Al Khaliji AGM Approves Agenda Items, Distribution of 7.5% Cash Dividend

February 28, 2018

Al Khaliji Commercial Bank(Al Khaliji) announced the resolutions of Annual General Assembly (AGA) held on Tuesday 27 February 2018 and approved the following:

Agenda of the Annual General Assembly:

1)    Approved the Board of Directors’ report on the Company’s activities and its financial position for the year ended 31 December 2017 and the Company’s future plans
2)    Approved the External Auditor’s Report on the Company’s financial position and the accounts submitted by the Board of Directors for the year ended 31 December 2017
3)    Discussed and approved the Company’s financial statements and income statement for the year ended 31 December 2017
4)   Adopted the profits appropriation policy and approved the proposal of the Board of Directors regarding the distribution of cash dividends in the rate of 7.5% of the share nominal value (QAR 0.75 per share) for the year ended 31 December 2017
5)   Approved the Corporate Governance Report for the year 2017 including endorsement of the policy of remuneration and incentives of the Board and Senior Management member’s
6)   Absolved the Board members from any liability and fix their remuneration for the financial year ended 31 December 2017
7)   Appointed Deloitte and Touch as the External Auditor of the Company for the financial year 2018 and fixed their fees
8)   Selected a new Board of Directors for the next three years (2018-2019-2020)

To view the Bank’s press release, click here