General Assembly
Pursuant to our announcement on 16 July 2025 regarding the payment of interim cash dividends, QIB is pleased to inform the market that QIB has received approval from the Qatar Central Bank to proceed with interim cash dividend payment.
Please note an interim cash dividend distribution of 40% of the nominal share value (QAR 0.40 per share), will be paid to eligible shareholders as at the close of trading on 24 July 2025.
EDAA will handle the payment of interim dividends in accordance with applicable rules and regulations.
- The Assembly approved the Board of Director’s Report on the results of the Bank and financial statements for year ended 31/12/2024 and discussion of the plan for the year 2025.
- The Assembly approved the Sharia Supervisory Board report.
- The Assembly approved the External auditors’ report on the financial statements for the year ended 31/12/2024.
- The Assembly approved the Bank’s balance sheet and profit and loss for the year ended 31/12/2024.
- The Assembly approved the board of directors’ proposal to distribute an additional cash dividend of 55% of the paid up share capital, i.e. QAR 0.55 per share taking the total cash dividend during the year to 80% of the paid up share capital, i.e. QAR 0.80 per share.
- The Assembly absolved the Board members from liability for the year ended 31/12/2024 and approval of the remuneration prescribed to them.
- The Assembly discussed and approved QIB Governance Report for the year 2024.
- The Assembly approved the nomination of the external auditors of the Bank for the year 2025 and determination of the fees to be paid to them.
Pursuant to the resolution of the Qatar Islamic Bank Q.P.S.C. (“QIB” or the “Company”) Annual General Assembly meeting held on 26 February 2025, the Assembly approved the distribution of cash dividends to the Company’s shareholders of 55% of the nominal share value, equal to QR 0.55 per share, thereby taking the total cash dividend during the year to 80% of the paid up share capital, i.e. QAR 0.80 per share for the financial year ended 31 December 2024.
In accordance with the Qatar Financial Markets Authority (“QFMA”) Board decision No. (7) of 2023 concerning rules of dividend distribution in shareholding companies listed on the financial markets, QIB is pleased to inform its shareholders that Edaa will manage the distribution of their dividends for the year ended 31 December 2024 on behalf of QIB.
Shareholders who registered their bank accounts with Edaa, will have their dividends transferred directly to their relevant bank accounts within the times specified in the aforementioned QFMA board decision. Shareholders who have not yet registered their bank accounts, are kindly requested to provide Edaa with their bank account through the Edaa website, the Edaa mobile application or through the banks collaborating with Edaa.
For further details, Shareholders may contact Edaa at (+974) 4015 0000 or 16014.
The Extraordinary General Meeting (EGM) of Qatar Islamic Bank shareholders was held virtually on Tuesday, 30th April headed by H. E Sheikh Jassim Bin Hamad Bin Jassim Bin Jaber AI Thani, the Bank’s Chairman. The EGM of QIB shareholders’ assembly approved the amendment of the Article (50) in the bank’s Articles of Association, so that dividends are paid to shareholders at the place and on the dates determined by the Board of Directors. The Board of Directors may distribute interim dividends during the year after obtaining Qatar Central Bank’s approval. The Board of Directors may also follow any other method of distribution according to what is determined by the law or the regulatory and supervisory authorities.
Results of QIB’s Annual General Meeting – 21 February 2024
- The Assembly approved the Board of Director’s Report on the results of the Bank and financial statements for year ended 31/12/2023 and discussion of the plan for the year 2024.
- The Assembly approved the Sharia Supervisory Board report.
- The Assembly approved the External auditors’ report on the financial statements for the year ended 31/12/2023.
- The Assembly approved the Bank’s balance sheet and profit and loss for the year ended 31/12/2023.
- The Assembly approved the board of directors’ proposal to distribute 72.50% cash dividends of the nominal value per share, i.e. QAR 0.725 per share.
- The Assembly absolved the Board members from liability for the year ended 31/12/2023 and approval of the remuneration prescribed to them.
- The Assembly discussed and approved QIB Governance Report for the year 2023.
- The Assembly approved the nomination of the external auditors of the Bank for the year 2024 and determination of the fees to be paid to them.
