

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.


More From Press Releases