Qatar Fuel (WOQOD) held its Postponed Extra Ordinary General Assembly meeting on Sunday 10/06/2017, Chaired by Mr. Ahmed Saif Al-Sulaiti, Chairman of the Board of Directors, has issued a Resolution to raise the non-Qatari ownership limits to 49% of the issued share capital and the private ownership to 1% and to amend for Article 9-1 of the ‎company’s Articles of Association as shown below:‎ :-

Amended Article 9.1 of  WOQOD Articles:

‎"Except for the owner of the privileged ‎share, Shafallah Center and the State of ‎Qatar (as defined in Qatar Financial ‎Market Authority Decision No. 1 of ‎‎2016), the Qatar Foundation for ‎Education, Science and Community ‎Development, The Qatar Investment ‎Authority and Qatar Holding Company, ‎no natural or legal person may at any ‎time – either directly or indirectly - hold shares ‎in the Company in excess of 1% of the ‎issued share capital.‎

Subject to the provisions of the above ‎paragraph, non-Qataris may hold a total ‎percentage of the capital of the ‎Company not exceeding 49% of the ‎issued share capital in accordance with the ‎provisions of Law No. 9 of 2014 ‎regulating the investment of foreign ‎capital in economic activity”.‎