Download app

 

Results of Qatar Islamic Bank Ordinary AGM & EGM
Back to All News Updates

Results of Qatar Islamic Bank Ordinary AGM & EGM

21/02/2019, Doha,Qatar

Results of Qatar Islamic Bank Ordinary AGM & EGM

Assembly General Meeting (AGM) and Extraordinary General Meeting (EGM) of Qatar Islamic Bank shareholders was held on Wednesday and headed by H. E Sheikh Jassim Bin Hamad Bin Jassim Bin Jaber AI Thani, the Bank’s Chairman.  During the AGM the assembly approved the Board of Director’s Report on the results of the Bank and financial statements for the year ended 31/12/2018 and the plan for the year 2019 and External auditors’ report on the financial statements for the year ended 31/12/2018. Additionally, discussions were held to approve the Bank’s balance sheet and profit and loss for the year ended 31/12/2018. The Assembly had approved the board of directors’ proposal to distribute 50% cash dividends of the nominal value per share, i.e., QAR 5 per share. The Board members were exonerated from liability for the year ended 31/12/2018 and approved the remuneration prescribed to them and approved the Bank Governance Report for the year 2018.  Regarding the Extraordinary Assembly attendees had 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.

Back to All News Updates