Qatari Diar's achievements and future outlined at meeting

The meeting discussed Qatari Diar's milestone achievements over the year 2009 together with the unrivalled progress made in all the company's projects. It also shed light on Qatari Diar's robust financial position.

The Ordinary General Assembly meeting was inaugurated with the citation of the board of directors report on the company's activity and financial position for the fiscal year ending in December 2008; then the auditor presented their report together with the profits and losses account for the fiscal years 2006, 2007 and 2008 respectively to be endorsed by the members of the general assembly.

The General Assembly addressed all the items listed on the agenda including the discharge of directors from liability for the fiscal years 2006 and 2007.

It concluded with the appointment of its auditors for the fiscal year 2009 and defining their duties and remuneration.

Qatari Diar's 12th board meeting commenced its proceedings with the endorsement of the minutes of the preceding meeting. The meeting's agenda included a number of substantial matters, which were put to due discussion.

The board meeting proceedings were resumed with a presentation on Qatari Diar's significant achievements in 2008.

Following the presentation, the meeting outlined the company's plans and strategies for the year 2009 together with proposals to reinforce Qatari Diar's strategic and financial position in the real estate development market at the local, regional and international fronts amid the looming challenges.

His Excellency the Prime Minister and Minister of Foreign Affairs, and Qatari Diar's Chairman Sheikh Hamad bin Jassim bin Jabr Al Thani, expressed his pleasure for the considerable advancement achieved by the company in the domestic and international landscape. He also hailed Qatari Diar's promising plans and strategies that augur well to Qatar and the Qatari people.