Ahli Bank Announces the Agenda for Its AGM and EGM
Expected on March 07, 2017
February 19,
2017
The Board of Directors of Ahli Bank invite
its shareholders to attend the Annual
General Meeting to be held on Tuesday
07/03/2017, at 4:00 PM, at Crillon Ballroom,
La Cigale Hotel, Doha, Qatar, to be
immediately followed by an Extraordinary
General Meeting, to discuss the following
Agendas:
In
case the quorum of either of the above
meetings is not met, the second adjourned
meeting shall be held at the same venue on
Tuesday 21/03/2017 at 4:00 pm.
Agenda of the Annual General
Meeting
1. Hearing the statement of the
Board about the Bank’s operations and its
financial position for the financial year
ended 31 December 2016 and approving them,
and to discuss the Bank’s future plans.
2. Hearing the Auditor’s
Report for the audited financials and the
final account for the year ended 31 December
2016 and approving them.
3. To discuss and approve the
financial statements for the financial year
ended 31 December 2016.
4. To approve
the Board’s recommendation for distribution
of cash dividends for the year 2016 to the
registered shareholders as at the AGM at the
rate of 10%, and in the form of free shares
of 5%.
5. Hearing the Board’s report
on the Bank’s governance for the year 2016
and approving it.
6. To absolve the Board of
Directors of any liability in the discharge
of their duties and responsibilities for the
financial year ended 31 December 2016 and to
approve their fees.
7. To approve the appointment
of the external auditors of the Bank for the
financial year 2017and to approve their
fees.
8. To renew the authorization
of the board of directors issued by the
extraordinary general assembly dated
16/02/2016 to appoint a ninth member of the
board, who has competency and specialty.
9. To elect six members of the
board of directors from the qualified
candidates, for a period of 3years from 2017
to 2019.
Agenda of the Extraordinary Annual
General Meeting
1. To approve the increase of
the Bank’s capital by the number of free
shares approved by the AGM’s resolution
equal to 5% amounting to 9,540,156 Shares,
such that the Bank’s capital
becomes 200,343,271 shares.
2. To amend Articles (6and 7)
of the Bank’s memorandum of association and
article (6) of the Bank’s articles of
association to reflect the capital increase,
and to authorize the board of directors to
take all the necessary procedures to amend
the Bank’s Articles of Association and
Memorandum of Association.