Investment Holding Group Q.P.S.C. announces that its board of directors met today, Tuesday,

October 12, 2021, and approved the acquisition of Elegancia Holding Group Company and its subsidiaries according to the exchange ratios agreed upon by the Board and the owners of Elegancia Holding Group Company, therefore, the information memorandum along with all the relevant documentation will be submitted to Qatar Financial Markets Authority as soon as possible.

Investment Holding Group will comply to all laws issued by Qatar Financial Markets Authority, Qatar Stock Exchange and all other relevant regulatory authorities to obtain all necessary approvals before seeking the approval of the group’s extraordinary general assembly, and disclose any developments as soon as they occur.