Nomination for QIB’s Board of Directors is now open
17/12/2019, Doha,Qatar
The QIB Board of Directors has announced to the shareholders the Opening Nomination for Membership of Board of Directors in its new session for the next three (3) years (2020-2022), as of this morning, Tuesday December 17, 2019 until one o’clock on Thursday December 26, 2019 for those who fulfill the following conditions:
The candidate shall not be less than 21 years of age and shall have full legal capacity.
The candidate shall be a shareholder and own a number of shares not less than (2,500,000) shares in QIB. These shares shall be deposited in the competent authority as of the date of the commencement of membership and shall be allocated to guarantee the equities of shareholders, creditors and third party for the liability that may be on the members of the Board of Directors. Such shares shall remain in deposit and not subject to trading, pledge or hold until the membership term comes to an end.
The candidate shall not be convicted of a criminal penalty or crime involving moral turpitude, dishonesty, or of any of such offenses referred to in Commercial Companies Law No. (11) of (2015) and Law No. (8) of 2012 concerning Qatar Financial Markets Authority (QFMA), or has been declared bankrupt, unless he has been rehabilitated.
The candidate shall not be a board member for more than three (3) joint-stock companies, whose headquarters are in Qatar.
The candidate shall not be chairman or vice president for more than two (2) companies, whose headquarters are in Qatar.
The candidate shall not be a managing director for more than one (1) company, whose headquarter is in Qatar.
The candidate shall not be a board member for two (2) companies of similar activity.
Shareholders wishing to apply for nomination will need to visit the Secretariat of the Board of Directors on the 5th floor of the main headquarter, Grand Hamad St. to fill the required forms for nomination, see the details of the specific conditions, and submit the required documents before the end of the period specified above.
Elections shall take place during the Ordinary General Assembly Meeting scheduled to be held on 24/02/2020.
For inquiries, please call: 40334554 during the official working hours.
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