The Board of Directors of the Qatari Electronic Systems Company – Techno Q (QPSC) is honored to invite the esteemed shareholders to attend the Ordinary and Extraordinary General Assembly Meetings of the Company, The Ordinary General Assembly Meeting will commence at 4:30 PM, followed by the Extraordinary General Assembly Meeting at 5:00 PM on Tuesday, April 15, 2025, at Mondrian Doha – Chairman Office. In the event that the legal quorum for either or both meetings is not met, the second meeting will be held on Tuesday, April 22, 2025, at 4:30 PM and 5:00 PM, respectively, at the same venue to discuss the agendas outlined below.
Accordingly, shareholders are kindly requested to arrive at the meeting hall one hour prior to the scheduled time to register their attendance and the number of shares they hold.
Ordinary General Assembly Meeting Agenda
Presentation of the Board of Directors’ report on the company’s activities and financial position for the fiscal year ended December 31, 2024, and the company’s business plan for 2025.
Presentation and approval of the auditor’s report on the company’s financial statements for the fiscal year ended December 31, 2024.
Discussion and approval of the company’s general budget and profit and loss account for the fiscal year ended December 31, 2024.
Approval of the Board of Directors’ recommendation to distribute cash dividends for the fiscal year 2024 at a rate of (0.142) Qatari Riyals per share, equivalent to (14.20%) of the nominal value of the share.
Consider releasing Board of Directors from any liability and approving their remuneration for the financial year ending on December 31, 2024.
Appointment or reappointment of the external auditor for the fiscal year ending December 31, 2025, and determination of their fees.
Approval of the Nomination and Remuneration Committee Policy.
Extraordinary General Assembly Meeting Agenda
1. Voting on the amendment of Article (2) of the Company’s Articles of Association, concerning the company’s objectives, by adding seven (7) new business activities as follows:
• Trading in audio and audio devices – Activity No. 4742201
• Trading in the installation and operation of esophagus and audio and voice show devices and equipment – Activity No. 4773027
• Liquid and dry batteries trading – Activity No. 4530003
• Trading in generators, electrical transformers, and spare parts – Activity No. 4659501
• Repairing electrical equipment – Activity No. 3314001
• Information Technology Consultancy – Activity No. 7020903
• Software designing and programming – Activity No. 6201020
2. Approval of authorizing the Chairman of the Board, Mr. Abdullatif Mohammed Ibrahim Jaidah, to sign the amended Articles of Association and make any necessary amendments deemed appropriate in this regard. The Chairman shall have the authority to appear before the Documentation Department at the Ministry of Justice, undertake all required procedures, and sign all documents or applications necessary to obtain approvals from the Companies Affairs Department at the Ministry of Commerce and Industry, the Qatar Financial Markets Authority (QFMA), and any other relevant authority or ministry. The Chairman shall also have the right to delegate others to take the necessary steps to complete the approval and registration of the amended Articles of Association with the competent authorities.
Notes:
• Please arrive one hour before the scheduled time to complete the registration procedures.
• A proxy must be a shareholder of the company; non-shareholders and members of the Board of Directors cannot be appointed as proxies. In all cases, the shares represented by a proxy must not exceed 5% of the company’s shares. For corporate shareholders, an official authorization letter, duly signed and stamped by the company, must be provided, specifying the names of the authorized representatives, along with a recent copy of the commercial registration.
• Shareholders are requested to present proof of share ownership.
