QIIB held the its Second Ordinary General Assembly meeting during the year 2023, (The alternative appointment - the second due to the lack of a quorum in the first meeting on 7-5-2023) today, Wednesday,  at 5:30 pm corresponding to 17/5/2023, in the Bank’s main building on Grand Hamad Street.

The General meeting approved the agenda for the assembly meeting as follows:

1 – Approved the board of directors’ recommendation to extend last General Assembly approval of the US$ 2.0 billion based on a study for each issuance and different scales of bank needs after getting all necessary approvals from supervisory authorities. The Sukuk should not exceed the bank’s capital and reserves. 

2- Two additional members of the Board of Directors were elected from among the shareholders to complete the current period, which ends on 13/3/2026, so that the number of members of the Board of Directors to 11 members, and the new members are the following:

• AL-TAYEBIN TRADING AND SERVICES CO.  REPRESENTED BY MR. DR. AYEDH DABSAN E A AL-QAHTANI
• FASIL FOR BUSINESS AND REAL ESTATE CO

And adopting FASIL FOR BUSINESS AND REAL ESTATE CO as a reserve member