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Qatar General Insurance &
Reinsurance Co to Hold AGM on 29 March 2020
15 March 2020
Qatar General Insurance and
Reinsurance Company announced that it will hold its next AMG on Sunday,
29 March 2020 at 5:30 pm in the East Hotel and Resort, Doha - Ras Abu
Aboud, - Al Dasha Hall. In the event that a quorum is not accomplished,
an alternative meeting of AGM is scheduled to take place on Wednesday 04
April 0020 the same time and venue. The shareholders’ general assembly
will discuss and ratify and proceed with the following items listed on
its meeting agenda:
1.
The
Board of Directors report on the company's activity and financial
position for the fiscal year ended 31
December 2019 and company’s future strategy.
2.
The
External Auditors' report for the year ended 31 December 2019
3.
The
Company’s financial statements for the year ended 31 December 2019 and
the amendments made to the financial statements of the years ended 31
December 2018 and 31 December 2017.
4.
The
Directors' proposal not to distribute dividends on the results of the
year 2019.
5.
Discharging the Board of Directors from their responsibility on the
financial year ended 31 December 2019 and the approval of
non-distribution of remunerations.
6.
The
company's corporate governance report for the year 2019.
7.
The
appointment of external auditors for the financial year 2020 and
determining their wages.
8.
The
Election of a new Board of Directors for a new term of three years (2020
- 2022).
Notes:
Ø
The holders of the right to attend the meeting are the owners of the
company’s shares and registered in the shareholders’ register held with
the Qatar Central Securities Depository Company as of the closing of
trading of the day of the meeting.
Ø
A detailed statement including the data mentioned in Article (122)
of the Corporate Law No. 11 of 2015 regarding the in-kind and cash
benefits obtained by the Chairman and members of the Board of Directors
and their remunerations. This is in addition to other data required
under the Article that will be available solely to the shareholders
through the Board Secretariat at the company's headquarters, a week
before the company's AGM.
Ø
A statement containing the information mentioned in Article (26) of
the Corporate Governance Law and the legal entities listed in the main
market regarding transactions concluded by the company with related
parties will be available solely the shareholders at the Board
Secretariat at the company’s headquarters, a week before the company’s
AGM.
Ø
Shareholders are kindly requested to attend to the meeting venue
holding their ID or any ID proof. Companies’ representatives should hold
an official authorization letter duly authenticate. Attendance shall be
an hour before the specified time of the meeting in order to facilitate
the completion of procedures.
Ø
In the event that the shareholder is not able to attend in person,
he may appoint another shareholder to attend on his behalf according to
a POA ‘copy available at the company’s headquarters in Al-Asmakh area’,
and after establishing his capacity as a shareholder.
Ø
It will not be permissible to appoint a person who is not a
shareholder or is a members in Board of Directors.
Ø
The number of shares held by the proxy in this capacity may not
exceed 5% of the company’s capital.
Ø
If the authorized shareholder is a natural person residing outside
the State of Qatar, the POA must be certified by the Qatari embassy in
the foreign country.
Ø
If the shareholder is a legal entity (company, body, institution), a
written and signed POA proxy from the original shareholder is required,
accompanied by an updated copy of the commercial register.
Ø
If the authorized shareholder is a company incorporated outside the
State of Qatar, the POA must be approved by the company’s
representative, and must be authenticated by the Qatari embassy in the
foreign country with a copy of the commercial registry or the articles
of association of the company attached to it also from the Qatari
embassy in the foreign country.
Ø
The approval of the financial statements is subject to the approval
of the Qatar Central Bank and other relevant regulatory authorities.