Speaking on Qatar's participation in the deliberations, QTA chairman Issa bin Mohamed al-Mohannadi said: "Qatar is willing to cement its role in common Arab tourism action and invigorate its AMCT membership to enhance partnerships between QTA and its counterpartsin the region.
Participants in the meetings discussed several issues on the agenda, including a study by QTA on the criteria of selecting observers in AMCT meetings.
QTA was invited to participate in the 17th AMCT session in its capacity as the organisation responsible for developing the tourism sector in Qatar.
5 million shares of AMCT and the management contract from AMCT's current manager and assume day-to-day management responsibility for AMCT simultaneous with the consummation of the merger.
AMCT was established in 1998 and was formed to pursue opportunities in acquisition, construction and development lending as well as high-yielding commercial mortgage-backed securities.
The combined company plans to pursue a similar business plan to the one employed by AMCT but expects to benefit from the increased capital base and scale of operations.
Adair, III, the current CEO and a current (and ongoing) member of the Board of Trust Managers of AMCT, noted that "the merger provides AMRESCO Capital Trust with the needed additional capital to execute its business plan over the next year.
Worth, company that TX) consolidates its affiliated physician groups into primary-care-driven multi-specialty networks AMRESCO Capital REIT formed to IPO AMCT
As a result of the company's filing delinquency, Nasdaq changed the company's trading symbol from AMCT
to AMCTE effective August 20, 2001.
As a result, the company's trading symbol was changed from AMCTE to AMCT at the opening of business today.