The board of directors decided in their meenting held on March 01, 2010:
1 - Approved to purchase 276 Acres of land located in south Amman, in the region of Kenitra at price of JDs 7,500 per Acre and total value of JDs 2,365,000
2 - The board authorized the CEO to obtain a loan of JDs 2,300,000 from any commercial bank to finance the purchase of land.
3 - Authorize the CEO to purchase Meethaq second real estate company (limited liability) and register it's total shares in the name of Falcon for Investments and financial services.
4 - Authorize the CEO to record the entire area contained in the purchased land (No. (1)) above in the name of Meethaq second real estate company.