Investment Holding Group Q.P.S.C. has signed a share swap contract with the sellers of the shares of Elegancia Group LLC as part of its acquisition of the company.
The contract, however, will not result in any legal effect until after obtaining the approval of the Qatar Financial Markets Authority and all the regulatory authorities and the shareholders of the Investment Holding Group Q.P.S.C in an extraordinary general assembly.
The company, according to a statement it released, will follow and implement all laws and instructions issued by the Qatar Financial Markets Authority, Qatar Stock Exchange and all the competent regulatory authorities, obtain all necessary approvals from authorities and the approval of the group’s extraordinary general assembly, and disclose any developments as soon as they occur.