Qiib Holds Ordinary General Assembly Meeting on 14/3/2018, Announces Agenda

February 26, 2018

Qatar International Islamic Bank (QIIB) has announced that it will convene an AGM on 14/3/2018 at 7:30 PM at Ezdan Towers, the third entrance in the West Bay. In the event of lack of quorum, the alternate date will be on Monday 26/3/2018 at 5:30 PM in the same place.  The meeting will be dedicated to discuss the following topics:

(QIIB AGM Agenda for the year ended 31/12/2017)

1-  Hearing the report of the Board of Directors on the bank's activities and its financial position for the year ended 31/12/2017, and the bank's future plans.
2-  Hearing the Sharia Supervisory Board's report for the year 2017.
3-  Hearing the external auditors' report on the bank's financial statements for the year ended 31/12/2017 and approve.
4-  To discuss  and approve the bank Corporate Governance report for the year ended 31/12/2017.
5-  To discuss the bank financial statements and statements of income for the year ended 31/12/2017 and approve.
6- To discuss and approve the Board of Directors' recommendation to distribute 40% of the bank capital as cash dividends (QR 4.0 per share).
7-  Discharging the Board of Directors from responsibility for the year ended on 31/12/2017 and determine  the  remuneration for year 2017
8-  To discuss the Board of Directors' recommendation to extend last year General Assembly approval to issue Additional Tier1 Sukuk nonconvertible into ordinary shares up to QR 3.0 billion (QR 1.0 billion issued during 2016), and delegate the bank Board of Directors to decide the size of each issuance, terms and conditions, and issuance currency after getting all necessary approvals from supervisory authorities
9-  To discuss the board of directors recommendation to extend last year General Assembly approval to establish a US$ 2.0 billion Sukuk program (which was already approved in 2013 AGM) and delegate the bank board of directors to decide the size of each issuance, terms and conditions,  andissuance currency after getting all necessary approvals from supervisory authorities (issued Sukuk should not exceed the bank’s capital and reserves).
10-  Appointing  external auditors for the financial year 2018 and determining their fees.