Announcement to the distinguished shareholders
Qatar Islamic Bank (QPSC) is pleased to announce to the valued shareholders that the distribution of the dividend for the year ended 31/12/2023 at QAR 0.725 per share, will commence effective Sunday February 25th, 2024, according to the shareholder’s bank details registered with Edaa.
Announcement:
We request that shareholders update their information with Edaa in order to receive their dividends quickly and accurately.
Following the Extraordinary & Ordinary General Assembly Meeting of QIB held on 22 February 2023, where the members of the Board of Directors for the new cycle 2023-2025 have been elected by acclamation, the first meeting has been held and the board of directors was formed as follows:
- Sheikh Jassim Bin Hamad Bin Jassim Bin Jaber Al Thani (representing Al Mirqab Capital) -Chairman
- Abdullatif Bin Abdullah Al Mahmoud (representing Dar Al Sharq Group) – Vice Chairman
- Mohamed Bin Issa Al Mohannadi – Vice Chairman
- Abdulrahman Abdullah Abdul Ghani – Board Member
- Mansour Mohamed Abdel Fattah Al Muslih – Board Member
- Abdullah Bin Saeed Al Eidah (representing Al Zubara Real Estate Investment Company WLL) – Board Member
- Nasser Rashid Sraiya Al-Kaabi (representing Al Sraiya Holding Group) – Board Member
- Sheikh/ Khalifa Bin Thani Bin Abdullah al Thani (representing Al-Namaa Company for Maintenance and Services) – Board Member
- Sheikh Jassim Faisal Qassim Thani Al Thani (representing Al Faisal International for Investment) – Board Member
- Sheikha Hanoof Thani Faisal Thani Al Thani – Independent Board Member
- Nasser Abdullah Saad Al Mahmoud Al-Shareef – Independent Board Member
QIB is pleased to announce to the valued shareholders that the distribution of dividend for the year ended 31/12/2022 at QAR 0.625 per share, will commence effective Sunday February 26th, 2023, based on the following arrangements:
- Those who have accounts with QIB will get the dividend amounts credited to their account.
- Those who have accounts with other banks and have their details registered with Qatar Central Securities Depository (QCSD) will have the dividend amounts transferred to their accounts at the other banks where they maintain accounts as per the data received from QCSD.
- The remaining cheques will be dispatched to the shareholders as per the addresses registered with QCSD
Announcement:
We request that shareholders update their information with QCSD in order to receive any communications quickly and accurately.
Extraordinary Meeting Results:
- The Assembly approved the modification of some articles in the Bank’s Articles of Association, based on the updated version from the Governance instructions issued by Qatar Central Bank, as per circular (25) for the year 2022.
Ordinary Meeting Results:
- The Assembly approved the Board of Director’s Report on the results of the Bank and financial statements for year ended 31/12/2022 and discussion of the plan for the year 2023.
- The Assembly approved the Sharia Supervisory Board report.
- The Assembly approved the External auditors’ report on the financial statements for the year ended 31/12/2022.
- The Assembly approved the Bank’s balance sheet and profit and loss for the year ended 31/12/2022.
- The Assembly approved the board of directors’ proposal to distribute 62.50% cash dividends of the nominal value per share, i.e. QAR 0.625 per share.
- The Assembly absolved the Board members from liability for the year ended 31/12/2022 and approval of the remuneration prescribed to them.
- The Assembly discussed and approved QIB Governance Report for the year 2022.
- The Assembly approved the Nomination of the external auditors of the Bank for the year 2023 and determination of the fees to be paid to them.
