Salam International: The AGM Endorses Items on It's Agenda

Salam International announces the results of the AGM. The meeting was held on 29/03/2026 and the following resolution were approved

First: Board of Directors’ Report and Future Plans:

The General Assembly approved the report of the Board of Directors on the Company's activities, its Statement of Financial Position for the financial year ended 31 December 2025, and the Company's future plans.

Second: The Auditors' Report and the Consolidated Financial Statements:

The General Assembly heard the report of the Auditors, M/s KPMG on the Company’s Balance Sheet and Profit & Loss statement for the financial year ended 31/12/2025. The General Assembly approved the aforementioned financial statements, which showed a net profit of QAR 102.3 million, of which Salam International Investment Limited's share amounted to QAR 98 million.

The General Assembly also approved the independent report of the auditors on the consolidated financial statements of the company. The General Assembly also approved the disclosures contained in the notes attached to the financial statements, including the disclosure related to subsidiaries and loans. The General Assembly approved the auditor's report on the internal controls over financial reporting, and a report on compliance with the Qatar Financial Markets Authority Law and Regulations.

Third : Board Members’ Discharge from Liability:

Following the approval of the financial statements and the auditors' report, the General Assembly resolved to discharge the members of the Board of Directors from liability for the financial year ended 31/12/2025.

Fourth : Dividend Distribution for the Year 2025:

The General Assembly approved the recommendation of the Board of Directors to distribute cash dividends for the year 2025, amounting to 6% of the company's paid-up capital.

Fifth: Appointment of Auditors for the Year 2026:

After reviewing the offers received from the international audit firms licensed by the Qatar Financial Markets Authority (QFMA), and based on the recommendation of the Board of Directors, the General Assembly decided to appoint KPMG as the Company's auditors for the year 2026, and entrusted the Board with determining their fees.

Sixth : Authorizing the Board of Directors to dispose of Real Estate and Entering into Loan Agreements:

The General Assembly approved the renewal of its authorization for the Board of Directors to manage and dispose of the real estate owned by the Company and its subsidiaries, in all aspects of its disposal, including the purchase, sale, lease and mortgage of such properties, and to enter into loan agreements, issue letters of guarantee, and providing necessary collaterals, including joint guarantees for the company and all its subsidiaries, to obtain banking facilities for operations and future projects of the company and its subsidiaries, in addition to consolidating and rescheduling of loans, signing rights assignments (Hawalat Haq),.and any other documents related to banking facilities.

Seventh: Annual Corporate Governance Report 2025:

The General Assembly reviewed and approved the Sixteenth Annual Governance Report (2025).

The General Assembly heard the report of the External Auditor on the Company's compliance with the provisions of the Corporate Governance Law, and the report of internal control over financial reports.

Eighth: Joint Venture with Salam Bounian:

The General Assembly approved the renewal of the authorization for the Board of Directors to enter into joint ventures with its affiliate, Salam Bounian, and to enter into loan agreements, issue letters of guarantee, and provide necessary joint guarantees.

Ninth: Approval for Salam International to Purchase Additional Shares from Salam Bounian shareholders:

The General Assembly approved Salam International’s purchase of additional shares from Salam Bounian shareholders willing to sell their shares, up to 100% of Bounian’s share capital. The Board of Directors was authorized to determine the price and quantity based on the cash amounts allocated for investment. The Assembly also approved the purchase of shares from Board members, at the same prices offered to other shareholders, provided that priority is given to the other shareholders.

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