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THE BOD AT INVESTMENT HOLDING GROUP ANNOUNCES MEETING RESULTS

Estithmar Holding IGRD -0.52% 1.91 -0.01
The Board of Directors (BOD) of Investment Holding Group held its meeting on Wednesday 13/06/2018  
where it recommended the following: 
1.Discussed and approved the Organizational Structure of Investment Holding Group Q.P.S.C
2.Discussed and approved the Authority Matrix.
3.Discussed and approved the Related Party’s policy
4.Discussed and approved the Salary Scale.
5.Discussed and approved the tentative schedule of Board of Directors’ meetings for the remaining period of 2018.
6.The Board of Directors approved to amend the membership of the Board Committees to combine independent members as per the Governance Code, as follows:
First: Nomination and Remuneration Committee:
- Shiekh Nasser Bin Ali Bin Saoud Al Thani – president
-Mr Khalid Ghanim Sultan A. Al Kuwari - member
-Mr Hamad Abdullah Sharif Al-Emadi - member
-Mr. Hamad Ghanim Sultan A. Al Kuwari – member
Second: Audit and Risk Committee:
-Mr. Omer Abdulaziz Al Marwani – president
-Mr. Wafa Issam Soufan – member
-Mr. Walid Ahmad Al Saadi – member and consultant of committee
-Mr. Abdulaziz Ghanim Sultan A Al Kuwari – member
7.After Mr. Wafa Soufan left the meeting due to having a conflict of interest, the Board of Directors approved the Executive Management recommendation to acquire 39.6 % of the shares of Consolidated Security Systems w.l.l, and to call for an Extraordinary General Assembly, after acquiring the necessary official approvals as per the regulatory requirements.

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