INDUSTRIES QATAR DISCLOSES ITS FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019 HOLDS ITS AGM ON 01/3/2020

Industries Qatar disclosed its financial statements for the year ended on 31 December 2019. The financial statements disclosed the net profit amounted to QR 2.6 billion compared to net profit amounting to QR 5.0 billion for the previous year.

Earnings per Share (EPS) amounted to QR 0.43 for the year ended 31 December 2019 compared to EPS amounted to QR 0.83 for the previous year.

The Board of Directors of the Company recommended a dividend of QR 0.40 per share for the year. The Board also approved the calling to convene the Ordinary General Assembly Meeting of the shareholders at 3:30 pm on Sunday, March 1st, 2020 in Al-Rayan Ballroom, Sheraton Hotel. In case a quorum is not met, the meeting will be held on Wednesday, March 4th, 2020 at the same location and time.

Please also note that we will conduct the Investor Relations Earnings call on Thursday, 13th February, 2020 at 2:00pm Doha time.

The agenda of the Ordinary General Assembly Meeting is:

1. Listen to the Chairman's Message for the financial year ended December 31, 2019.
2. Listen and approve the Board of Directors' Report on IQ's operations and financial performance for the financial year ended December 31, 2019, and the plans of the company.
3. Listen and approve the Auditors' Report on IQ's consolidated financial statements for the financial year ended December 31, 2019.
4. Discuss and approve IQ's consolidated financial statements for the financial year ended December 31, 2019.
5. Present and approve 2019 Corporate Governance Report.
6. Approve the Board's recommendation for a dividend payment of QR 0.40 per share, representing 40% of the nominal share value.
7. Absolve the Board of Directors from responsibility for the year 2019 and approve their remuneration.
8. Appoint an external auditor for the financial year ending December 31, 2020 and approve their fees.

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