Baladna: The EGM Endorses Items on It's Agenda

Baladna announces the results of the EGM. The meeting was held on 17/12/2025 and the following resolution were approved 1. Extraordinary General Assembly approved the increase of Company’s current paid-up capital 24% from QAR 2,143,984,962 to QAR 2,658,541,352 by issuing 514,556,390 new ordinary shares. Priority will be given to eligible shareholders registered in the shareholders’ register with Edaa at the end of the trading session on 10 March 2026, as well as to those holding subscription rights, at an issue price of QAR 1.01 (Nominal value of QAR 1.00 plus an issue premium of QAR 0.01, subject to the approval of the relevant competent regulatory authorities.) 2. Extraordinary General Assembly approved the mechanism for trading the subscription rights granted to the Company’s shareholders in accordance with the provisions of Article (195) of the Commercial Companies Law No. (11) of 2015, as amended by Law No. (8) of 2021, and the Regulations for Offering and Listing of Securities and the Subscription Rights Trading Regulations issued by the Qatar Financial Markets Authority. 3. Extraordinary General Assembly approved to authorize the Chairman of the Board and/or the Managing Director, jointly or individually, to amend/update the priority rights trading period and the subscription date and duration as may be required by regulatory authorities or relevant parties, provided that such amendments shall not exceed one year from the date of the Assembly’s approval. In addition, the EGM authorized the Board of Directors to dispose of fractional shares resulting from the subscription process in accordance with the applicable procedures and regulations. It was clarified that fractional shares will not be counted as part of any subscriber’s allocation, and subscribers’ shares will be calculated in whole numbers only after excluding any fractions. 4. Extraordinary General Assembly approved the amendment to Article 6 of the Articles of Association relating to the Company's capital, following completion of the capital increase. .