- The Assembly has selected by acclamation the members of the Board of Directors for the new cycle 2023-2025, listed below:
Sheikh /Jassim Bin Hamad Bin Jassim Bin Jaber Al Thani (representing Al Mirqab Capital)
Mr. Abdullatif Bin Abdullah Al Mahmoud (representing Dar Al Sharq Group)
Mr. Mohamed Bin Issa Al Mohannadi
Mr. Abdulrahman Abdullah Abdul Ghani
Mr. Mansour Mohamed Abdel Fattah Al Muslih
Mr. Abdullah Bin Saeed Al Eidah (representing Al Zubara Real Estate Investment Company WLL)
Mr. Nasser Rashid Sraiya Al-Kaabi (representing Al Sraiya Holding Group)
Sheikh/ Khalifa Bin Thani Bin Abdullah al Thani (representing Al-Namaa Company for Maintenance and Services)
Sheikh/ Jassim Faisal Qassim Thani Al Thani (representing Al Faisal International for Investment)
Sheikha/ Hanoof Thani Faisal Thani Al Thani (Independent Member)
Mr. Nasser Abdullah Saad Al Mahmoud Al-Shareef (Independent Member)
Qatar Islamic Bank (Q.P.S.C.) is pleased to announce to the valued shareholders that the distribution of dividend for the year ended 31/12/2021 at QAR 0.575 per share will commence effective Thursday February 24th, 2022, based on the following arrangements:
- Those who have accounts with QIB will get the dividend amounts credited to their account.
- Those who have accounts with other banks and have their details registered with Qatar Central Securities Depository (QCSD) will have the dividend amounts transferred to their accounts at the other banks where they maintain accounts as per the data received from QCSD.
- The remaining cheques will be dispatched to the shareholders as per the addresses registered with QCSD.
Announcement:
We request that shareholders update their information with QCSD in order to receive any communications quickly and accurately.
The Ordinary & Extraordinary Assembly General Meeting of QIB shareholders was held today, Tuesday 22 February 2022, virtually on Zoom. The discussion covered all the points on the meeting agenda and the results are summarized as follows:
Ordinary AGM Results:
- The Assembly approved the Board of Director’s Report on the results of the Bank and financial statements for year ended 31 December 2021 and the plan for the year 2022.
- The Assembly approved the Bank’s balance sheet and profit and loss for the year ended 31 December 2021.
- The Assembly approved the board of directors’ proposal to distribute 57.5% cash dividends of the nominal value per share, (i.e. QAR 0.575 per share).
- The AGM absolved the Board members from liability for the year ended 31 December 2021 and approval of the remuneration prescribed to them.
- Discussed and approved the Bank Governance Report for the year 2021.
- The Assembly nominated Ernst & Young as external auditors of QIB financial statements for the year 2022.
Extraordinary meeting Result:
- The Extraordinary meeting approved the modification of the Bank’s Articles of Association according to law number (8) for the year 2021, which amends some articles of the Commercial Companies law number (11) for 2015.
QIB is pleased to announce to the valued shareholders that the distribution of dividend for the year ended 31/12/2020 at QAR 0.40 per share will commence effective Wednesday February 24th, 2021, based on the following arrangements:
- Those who have accounts with QIB will get the dividend amounts credited to their account.
- Those who have accounts with other banks and have their details registered with Qatar Exchange will have the dividend amounts transferred to their accounts at the other banks where they maintain accounts as per the data received from Qatar Exchange
- The remaining cheques will be dispatched to the shareholders as per the addresses registered with Qatar Exchange
Announcement:
We request that shareholders update their information with QCSD in order to receive any communications quickly and accurately.
The Assembly General Meeting of QIB shareholders was held today, Monday 22 February 2021, virtually on Zoom. The discussion covered all the points on the meeting agenda and the results are summarized as follows:
- The Assembly approved the Board of Director’s Report on the results of the Bank and financial statements for year ended 31/12/2020 and the plan for the year 2021.
- The Assembly approved the Bank’s balance sheet and profit and loss for the year ended 31/12/2020.
- The Assembly approved the board of directors’ proposal to distribute 40% cash dividends of the nominal value per share, (i.e. QAR 0.40) per share.
- The AGM absolved the Board members from liability for the year ended 31/12/2020 and approval of the remuneration prescribed to them.
- Discussed and approved the Bank Governance Report for the year 2020.
- The Assembly approved the increase of the limit for QIB’s USD Sukuk program to become USD 5 billion instead of USD 4 billion, subject to QCB approval.
- The Assembly nominated Ernst & Young as external auditors of QIB financial statements for the year 2021.
The Assembly General Meeting of QIB shareholders was held on Monday 24 February 2020 at the Ritz Carlton Hotel. The discussion covered all the points on the meeting agenda and the results are summarized as follows:
- The Assembly approved the Board of Director’s report on the results of the Bank, and the financial statements for year ended 31/12/2019. They also approved the plan for the year 2020.
