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THE EGM OF INVESTMENT HOLDING APPROVES THE PURCHASE OF THE REMAINING SHARES IN CONSOLIDATED ENGINEERING SYSTEMS

Estithmar Holding IGRD 0.00% 1.99 0.00
Investment Holding Group announced the results of its Extra Ordinary General Assembly meeting held on 8/8/2018, which approved the following resolutions: 1. The Purchase of the remaining shares (39.6%) in Consolidated Engineering Systems w.l.l, on a cash basis. 2. Authorizing Board of Directors to take a bank loan of an amount of one hundred million Qatari Riyals to pay a part of the value of the proposed shares. 3. Mandating Chairman, singly, or, any two of the board members, jointly, to sign on the official procedures necessary for the execution of the purchase, including signing and authenticating the purchase agreements, signing the extraordinary general assemblies of the company purchasing or being purchased, amendments to the articles of association, bank loan, and all necessary procedures.

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