Salam International

FAQ

Q: Where are Salam shares being traded?

A: Salam shares are traded at the Doha Securities Market, and the Dubai Financial Market.

Q: What procedures are followed for share trading at the Dubai Financial Market and the Doha Securities Market?

A: The procedures are as follows:

The process of buying and selling shares is done exclusively through one of the markets. Salam will not be involved with the selling or purchase of shares, on behalf of the shareholders or non-shareholders.
The shareholders who want to either sell or purchase shares needs to complete the documentation necessary for the selling or purchasing of original shares depending on their requirement. The documentation must include the name of the shareholder, the number of shares he/she wants to sell or purchase, the price of buying or selling, and the name of the company he/she wants to sell/ purchase, and the order must be signed.
If the shareholder wants to sell, he/she needs to show his/her account number and the bank he/she is dealing with, in order to transfer the net value of the shares being sold, to the mentioned account. (It is necessary that the shareholder's signature be confirmed by the bank he/she is dealing with).
The order of selling or buying is sent after completing the forms, signing, and signature ratification, attached with ID or passport copy, to an accredited brokerage company in one of the two markets. For more information on the approved brokerage companies, please visit:

Doha Securities website: http://www2.dsm.com.qa
Dubai Financial Market website: http://www2.dfm.ae

After the completion of the documentation, the sale process is carried out according to the rate as at the sale date; this rate is determined by supply and demand. After the deduction of mediator commission and financial market commission from sale value, the mediator will transfer the net sale value of the shares to the shareholder account, indicated in the order of sale, and the shareholder seller will pay transfer fees. Note that there is a high and low specific rate in each market.

The timing of shares dealing at the Doha Securities Market is: 9:00 to 11:30 am, Sunday to Thursday, and at the Dubai Financial market: 10:00 am to 1:00 pm, Saturday to Thursday, except on official holidays in Qatar and the United Arab Emirates.

Q: When were Salam International shares put up for dealing at the Doha Securities Market?

A: In 1999. The shares were put up at the Dubai Financial Market on 11/7/2006.

Q: How much is the SIIL capital? And what is the number of its shares?

A: The SIIL fully paid capital is 931,516,880, Q/R divided into 93,151,688 shares.

Q: How can someone find out the Salam share rate?

A: Visit: Doha Securities Market website: http://www2.dsm.com.qa
Or Dubai Financial Market website: http://www2.dfm.ae

Q: How can someone amend or change a shareholder address?

A: Visit Doha Securities Market website: http://www2.dsm.com.qa
Click application form (as shown below), fill the form and send it to the market.

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Q: What is the overall company's strategy?

A: Salam International aims to become one of the most successful diversified public-shareholding companies in the Middle East, an inspiring example for regional family groups.

It will measure its success by the ability to:

Achieve sustainable, profitable growth.
Create long-term value for its shareholders.
Be the preferred partner of its customers and suppliers.
Develop people and the communities in which it operates.

It will achieve its vision by continuously adding to its historical strength and values:

Nurturing a performance culture throughout the group, where managers think and behave as entrepreneurs.
Seizing strategic growth opportunities in the existing core business and through mergers and acquisitions.
Setting the Salam standards for quality and service excellence in all Group activities.
Managing business with integrity and transparency.

Q: What are companies owned by SIIL?

A: Salam International owns 100% of the following companies:

Salam Industries – Qatar.
Salam Media Cast – Qatar.
Qatar Gardens - a branch of the International Trading & Contracting Company – Qatar.
Salam IT Services – a branch of Omnix Qatar – Qatar.
Stream Industrial & Engineering – Qatar.
Alu Nasa – Qatar.
Omnix Qatar – Qatar.
International Trading & Contracting Company – Qatar.
Gulf industries refrigeration & Catering – Qatar.
Salam Petroleum Services - Qatar.
Salam Enterprises – UAE.
Atelier 21- UAE.
Salam Media Cast – UAE.
Salam Enterprises a branch of International Trading & Contracting Company – Qatar.
Modern Decoration – UAE.
Salam Studio & Stores – Qatar.
Salam Studio & Stores – UAE.
Salam Studio & Stores – Oman.
Salam Arabia Trading Est – Kuwait.
Salam Trading Enterprises – Jordan.
Marketing Middle East – UAE.

In addition, Salam has many direct investments and corporate enterprises in many Arab countries such as: 1. Jordan, 2. UAE, 3. Palestine, 4. Saudi Arabia, 5. Oman.

Salam also owns 37% of Salam Bounian development's Capital.

For more information please visit:
http://www.salaminternational.com

Q: What is Salam code at the Doha Securities Market, and the Dubai Financial Market?

A: The Salam International code at the Doha Securities Market is: (SIIS), and at the Dubai Financial Market is: (SALAM).

Q: When does the financial year of SIIL end?

A: On the 31st of December of each year.

Q: When are the financial statements announced?

A: The company disseminates the following financial statements reports during the mentioned periods:

Financial statements for the first quarter: to be announced and disseminated in three weeks following the end of the first quarter of the year.
Financial statements for the second quarter (bi-annual): to be announced and disseminated in 45 days followed by the end of 6 months of the relevant year.
Financial statements for the third quarter: to be announced and disseminated in the three weeks following the end of third quarter of the year.
Financial statements for the forth quarter (final statements): to be announced and disseminated in 3 months following the end of the relevant year.

Q: Who are the company's auditors for accounts?

