The Board of Directors of QIIB is pleased to invite the Shareholders for the third Extraordinary General Meeting to be held at 5:00 pm, Tuesday 19th April 2016 in Alroushana Hall at Diplomatice club to consider the amendment of the Bank's Articles of Association in accordance with the Commercial Companies Law No. 11 of 2015 and the reference model issued by the Ministry of Economy and Commerce.
The Agenda of the meeting will be as follows:
a - Amendment of Article-7- (of the new amended model) – (( Regarding the Maximum owns in banks shares to be as Qatar Central Bank instructions in this regard ))
b- Amendment of Article -23- (of the new amended model) regarding the number of board members where the company is managed by a board of directors consisting of (9) members elected by the Ordinary General Assembly via secret voting instead of 11 members; amendment of the board membership's conditions where a non-independent board member must own 200 thousand shares (instead of 0.25% ratio); and add a paragraph to allow the appointment of independent members appointed by one-third (three members) according to the content of the amended Articles of Association.
c- Cancellation of Article -25- (of the old Article) regarding the grant of loans or mortgage or sale of the Bank's Real Estate.
d- Amendment of Article -62- (of the new amended model) where the Legal Reserve should determined by 100% of the issued and paid-up capital instead of 50% as per the old Articles of Association .
e - Amendment of Article -75- (of the new amended model) regarding the appointment of the Shariah Supervisory Board of the Bank.