Al Mahhar Holding: The EGM Endorses Items on It's Agenda

Al Mahhar Holding announces the results of the EGM. The meeting was held on 28/05/2025 and the following resolution were approved 1. Approval for the potential acquisition by the subsidiary (Qatar Welding and Fabrication Supplies “QFAB”) of the remaining 49% stake in the subsidiary (European Equipment Company “EEC”), and approval of the EGM Chair’s recommendation to set a maximum purchase price and take the necessary steps to complete the potential transaction, subject to the completion of negotiations with relevant parties, internal procedures, final documentation, and receipt of required regulatory approvals. 2. Approval for the potential acquisition by the subsidiary (Petroleum Technology Company “Petrotec”) of a 90% stake in (Gulf Automation System “GAS”), and approval of the EGM Chair’s recommendation to set a maximum purchase price and take the necessary steps to complete the potential transaction, subject to the completion of legal and financial due diligence, negotiations with relevant parties, internal approvals, and receipt of required regulatory consents. 3. Authorizing the Chairman, Vice Chairman, Chief Executive Officer, or Board Secretary — each acting individually — to negotiate, sign, and execute all documents and take all actions necessary to proceed with the two potential acquisitions, including the issuance of powers of attorney and completion of any required filings or approvals with competent authorities. .