Dlala Brokerage and Investment Holding Company held its Ordinary General Assembly meeting for the year 2022 at the company’s headquarters, and through the ZOOM application, where the meeting was chaired by Mr. Youssef Abdul Rahman Al-Khulaifi, Chairman of the Board of Directors.
At the beginning of the assembly meeting, Al-Khulaifi welcomed the attendees, and on behalf of the board of directors of Dlala Brokerage and Investment Holding Company, he presented a summary of the annual report on the company’s activity and the results of its work during the fiscal year ending on December 31, 2022.
Al-Khulaifi stated that the year 2022 represented a new challenge for Dlala Holding Company in light of the successive global crises that the world is witnessing, which affected the wheel of the global economy, especially the Russian-Ukrainian war and the repeated increase in interest rates, whose impact was clear on the activity of financial markets, and the impact was also reflected on financial services and the real estate field. and the company’s investment portfolios.
Al-Khulaifi added that despite all these crises, the company was able to achieve operating profits in the field of financial intermediation, with a growth rate of 3% amounting to (3,870,000) Qatari riyals.
As for the losses amounting to 36,383,000 Qatari riyals, they represent provisions for legal cases pending in the judicial authorities and book losses in the value of the company’s investment portfolios and are not realized losses from the company’s activities.
Al-Khulaifi added that the company has prepared a detailed report on corporate governance covering the fiscal year from January 1 to December 31, 2022, in accordance with the requirements of the corporate governance system and legal entities listed on the main market issued by the Qatar Financial Markets Authority, and it will be published on the company’s website for the shareholders’ knowledge.
At the end of his speech, Al-Khulaifi expressed his thanks and appreciation to the shareholders for their trust and support, hoping to meet them well. The company has overcome its challenges and achieved the success and goals it seeks.
The assembly also approved the company’s balance sheet and profit and loss account for the fiscal year ending on December 31, 2022, and discussed and approved the governance report for the year 2022.
In addition, the association discharged the members of the Board of Directors from liability for the fiscal year ending on 12/31/2022, announced that there are no bonuses for the members of the Board of Directors, and selected the auditor for the year 2023.
The association also elected the members of the Board of Directors for a period of three years (2023-2025). The voting process took place with complete transparency and the winners were announced:
1. The Qatari Armed Forces investment portfolio represented by Mr. Sultan Ibrahim Al-Kuwari – non-independent
2. Al-Tameer Real Estate Projects Company W.L.L. represented by Dr. Thani Abdul Rahman Al-Kuwari – non-independent
3. Arian Real Estate Company LLC, represented by Mr. Ali Hussein Ibrahim – non-independent
4. His Excellency Sheikh / Khalid bin Saud bin Khalid bin Hamad Al Thani – independent
5. Mr. Farhoud Hadi Al-Hajri – Independent
6. Mr. Nasser Hamad Ali Al Sulaiti – Independent
7. Dr. Abdulaziz Ali Al-Hammadi – Independent
8. Mr. Abdullah Ahmed Al-Nasr – Independent
9. Dr. Hashim Abdul Rahim Yousef Al-Sayed – Independent
