Al Mahhar Holding Q.P.S.C. Submits Application Request to Apply for Transfer to the Main Market, Subject to Qfma Approval

Doha, Qatar – 26 November 2024: Al Mahhar Holding Q.P.S.C. is pleased to announce that it has formally submitted its application to the Qatar Financial Markets Authority (QFMA) to transfer its shares from the Venture Market to the Main Market of the Qatar Stock Exchange, subject to obtaining the required regulatory approvals. This step follows the approval of the Company's General Assembly meeting held on November 18, 2024, where shareholders authorized the Chairman of the Board to sign the application for the transfer, submission of the transfer application to the QFMA, and to complete all necessary procedures for the transfer with the respective regulatory authorities on behalf of the Company. The intended transfer to the Main Market reflects Al Mahhar Holding’s commitment to aligning with the highest standards of governance, transparency, market practices, and aims to further enhance the Company’s visibility and trading liquidity, benefiting shareholders and strengthening the Company’s position as a leader in Qatar's energy and infrastructure servicing sectors. The transfer of the Company’s shares to the Qatar Stock Exchange Main Market is subject to the approval of the QFMA, and completion of all required steps with the Qatar Stock Exchange and other respective authorities, and Al Mahhar Holding will provide an update on the progress at the appropriate time. Maroon Capital Advisory LLC is advising Al Mahhar Holding on the transfer process to the Qatar Stock Exchange Main Market. For further information, please contact: investorrelations@almahharholding.com