Al Khaliji AGM
Approves Amendments to Articles, Oks Board Nomination, Election
Policy
November 30, 2017
Al Khalij Commercial Bank
(al khaliji) held its deferred Ordinary and Extraordinary
General Assembly meetings on Wednesday 29 November 2017.
al khaliji considered and
approved the items on the following agendas:
Agenda of the Annual
General Assembly:
1) Approved the Board
Nomination and Election Policy as presented to the meeting
Agenda of the Extraordinary
General Assembly:
1. Approved the amended
definitions and amendments to Articles (6), (11) (16), (31),
(32), (33), (34), (38), (63), (65), (69), (88) and (90) of
the Bank’s Articles of Association (AoA) as presented to the
meeting, to comply, amongst others, with certain requirements of
the Circular 68 of 2015 on Governance of Banks and Financial
Institutions issued by Qatar Central Bank and the Corporate
Governance Code of Companies and Legal Entities Listed on
Primary Market issued by the Board Resolution No. (5) of 2016 of
Qatar Financial Markets Authority and authorized 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, if any.
2. Approved the release of
the establishment fees reserve amounting to QAR 167MM and
authorized the Board to determine the utilization thereof in
accordance with the law and subject to necessary regulatory
approvals
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