Shareholders approve Dandy's conversion into Qatari public shareholding company

03/11/2026 05:51 AST

Shareholders of Dandy Ltd have approved its conversion and incorporation into a Qatari public shareholding company, marking a key milestone towards its listing on the Qatar Stock Exchange (QSE).

The approvals, held during the company's Constitutive General Assembly, complete the constitutive stage of Dandy's transition to a public shareholding company.

The company will now proceed, in coordination with the relevant authorities, with the remaining steps to complete its conversion, including the issuance of its updated commercial registration, and its listing on the main market of the QSE.

Further information, including the anticipated listing date, will be announced once the necessary approvals have been obtained.

Excess subscription amounts, if any, will be refunded through the receiving banks no later than November 3.

The meeting also witnessed the confirmation of the first board of directors, as appointed by the founders in accordance with the company's Articles of Association, for a five-year term commencing from the date of conversion.

The board comprises Sheikh Mansoor Mohamed J M al-Thani (representing Albasateen Co for Real-estates), chairman; Sheikh Jabor Mohd H A al-Thani, vice-chairman; Sheikh Thamer Mohamed J M al-Thani (representing Seven Brothers Holding Co), managing director; and directors Amjad Mohammed R A Abo (representing Future Investment); Mohammed Ziada Taha Abdelrazig (representing Horizon Investment Co); Nasser Ahmed M al-Meer; and Sameer Saeed A F al-Amoudi.

Gulf Times