The QIIB Annual General Meeting (AGM) was held on Tuesday (14/03/2023) headed by H.E Sheikh Dr. Khalid Thani Abdullah Al Thani and the representative from QCB, Ministry of Commerce and Industry.

The below agenda items were discussed and approved by the honorable shareholders as follows: 

• The Board of Directors presented its report over the bank's activities and the financial position for the year ended 31/12/2022, which includes the bank's future strategies.
• Sharia Supervisory Board presented their report for the year 2022.
• Approval of External auditor’s report for the financial year 2022.
• Approval of Corporate governance report for the year 2022.
• Approval of the bank financial statements for the year ended 31/12/2022.
• The Bank’s AGM approved the board recommendation to distribute 40% cash dividends of the nominal value (i.e. QAR 0.40 per share).
• The Bank’s AGM discharge the bank’s board of directors from all responsibilities for the financial year ended on 31/12/2022.
• The Bank’s AGM approved the board of director’s remunerations for the year2022 and the Board of Directors remuneration, allowances, and incentives Policy.
• The Bank’s AGM discussed and approved the board recommendation to issue Sukuk qualified as Tier 2-Capital up to US$ 500 million, subject to obtaining the necessary approvals from the supervisory authorities providing that, the conditions and size of the issuance will be after the study of the bank’s needs and market conditions. 

• The Bank’s AGM discussed and approved to extend last year AGM approval of the US$ 1.0 billion Sukuk program, 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. 

• The Bank’s AGM discussed and approved to extend last year AGM approval to issue Additional Tier-1 Sukuk nonconvertible with the same rules and regulations. Issued Sukuk should not exceed 50% of the bank’s capital based on rules set by regulatory authorities in this regard. 

• The General Assembly approved the renewal of Sharia Supervisory Board for the upcoming three years as follow : 

• /Dr. Walid Bin Hady (Head of the Shariaa Supervisory Committee )
• /Dr. Abdulaziz AlQasar (Committee Member )
• /Dr. Ahmed Ahmin (Committee Member )

• Appointment of the board of directors for the upcoming three years as follows :

1. The 6 non-independent board members were elected by acclamation from the shareholders as below :
   • AL-TAQA REALESTATE AND CONTRACTING  Represented by His Excellency  SHK ABDULLA  THANI  ABDULLA AL-THANI
   • QATAR ISLAMIC INSURANCE CROUP Represented by His Excellency  SHK TURKI KHALID THANI AL-THANI
   • DANAT AL-SAFA INVESTMENT  W.L.L Represented by His Excellency   SHK HAMAD ABULAZIZ NASER AL-THANI
   • MEDICARE GROUP QSC Represented by His Excellency  SHK ABDULLA  KHALID THANI AL-THANI 
   • ALKARA TRADING Represented by His Excellency   SHK THANI ABDULLA  THANI AL-THANI
   • INMA HOLDING Represented by Mr.  RASHID NASSER RASHID S AL-KAABI

1. After elections were held for the members nominated for the independent member’s category, three members were elected according to the following order of votes. :
   • His Excellency/ HASSAN ABDULLA H R AL-THAWADI
   • SHAHEEN JASSIM H AL-SULAITI
   • WALEED AHMAD IBRAHIM ALSADI

His Excellency / ALI A.ALATIF M ALMESNED ALMUHANADI and Mr. MOHAMAD OUJAN S A AL-HAJRI as reserve independent board members

(AGM approved the Principles and criteria for Board of Directors policy).

 The General Assembly approved to appoint KPMG Company as the bank’s external auditors for the year 2023.

After the end of the Annual General Assembly meeting, the Bank’s External Auditor announced the postponement of the Extraordinary General Assembly meeting due to the lack of a quorum, so that the second (reserve) meeting will be on next Monday dated 20^th March 2023, at the same time and place.