Qatar Islamic Bank Ordinary and
Extraordinary General Assembly Endorses Agenda Items and
Approves 50% Cash Dividend
February 21, 2019
Qatar Islamic Bank (QIB) announces
the results of the Ordinary and Extraordinary General Assembly
meetings held on 20/2/2019 and has approved the following
resolutions:
Ordinary General Assembly Meeting
Results:
1.
The
Assembly approved the Board of Director’s report on the results
of the Bank and financial statements for year ended 31/12/2018
and future plans.
2.
Approved the External auditors’ report on the financial
statements for the year ended 31/12/2018
3.
The
AGM Discussed and approved the Bank’s balance sheet and profit
and loss for the year ended 31/12/2018.
4.
The
Assembly approved the board of directors’ proposal to distribute
50% cash dividends of the nominal value per share, i.e. QAR 5
per share.
5.
The
AGM absolved the Board members from liability for the year ended
31/12/2018 and approved the remuneration prescribed to them.
6.
Approved the Bank Governance Report for the year 2018.
7.
The
Assembly nominated KPMG as external auditors of QIB financial
statements for the year 2019.
Extraordinary General Assembly
Meeting Results:
The Extraordinary Assembly approved
the amendment of the Articles of Association of the Bank to
comply with the listing condition of dividing the book value per
share to 1 QAR instead of 10 QAR, as per instructions from Qatar
Financial Markets Authority, in addition to amendments to
principles and standards of governance, as per the concerned
authorities.
To view the Articles of Association
amended by QIB EGM,
click here
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