Statute of the Transformative

The Amended Articles of Association of Qatar Industrial Manufacturing Company

The Amended Articles of Association of Qatar Industrial Manufacturing Company (QIMC)(Q.S.C), as approved under number 2014/8136 dated 23.2.2014

Chapter One: Establishment of the Company

Article 1

A Qatari Shareholding Company has been established among the shareholders in accordance with the provisions of the Law of Commercial Companies promulgated by Law No. 11 of 1981 and its amendments, which was repealed in turn by the provisions of the Law of Commercial Companies promulgated by Law No. 5 of 2002, and in accordance with the provisions which are set out hereinafter:

Chapter One: Establishment of the Company

Article 2

The Name of the Company:

Qatar Industrial Manufacturing Company (QIMC)(Q.S.C.)

Chapter One: Establishment of the Company

Article 3

The Objectives of the Company:

The objectives of the company are to invest its funds in the various available aspects of investment within and outside the State of Qatar, based on proper commercial and economic basis, in order to realize profits for the shareholders. The company shall undertake the following in particular:

1.     Establishment of industrial projects, within and outside the State of Qatar, based on commercial, economic and technical feasibility studies; and to operate and manage such projects on commercial basis.

2.     Contribution, participation and acquisition of industrial companies and projects within and outside the State of Qatar.

3.     Undertaking commercial and marketing activities for the products of the company and the other companies related thereto.

4.     Formation and acquisition of companies related to the foregoing activities, complementary to such activities, as well as participation in existing and new similar companies.

5.     Undertaking all necessary activities for the realization of the aforesaid purposes or supporting such realization.

6.     To invest funds in such a way as to preserve the value thereof, develop such funds in such a way as to secure speedy revenue from the main activities of the company.

The company may also have interest in other organizations which are conducting business, similar to its business or related activity or  which may assist it in achieving its respective objectives within Qatar or abroad. The company may likewise participate in any manner, with organizations or merge with it, acquire the same or otherwise affiliate therewith.

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