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QIIB Discloses Lawsuit Claiming Its Board of Directors' Election Invalid
December 13, 2017
Qatar International Islamic Bank
(QIIB) announced that a lawsuit has been filed – in the Court of
First Instance – against the Bank by shareholder, Abdullah Ahmed
Tahir, No. 189/2017, claiming the Board of Directors' election
procedures held on 3/4/2017 invalid. The plaintiff demands the
Bank to include his name as an independent candidate for the
Board membership, bear the expenses of the claim, and pay
compensation for the damages suffered.
In addition to that, shareholder
Abdullah Ahmed Tahir, No. 1653/2017, filed a lawsuit – in the
Court of First Instance – against QIIB, in which he requested
nullification of the procedures of calling for the Extraordinary
General Meeting held on 19/4/2016. The plaintiff asked for
nullification of the vote on the amendment of the Bank's
Articles of Association, as well as the decisions issued by the
Assembly, and he demands the Bank to bear the expenses of the
claim.
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