A: The General Assembly appoints the company's auditors for accounts for a period of one year, and may re-appoint the person again, provided that is does not exceed a period of five years of continuous recruitment. The appointed auditor has to be registered in the ministry.

Q: How will someone know the SIIL financial statements?

A: You can visit www.salaminternational.com or the Doha Securities Market website.

Q: When is the General Assembly Meeting usually held?

A: During the first four months of the new financial year.

Q: When are the profits are distributed?

A: As per the General Assembly approval.

Q: When can the shareholder access his/her profits?

A: After last trading day has closed, prior to General Assembly Meeting, or according to the Board of Directors suggestions, which are approved by the General Assembly.

Q: Are there any quarter or bi-annual profits?

A: There are only yearly profits, according to the Board of Directors suggestion, as approved by the General Assembly on profits Proportion.

Q: Does the company give cash profits or free shares?

A: The profits proportion and nature of it is determined according to the financial results, depending on the Board of director's suggestions, approved by General Assembly.

Q: What was the profit proportion during previous years?

A:

6% cash in 2002.
7% cash in 2003.
10% free shares in 2004.
8% cash in 2005.
10% cash in 2006.
12.5 free shares in 2007.

Q: Will the company transfer profits to shareholders living outside Qatar?

A: Yes, but the shareholder must pay transfer fees then, so he/she should fill an application with his/her bank account number, name of the bank, and the name of the beneficiary.

Q: Are there any taxes on profits or free shares?

A: This is related to tax legislation in Qatar. For the time being dividends are exempt from income tax. The company is committed to follow any new legislation that maybe issued in Qatar.

Q: What are the development phases in Salam international?

A: Salam International Investment Limited is the first Qatari Company has operations in diverse business; the company owns and manages over twenty five business units in Qatar, UAE, Oman, Kuwait, Jordan, Palestine.

Salam International Investment Limited is a listed public Qatari shareholding company, established on 14/January/ 1998 by Emiri Decree no: 1 in 1998, with a paid capital of $ 50,000, the company had important developments since then, many companies and business units merged.

On 30/ June/ 2002, the general assembly decided to approve merging some companies in Qatar and UAE, and raise the company's capital by 170.000.000 Qatari riyals, which is the fair market value of the merged companies. The change unit and the nominal value of the company's shares were changed from American dollar to Qatari riyal. And it has increased the company's capital to 243,000,000 Qatari riyals divided into 24,300,000 shares, nominal value of 10 Qatari Riyals each share.

The General Assembly decided in its extraordinary meeting on 17 / 4 / 2005 to approve the capital increase to 181.300.000 Qatari riyals, the total paid capital became 424.300.000 Qatari riyals.

Therefore, the General Assembly decided the company's extraordinary meeting on 26 / 10 / 2005 to approve the merger of Salam Group and its subsidiaries in the company, and raised capital by 403,715,000 Qatari riyals, Which is the fair value of the merged companies, bringing the company's capital to a paid 931,516,880 Qatari riyals.

Salam International has a large shareholders belonging to 56 different nationalities. Most of them are Qatari and Gulf citizens, besides residents in the GCC.

Q: Who are Board Of Directors' members?

A: Board Of Directors' members for the years 2006 - 2009 are:

Mr. Issa Abdul Salam Abu Issa, Chairman.
Mr. Hussam Abdul Salam Abu Issa, Vice Chairman.
Dr. Hamad Abdulaziz Al-Kawari, member.
Sheikh Hassan Bin Sultan Al-Thani representing Abraj Real Estate Development Company, member.
Mr. Hani Abdul Qader Al Qady representing Palestine Investment Bank, member.
Sheikh Nawaf Bin Nasser Al-Thani representing Doha Insurance Company, member.
Mr. Adel Abdulrahman Al Mannai, member.
Mr. Mohammed Khaled Al Mana, member.
Mr. Mustafa Khalil Miqdady, member.
Mr. Nasser Suleiman Haidar, member.
Mr. Bassam Abdul Salam Abu Issa, member.
Dr. Adnan Ali Steitieh, Secretary to the Board.

Q: What are the conditions for council membership?

A:
He must be at least 21 years old.
He must not have been convicted of any criminal penalty or dishonest or in the Secretariat of the crimes referred to in Articles (324), (325) of Law No. (5) Of 2002 (Business Companies Law).
He must own at least (10.000) ten thousand shares of the company's shares.
There should not be any violation of the provisions of the article (97) of Law No. (5) of 2002 (Business Companies Law).

Appointed members:
Everyone owns a rate of (10%) of the company's shares, has the right to be a member of the company's board, or to appoint a representative of him, although if he was not on of the shareholders.
Everyone has multipliers of the percentage (10%) of the company's shares; he has the right to appoint his representative in the membership of the Council, even if he was not one of the shareholders, as (10%) of the company's shares for each appointed person. Including the owner.

Q: Are there certificates of shares?

A: No certificate will be issued for shares, as the shares restricted to the records of the Doha Securities Market, where could request a shareholder account, which considered a formal document.

Q: What is the proper time to sell or buy?

A: The company is not allowed to provide advice or recommendations on the process of buying or selling, ask your financial consultant or your mediator in the market.

Q: Has it been indivisible shares before?

A: Shares division is not the system that Doha Securities Market works with.

Q: How can I inquire and get more information?

A: Contact numbers:
+974 4833542, +974 4830439
Fax: +974 4833576
E-mail: investor@salaminternational.com