- The Assembly approved the Bank’s balance sheet, and profit and loss, for the year ended 31/12/2019.
- The Assembly approved the board of directors’ proposal to distribute 52.5% cash dividends of the nominal value per share, i.e. QAR 0.525 per share.
- The AGM absolved the Board members from liability for the year ended 31/12/2019 and approved the remuneration prescribed to them.
- Discussed and approved the QIB Corporate Governance Report for the year 2019.
- Approved issuance of tradeable certificates of deposits for the value of USD 2 billion, subject to QCB approval.
- The Assembly nominated KPMG as external auditors of QIB financial statements for the year 2020.
- The Assembly has selected by acclamation the members of the Board of Directors for the period 2020-2022, listed below:
- Sheikh Jassim Bin Hamad Bin Jassim Bin Jaber Al Thani (representing Al Mirqab Capital)
- Abdul Rahman Abdulla Abdul Ghani Al Abdul Ghani
- Abdullatif Bin Abdulla Zaid Al Mahmoud (representing Dar Al Sharq Group)
- Sheikh Abdulla Bin Khaled Bin Thani Al Thani (representing Al Naera Investment Co.)
- Abdulla Saeed Mohamad Al Eida (representing Al Zubara Real Estate Investment)
- Sheikh Ali bin Ghanem bin Ali Al Thani (representing Ali bin Ghanem Al Thani Group)
- Mohammed bin Issa Hamad Al Hassan Al Mohannadi
- Mansour Mohammed Abdelfatah Al Musleh
- Nasser Rashid Saria Al Kaabi (representing Al Saria Group)
The Board of Directors held its first meeting, immediately after the General Assembly Meeting, at which His Excellency Sheikh Jassim bin Hamad bin Jassim bin Jaber Al Thani was selected as Chairman of the Board of Directors, and Mr. Abullatif bin Abdulla Zaid Al Mahmoud as the Vice Chairman.
Jassim Bin Hamad Bin Jassim Bin Jaber AI Thani
QIB Chairman
Assembly General Meeting of QIB shareholders was held on Wednesday 20th February 2019. Meeting results summarized as follows:
Assembly General Meeting Results:
- The Assembly approved the Board of Director’s Report on the results of the Bank and financial statements for year ended 31/12/2018 and the plan for the year 2019.
- Approved the External auditors’ report on the financial statements for the year ended 31/12/2018
- The AGM Discussed and approved the Bank’s balance sheet and profit and loss for the year ended 31/12/2018.
- The Assembly approved the board of directors’ proposal to distribute 50% cash dividends of the nominal value per share, i.e. QAR 5 per share.
- The AGM absolve the Board members from liability for the year ended 31/12/2018 and approved the remuneration prescribed to them.
- Approved the Bank Governance Report for the year 2018.
- The Assembly nominated KPMG as external auditors of QIB financial statements for the year 2019.
The Extraordinary Assembly Meeting:
The Extraordinary Assembly approved the amendment of the Articles of Association of the Bank to comply with the listing condition of dividing the book value per share to 1 QAR instead of 10 QAR, as per instructions from Qatar Financial Markets Authority, in addition to amendments to principles and standards of governance, as per the concerned authorities. The Articles of Association amended by QIB EGM are in the below:
Article (6)
“The Company’s capital shall be (2.362.932.000) two billion three hundred and sixty-two million nine hundred and thirty-two thousand Qatari riyals subdivided into (2.362.932.000) two billion three hundred and sixty-two million nine hundred and thirty-two thousand shares; each share’s value shall be one Qatari riyal”.
Article (22)
A member of the Board of Directors shall be:
- “a shareholder and an owner, at the time of being elected or within thirty days of being elected, of (2.500.000) shares of the Company’s capital to guarantee the rights of company, shareholders, creditors and third parties from responsibilities that falls on the Board of Directors …”
Article (25)
“The Board of Directors’ Meeting shall be held by an invitation of its President in accordance with the conditions stipulated in Articles of Association of the Company, and the President shall invite the Members of the Board to meet, if at least two of its members, so request. The Chairman’s invitation to each member is to be made at least one week prior to the meeting and should include the meeting agenda. Moreover, any member shall be entitled to add one or more items to the agenda. The number of meetings shall not be less than six, during the same fiscal year. Accordingly, the quorum of meeting of Board of Directors shall be valid only if attended by the majority of members, provided that the Chairman or Vice-Chairman shall be present….”
