Qatar Islamic Insurance Endorses AGM Agenda, Okays Distribution of 35% Cash Dividend, and Postpones EGM to 7/4/2019

April 01, 2019

Qatar Islamic Insurance Company announced that the Ordinary General Assembly meeting was held on Sunday, 31 March 2019, while the quorum was not achieved for the EGM, therefore the alternative EGM meeting will be held on Sunday, 7 April 2019, at 5pm at Lazurde Hall at Ezdan Tower.

Ordinary General Assembly Resolutions:

1-      Approved the report of the Board of Directors and their plans for the year ended 31/12/2018.

2-      Approved the report of the Shari'a Supervisory Board for the year ended 31/12/2018.

3-      Approved the report of the Independent Auditors for the year ended 31/12/2018.

4-      Approved the Policyholders and Shareholders' Financial Statements for the year ended 31/12/2018, and approved the recommendation made by the Board of Directors to distribute cash dividends of 35% of the shares nominal value, i.e. QR3.5 per share for the year ended 31/12/2018

5-      Absolved the Board of Directors of all responsibility and granted them remunerations for the financial year 2018.

6-      Approved the report of Governance for the year 2018.

7-      Approved appointing KPMG as the company's new independent Auditors for the financial year 2019.