Announcement for the General Assembly Meeting
The Board of Directors of Mazaya Real Estate Development Q.P.S.C. invites the shareholders to attend the general assembly meeting of the company, which is scheduled to be held on Sunday, September 20, 2020 at 4:30 pm, by means of modern technology, in order to support efforts to maintain public safety and the rules of social distancing. In the event that a quorum is not complete, a second meeting will be held on Sunday 27 September 2020 at the same time.
To participate in the meeting, the shareholders can send an e-mail message and attach a copy of the supporting documents, the individuals' mobile phone number and a copy of delegation of authority and the supporting documents for representatives of individuals and legal entities, to the email address:
A link for virtual participation in the meeting will be sent electronically to the shareholders whose contact details have been received. Registration procedures begins at 2:30 pm on the date of the meeting.
Attached with this meeting invitation the meeting agenda and can be found also on the company's website:
NOTES:
- In accordance with provisions of Commercial Companies Law No 11 of 2015 this invitation shall be held as a legal notice to all shareholders without any need for private invitations to be sent by post.
- Every individual shareholder may authorize another shareholder to participate in the meeting, provided that such an authorization is in writing and given specifically for the purpose of participation in the meeting. A Director may not be authorized for this purpose and the number of shares held by a proxy in this capacity shall not exceed 5% of the share capital of the Corporation. In case the shareholder is corporate person, the representative of the shareholder shall send a written authorization from such corporate person duly signed and stamped in order for the representative to be able to participate in the meeting.
- Minors will be represented by their legal guardians.
Agenda of the Ordinary General Assembly Meeting:
First Clause: Hearing the speech of the Chairman and the Board of Directors report on the proposed deal, which includes the purchase of six (6) properties from Aryan Real Estate (the “Deal”).
Second Clause: The approval of the general assembly for the company to enter into a material deal with a related parties.
Third Clause: The approval of the general assembly on the agenda of the following general assembly in accordance with Article 26/3 of the corporate governance code for companies listed in the main market, which is as follows:
- Discussion and approval of the timeline for transferring real estate to the company or its subsidiaries.
- Approval on the proposed transaction value.
- Approval on borrowing from banks to finance the transaction.
- Authorizing the chairman, his deputy, or the managing director to sign all documents and contracts necessary to complete the deal, including signing real estate purchase contracts, mortgage contracts, banking facilities contracts, issuing guarantees on behalf of the company, right of use, and any contracts or documents necessary to conclude the deal, as well as authorizing the above-mentioned persons to address and obtain approval. All official bodies, including the Ministry of Commerce and Industry, the Qatar Financial Markets Authority, the Qatar Stock Exchange, the Ministry of Justice and any other ministry or department.
- Any other matters related to the completion and conclusion of the transaction procedures that may be raised by the Board of Directors for approval of the General Assembly.
