Al Khaliji Holds AGM and EGM On 20/2/2017 and Announces
the Agenda
February 05,
2017
The Board of Directors of Al
Khaliji Commercial Bank (al khaliji) Q.S.C.
would like to invite you to attend the
Annual General Assembly (“AGA”) and the
Extraordinary General Assembly (“EGA”) of al
khaliji Shareholders at the Four Seasons
Hotel – Doha, Al Daibel Ballroom, on Monday,
20 February 2017 at 04h00 P.M.
In case a quorum is no met, both
meetings shall be deferred to Monday 27
February 2017 at the same time and venue
mentioned above.
The AGA and
EGA meetings of al khaliji will consider and
approve the items on the following agenda:
Agenda of the Ordinary General
Assembly:
1. To review and endorse the Board of
Directors’ report on the Company’s
activities and its financial position for
the year ended 31 December 2016 and the
Company’s future plans;
2. To review and endorse the External
Auditor’s Report on the Company’s financial
position and the accounts submitted by the
Board for the year ended 31 December 2016;
3. To discuss and endorse the
Company’s financial statements and income
statement for the year ended 31 December
2016;
4. To consider and approve the proposal of
the Board regarding the distribution of cash
dividends in the rate of 7.5% of the share
nominal value (QAR 0.75 per share) for the
year ended 31 December 2016;
5. To absolve the Board members
from any liability and fix their
remuneration for the financial year ended 31
December 2016;
6. To discuss and endorse the
Corporate Governance Report for the year
2016;
7. To appoint the External Auditor of the
Company for the financial year 2017 and fix
their fees;
Agenda of
Extraordinary General Assembly:
1.
To approve amendment of last paragraph of
Article (11) of the Bank’s Articles of
Association (AoA) as shown below and some
definitions to comply with Qatar Central
Bank’s requirements and authorize the
Chairman of the Board and/or Vice Chairman
and/or whomever the Board may delegate to
sign the final version of amended AoA and
complete the required formalities subject to
necessary regulatory approvals:
Before Proposed Amendment
“Total shares held by a single shareholder
other than a shareholder that is a
Government Controlled Entity shall not
exceed 10% of the total capital share. Any
Government Controlled Entity may hold more
than 10% of the total capital share.”
After Proposed Amendment:
“Total shares directly or
indirectly owned by a single shareholder,
whether such single shareholder is a natural
or legal person, must not exceed 5% of the
Company’s total capital share. Nevertheless,
a single shareholder, whether natural or
legal person, may hold up to 10% of the
Company’s total capital share provided that
a prior approval is obtained from Qatar
Central Bank upon a recommendation from the
Board of Directors in accordance with the
relevant applicable Qatar Central Bank’s
controls and instructions. A shareholder
that is a Government Controlled Entity is
exempted from the stipulations of this
clause and may hold more than 5% of the
total capital share. Al Faisal
International for Investment, a Qatari
Private Shareholding Company, CR No. 43049,
may own, directly or indirectly, up to 7.33%
of the Company’s total capital share in
accordance with QCB Resolution No. (53) of
2016 dated 3/11/2016 and its requirements.
Union Investment House, a Bahraini Single
Person Company, CR No. 53688-1, may own,
directly or indirectly, up to 6.67% of the
Company’s total capital share in accordance
with QCB Resolution No. (49) of 2016 dated
2/11/2016 and its requirements.”