Gulf Cement Company announces the results for its Ordinary and Extra-Ordinary Assembly meetings which were held on February 26, 2008. The following resolutions were approved: Ordinary Assembly Meeting’s Agenda 1-Endorsing the company’s Balance Sheet and profit and Loss (P&L) Statements for the period ending December 31, 2007. 2-Approving the Board of Director’s suggestions in transferring the profits into retained earnings. 3-Discharging the Board of Directors’ responsibilities for the period ending December 31, 2007. 4-Authorizing the Board of Directors in regards to selling and pledging the company’s real estates as well as loans. 5-Approving the purchase of a piece of property (land) for investments. 6-Appointing Deloitte and Touche as External Auditors for the next financial year (2008). Extra-Ordinary Assembly Meeting’s Agenda 1-Converting into a holding company. 2-Amending Article(s) (2) and (3) of the company’s Article and Memorandum of Association to amend the company’s name to Gulf Holding Company (Q.S.C.) and including the company’s purpose to the current one. 3-Amending Paragraph (3) of Article (32) of the company’s Article of Association to increase the number of shares that must be owned by a board member from 40,000 shares to 1% (one percent) of the total issued shares of the company after appointing a new board of directors. 4-Amending Article (46) of the company’s Article of Association in regards to the Board of Directors remuneration. (A lump-sum payment to the board of directors in case of not realizing any profits or during pre-operational years provided that these payments shall not exceed QR 200,000/year. 5-Approving the percentage increase of Non-Qataris holdings to 49% and fulfilling all necessary legal procedures. © Copyrights Doha Securities Market