Al Mahhar Holding: Will Hold Its EGM on 17/12/2025 for 2025

Al Mahhar Holding announces that the General Assembly Meeting EGM will be held on 17/12/2025, electronically via Zoom platform and 04:00 PM. In case of not completing the legal quorum, the second meeting will be held on 24/12/2025, electronically via Zoom platform and 04:00 PM 1. Approval of the Board of Directors recommendation on the potential transfer of all shares owned by the Company (49%) in its subsidiary (Al Mahhar Al Kuwaittiya for Light and Heavy Equipment Machines Co. W.L.L. “AMK”) to the other existing shareholder in AMK, being Al Rashed Holding Group Company (a related party). 2. Authorization of the Chairman of the Board to approve the transaction and sign on all documents and papers related to the aforementioned transfers, including signing the share purchase agreement, the partners' resolution or the General Assembly resolution (whether ordinary or extraordinary) in Al Mahhar Al Kuwaittiya for Light and Heavy Equipment Machines Co. W.L.L.. This includes the signing on share purchase agreement, shareholder agreements and the Articles of Association and their amendments, before the Ministry of Commerce and the Ministry of Justice or any other ministry or government authority in Qatar or Kuwait. Furthermore, the Chairman is also authorized to delegate the Chief Executive Officer or Secretary of the Board, to complete the required procedures, applications and transactions and to sign the sale purchase agreement, Articles of Association and its amendments, shareholder agreements, and joint resolutions, or General Assembly resolutions (whether ordinary or extraordinary). In this regard, include making any amendments to the licenses and/or records of AMK to reflect the exit of Al Mahhar Holding. 3. Approval of the Board of Directors’ recommendation to amend the Articles of Association for the purpose of aligning the Company’s status with the Qatar Financial Markets Authority’s Board Decision No. (5) of 2025 issuing the Corporate Governance Rules for Listed Companies (“the New Governance Rules”), and to approve a Board of Directors composed of seven (7) members, at least three of whom shall be independent. The amendment also includes the modification of the terms and requirements for nomination to the Board of Directors, the renaming of the committees formed by the Board, the policies on conflict of interest and minority rights, and all other matters required to be included in the Articles of Association pursuant to the New Governance Rules. 4. Authorization of the Chairman of the Board to approve and sign the amended Articles of Association before the Documentation Department at the Ministry of Justice, and to appear before any department or ministry in the State of Qatar to complete the required amendments in accordance with the New Governance Rules. The Chairman is also authorized to delegate any member of the Board of Directors or the Chief Executive Officer or Secretary of the Board to sign the amended Articles of Association before the Documentation Department at the Ministry of Justice. Furthermore, the Chairman is authorized to carry out and sign any applications, letters, and documents required to implement this resolution before any department, ministry, or authority as necessary.