QIIB AGM Shareholders Decisions for the year of 2019

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QIIB AGM held on Monday 9/03/2020 has approved all agenda items which are as the follow:

 

1-        The Board of Directors presented to the bank shareholders its report over the bank's activities and the financial position for the year ended 31/12/2019 which includes the bank's strategy, the AGM approved.

2-        Sharia Supervisory Board presented their report by Sheikh Dr. AbdulSattar Abu Ghudda for the year 2019.

3-        External auditors' presented their report on the bank's financial statements for the year ended 31/12/2019.

4-        Approval of the bank Governance report for the year ended 31/12/2019.

5-        Approval of the bank financial statements for the year ended 31/12/2019.

6-        The General Assembly approved the Board of Director's recommendations to pay 42.5% of the bank capital as cash dividends, equivalent to QR 0.425 per share.

7-        The General Assembly agreed to discharge the Chairman and Members of Board of Directors from all responsibilities for the financial year ended on 31/12/2019 and approved the board remunerations.

8-        The General Assembly approved board of directors recommendation to extend last year General Assembly approval to issue Additional Tier1 Sukuk nonconvertible into an ordinary shares up to QR 3.0 billion (Issued Sukuk should not exceed the bank’s capital and reserves), and delegate the bank board of directors' to decide the size of each issuance ,terms and conditions, issuance currency after getting all necessary approvals from supervisory authorities

9-        The General Assembly board of directors recommendation to extend last year General Assembly approval of the US$ 2.0 billion Sukuk programme (which it's already approve in 2019 AGM) and delegate the bank board of directors' to decide the size of each issuance, terms and conditions, issuance currency after getting all necessary approvals from supervisory authorities (Issued Sukuk should not exceed the bank’s capital and reserves).

10-   Appointing  the  Sharia Board for a period of three following  years as follows :

    • Sh./Dr. Walid Bin Hady
    • Shi./Dr. Abdulsattar Abu Goda
    • Sh./Dr. Mohammed Ohmain

11-   The AGM unanimously agreed to appoint the new Board of Directors for the next period of three years, as follows:

        1. DANAT ALSAFA Co. represented by ;  Sheikh Dr. Khalid Bin Thani Abdulla Al-Thani
        2. Al Taqa Real Estate & Contracting Co. represented by ;Sheikh Abdulla Bin Thani Abdulla Al-Thani
        3. Qatar Islamic Insurance co.; Represented by ; Sheikh Turki Bin Khalid Thani Al-Thani
        4. Medicare Group Company represents by ; Mr. Walid Ahmad Al Saadi
        5. FASYL FOR BUSNINESS &REAL ESTATE Co. represents by ; Mr. Ali A.Rahman Al-Hashemi
        6. Al Kara Reading Co. represented by; Mr. Hesham Mostafa El-Sahatry
        7. Mr. Hassan Abdullah Hassan Al Thawadi (Independent Board member)
        8. Independent Board member (The AGM has authorized the Board of Directors to appoint after obtaining the required approval of Qatar Central Bank).
        9. Independent Board member (The AGM has authorized the Board of Directors to appoint after obtaining the required approval of Qatar Central Bank)

12-   The AGM approved the appointment of PWC as External Auditors for year 2020

After the end of the annual general assembly meeting, a meeting of the Board of Directors was held and the election of His Excellency Sheikh Dr. Khalid Bin Thani Abdulla Al-Thani as Chairman and Managing Director.