The Extraordinary General Assembly of Dukhan Bank approves the conversion of the bank to a Qatari Public Shareholding Company

The Extraordinary General Assembly of Dukhan Bank approves the conversion of the bank to a Qatari Public Shareholding Company

- The Extraordinary General Assembly (the "EGA") of the Bank approved the conversion of the Bank to a Qatari Public Shareholding Company.

- The EGA of the Bank approved the direct listing of the share capital of the Bank on the main market in the Qatar Stock Exchange (the "QSE").

- The EGA approved the amendments to the memorandum of association and the articles of association of the Bank, which include, among other things, reducing the nominal value of the share from QAR10 to QAR1.

DOHA, Qatar /PRNewswire/ -- The Extraordinary General Assembly Meeting of Dukhan Bank was held via videoconference on Sunday, January 15 2023, chaired by H.E. Sheikh Mohammed Bin Hamad Bin Jassim Al-Thani, the Chairman of the Board, and in the presence of 91.6% of the shareholders.

The meeting involved discussions of all of the items on the agenda, including the approval of the conversion of the Bank to a Qatari public shareholding company in accordance with Article 208 of the Commercial Companies Law number 11 of 2015 (as amended) (the "Companies Law"), the direct listing of the share capital of the Bank on the main market of the QSE according to the terms and conditions set out in the listing