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Qatar Cinema Announces the Opening of
Nominations for Membership to the Board of Directors
March 05, 2019
Qatar Cinema & Film Distribution Co.
Announces the opening of nominations for membership of the board
of directors (Executive / non-executive / independent member) to
fill seven seats for a period of three years with effect from
April 2019, in accordance with Commercial Companies Law No. 11
of 2015, and Corporate Governance System for companies listed in
the main market, No 5 of year 2016.
The nomination will be open from
Tuesday, March 5, 2019, for a period of ten days ending on
Thursday, 14 March 2019 at 7: 30 pm. Candidates can obtain the
applications and conditions of the nomination and the required
documents and fill the form from the headquarter of the company
located in the Najma area No. 26 Third Ring, during working
hours from 7:30 am to 12:30 pm and from 4:30 pm to 7:30 pm
Conditions for candidate to be member
of board of Directors:
1.
A
candidate shall not be less than twenty one years old
2.
He
has not been sentenced to a criminal penalty or an a crime
against honor, integrity or any of the crimes referred to
in the articles (334
& 335) of the Commercial Companies Law or if he has been
sentenced to bankruptcy unless he has been
later on rehabilitated
3.
To be
the owner of 25000 shares of the company's shares, a candidate
nominated as an Independent member of the board is exempted from
this condition.
Documents to be attached to the
application for nomination:
1.
Copy
of the candidate's ID card.
2.
Statement or certificate issued by Qatar Central Securities
Depository.
3.
Indicate the number of shares owned by the candidate, when
submitting the application.
4.
A
copy of the curriculum vitae of the candidate for membership of
the Council
5.
For
the candidate running as an independent member, he is exempted
from the requirement to own the shares and is exempted
from submitting the certificate of ownership of the
shares
6.
A
copy of Commercial Registration provided it is still valid
(companies)
7.
Copy
of the identity card of the person authorized to sign on behalf
of the legal entity (companies)
Note: The election will take place at
the Ordinary General Assembly meeting of Qatar Cinema and Film
Distribution Company, to be held for the approval of the
Company's financial statements for 2018, scheduled on third of
April 2019 at 6:00 pm at the Johanna hall, Radisson Blue Hotel.
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