Shareholders approve Dandy’s conversion into Qatari public shareholding company

Shareholders of Dandy Ltd have ratified the company's transformation into a Qatari public shareholding entity, a crucial step towards its upcoming listing on the Qatar Stock Exchange (QSE). The vote occurred during the company's Constitutive General Assembly, completing the constitutive phase of Dandy's shift to a publicly-traded company.

Next, the firm will collaborate with the pertinent authorities to finish the conversion process, which includes releasing its revised commercial registration and going public on the QSE's main market. More details, such as the projected listing date, will be revealed once all required approvals are secured. Any surplus subscription funds will be returned to the respective banks by November 3 at the latest.

The inaugural board of directors, chosen by the founders in line with the Articles of Association, was also ratified during the meeting. The board, which will serve for five years starting from the date of conversion, consists of Sheikh Mansoor Mohamed J M al-Thani (representing Albasateen Co for Real-estate), acting as chairman; Sheikh Jabor Mohd H A al-Thani (representing Seven Brothers Holding Co), functioning as vice-chairman; Sheikh Thamer Mohamed J M al-Thani (representing Horizon Investment Co), serving as managing director; and directors Amjad Mohammed R A Abo (representing Future Investment); Mohammed Ziada Taha Abdelrazig; Nasser Ahmed M al-Meer; and Sameer Saeed A F al-Amoudi.