Doha Bank Announces the Agenda for Its AGM and EGM
Expected on 6/3/2017
February 19, 2017
The Board of Directors of Doha Bank called
on its shareholders to attend the Extra
Ordinary and Ordinary General Assembly
Meeting of the Shareholders, which will be
held at 04:00 PM on Monday 6/3/2017 in Head
Office Tower – West Bay – floor no. (1).
However, if the required quorum is not
attained, a second meeting will be held on
Monday 13/3/2017 at the same time and venue
to look into:
The EGM Agenda:
1.
To approve an increase in the bank’s capital
from QR 2,583,722,520 to up to QR
3,100,467,024 (representing an increase of
20% from the current paid-up share capital)
by way of offering51,674,450 new ordinary
shares for subscription to Doha Bank’s
eligible shareholders who are registered in
the shareholders’ register with Qatar
Central Securities Depository (QCSD) at the
close of trading on Wednesday 15th of
March2017 and the holders of subscription
rights, at a price of QR (25) per share
representing a premium of QR (15) in
addition to a nominal value of QR (10) per
share.
2.
To grant the Board of Directors of Doha Bank
and those authorized by the Board full
authority to execute this issuance and to
determine the time and the related terms and
conditions, deal with unsubscribed shares
and any other issue that may arise during
the subscription process, after obtaining
the approval of QFMA, the Ministry of
Economy and Commerce and any other related
competent authority.
3.
To approve waiving priority rights of
eligible shareholders to third parties who
would be the holders of those rights as a
result of buying the subscription rights
from the shareholders as per QFMA rules and
commercial companies by law No. (11) of year
2015.
4.
To approve waiving priority rights of the
eligible shareholder who does not subscribe
during the specified subscription period.
5.
To approve offering the unsubscribed shares
by eligible shareholders and the holders of
subscription rights for public subscription
in accordance with QFMA and any other
applicable rules/regulations.
6.
To approve listing the Rights Issue at Qatar
Exchange in relation to Bank’s raised
capital as per QFMA and any other applicable
rules/regulations.
7.
To authorize the Board to deal with
fractional shares that would arise from
subscription.
8.
To approve amending Article No. (6) of the
Articles of Association of the Bank to
reflect the impact of the aforementioned
capital increase.
9.
To approve amending Article No. (23) of the
Articles of Association of the Bank as
follows:
"The company’s board of directors
consists of (9) nine members. The ordinary
General Assembly elects (7) seven members by
secret ballot and (2) two members are
appointed as independent members, according
to the law and the instructions of Qatar
Central Bank".
The AGM Agenda:
1.
Hearing the report of the Board of Directors
on the Bank’s activities and its financial
position for the financial year ended on
31/12/2016 and discussing the Bank’s future
plans.
2.
To discuss and endorse the Board of
Directors’ report on Corporate Governance
for the year 2016.
3.
Hearing the External Auditors’ report on the
balance sheet and the accounts presented by
the Board of Directors for the financial
year ended on 31/12/2016.
4.
To discuss and endorse the balance sheet and
the profit & loss account for the financial
year ended on31/12/2016 and approve the
Board’s recommendation for distributing cash
dividends of QR (3) per share to the
shareholders.
5.
Discharging the Board of Directors from the
responsibility for the year 2016 and
determining their remuneration.
6.
To elect the members of Board of Directors
for the next three years 2017, 2018 and
2019.
7.
Appointing the External Auditor for the
financial year 2017 and determining their
audit fees.