Article (38)
“The Ordinary General Assembly shall be held at the Company’s Headquarters, at least, once a year during the four months following the end of the Company’s fiscal year. In addition, the Board of Directors may invite the Ordinary or Extraordinary General Assembly, whenever, the need arises. Furthermore, it shall invite them to hold a meeting, whenever, requested by the Auditor or a number of shareholders representing not less than ten (10) percent of capital in case of the Ordinary General Assembly, and a number of shareholders representing not less than twenty-five percent (25) of the Company’s capital in incase of the Extraordinary General Assembly, in accordance with the procedures prescribed by Law and governing Regulations”
QIB Ordinary and Extraordinary Assembly General Meeting shareholders was held on Wednesday 21 February 2018. Meeting results summarized as follows:
Results of QIB Ordinary AGM:
1 – The Assembly approved the financial statements and results for the financial year 2018.
2 – The Assembly approved the distribution of dividends to shareholders at the rate of 50% of the nominal value of share capital (i.e.QR 5 per share).
3 – Absolve the Board members from liability for the year ended 31/12/2017 and approval of the remuneration prescribed to them.
4 – Approved QIB Governance Report for the year 2017.
5 – The AGM approved the increase and renewal of the Bank’s Sukuk program as follows:
- Renewal of the QAR 7.5 billion limit for the Additional Tier 1 (AT1) Perpetual Sukuk of which QAR 4 billion is utilized
- Increase the limit of QIB Sukuk program in USD to a maximum of USD 4 billion instead of USD 3 billion.
6 – The Assembly nominated KPMG as external auditors of the Bank for the year 2018 and determination of the fees to be paid to them.
Results of the Extraordinary EGM
- QIB Extraordinary EGM approved the amend of the Articles of Association of the Bank to adjust its position in accordance with the Commercial Companies Law No. 11 of 2015 and the principles of governance.
- The Extraordinary EGM approved the increase in percentage ownership of the Non-Qataris in the Bank’s capital to 49% instead of 25%.
Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, has held the Assembly General Meeting of the shareholders, on Tuesday 21 February 2017, at Four Seasons Hotel. Meeting results summarized as follows:
1- The Assembly approved the financial statements and results for the financial year 2016.
2- The Assembly approved the distribution of dividends to shareholders at the rate of 47.5% of the nominal value of share capital (i.e. QR 4.75 per share).
3- The Assembly approved the Board of Director’s recommendations to increase the limit of the perpetual Sukuk “Additional Tier 1 Capital (AT1) Sukuk“ from QAR 5 Billion to QAR 7.5 Billion.
4- The Assembly appointed KPMG as external auditors of QIB financial statements for the year 2017.
5- The Assembly has selected board members for the period 2017-2019, after the withdrawal of 2 board nominees. The board members for the new period are:
- Sheikh Jassim Bin Hamad Bin Jassim Bin Jaber Al Thani (representing Al Mirqab Capital )
- Mr. Abdul Rahman Abdulla Abdul Ghani Al Abdul Ghani
- Mr. Abdullatif Abdulla Al Mahmoud (representing Dar Al Sharq Group)
- Sheikh Abdulla Bin Khaled Bin Thani Al Thani (representing Al Naera Building Materials Company)
- Mr. Abdulla Saeed Mohamad Al Eida (representing Al Zubara Real Estate Investment)
- Sheikh Ali bin Ghanem bin Ali Al Thani (representing Ali bin Ghanem bin Ali Al Thani Group)
- Mr. Mohammed bin Issa Al Mohannadi
- Mr. Mansour Mohammed Al Musleh
- Mr. Nasser Rashid Al Kaabi (representing Al Sraiya Group)
The first meeting of the newly selected board members elected Sheikh Jassim bin Hamad bin Jassim bin Jaber Al Thani as Chairman and Mr. Abullatif bin Abdulla Al Mahmoud as the Vice Chairman of the Bank.
