Doha Bank General Assembly Endorses Agenda
Items and Approves 10% Cash Dividend
March 07, 2019
Doha Bank announced the results of its AGM
and EGM that were held at the bank’s tower in Al Dafna area on
Wednesday 6/3/2019, and approved the following resolutions:
Ordinary General Assembly:
1.
Unanimously endorsed the Board of Directors’ 2018 Corporate
Governance Report.
2.
Unanimously endorsed the balance sheet and the profit/loss
accounts for the financial year ended on 31 December 2018, and
the Board of Directors’ recommendation to distribute a QR1 cash
dividend per share.
3.
Unanimously agreed to relieve members of the board from any
liability for the fiscal year 2018 and determine their
remuneration as per QCB instructions and the Bank’s internal
remuneration policies.
4.
Unanimously agreed to appoint “KPMG” to audit the Bank’s
accounts for the year ending 31/12/2019.
The fees include auditing the Islamic activities, foreign
branches accounts, Doha Bank Assurance Company accounts,
Investment fund’s accounts and periodical reports as per QCB
requirements during 2019 and Governance code for companies and
legal entities listed in the main market issued by QFMA.
Extraordinary General Assembly:
1.
Unanimously approved the proposed amendments to Articles (6),
(23), (31) and (57) of the company’s Articles of Association.
2.
Unanimously agreed to authorize the Chairman and/or his Deputy
and/or the Managing Director to individually sign the amended
Articles of Association and complete the procedures for
obtaining the necessary approvals from the concerned parties,
and ratifying the authorization.
To view the press release
click here
|