Doha Bank AGM & EGM Ratifies
Agenda Items
17 March 2020
Doha Bank announced that the shareholders of
the bank in their general assembly meeting held yesterday, 16 March 2020
have discussed and ratified the following items listed on their
meeting agenda:
Ratified AGM agenda
Ø
The Directors’ Report on the Company’s
Corporate Governance for 2019
Ø
The Board of Directors Remuneration Policy,
the Performance Remuneration Policy, Dividend Distribution Policy,
Dealing with Related Parties Policy, the Policies of the Remunerations,
Policies, Governance Committee.
Ø
The company’s financial statements for the
year ended 31 December 2020 together with the Board recommendation to
retain 2019 profit (after provisions) to next year.
Ø
Discharging the Directors from their
responsibilities on 2019 accounts and not to pay remunerations for 2019.
Ø
The election of the following as the Board members (by acclamation)
for the company for three years term 2020-2022.
1.
Mr. Ahmed Abdel Rahman Youssef Obeidan
2.
Mr. Ahmed Abdullah Ahmed Al-Khal
3.
Sheikh Abdullah Muhammad Muhammad Jabr Al-Thani
4.
Sheikh Abdul Rahman bin Muhammad bin Jabr Al Thani
5.
Sheikh Fahd bin Muhammad bin Jabr Al Thani
6.
Sheikh Falah bin Jassim bin Jabr Al Thani
7.
Mr. Nasser Muhammad Ali Al-Mathkour Al-Khaldi - Independent Board
Member
8.
Mr. Abdullah Ali Abdul Rahman Al-Abdullah - Independent Board Member
9.
Mr. Nasser Khaled Nasser Abdullah Al-Misnad - Independent Board
Member
Ø
The appointment of Misters KPMG to handle
the company’s accounts for the year 2020 against a total charges of QAR
3.0 million including the accounting work of Islamic activities,
external branch accounts, Bank of Doha Insurance Co, mutual funds
accounts, periodic report relating to Qatar Central Bank requirements
for the year 2020, the company’s corporate governance report and the
legal entities listed in the primary market of Qatar Financial Market
Authority.
Ratified EGM agenda:
Ø
The issuance of additional Tier 1 capital instruments and Tier 2
capital instruments for an amount of up-to USD 1.0 billion either a
direct issuance or through an SPV and in accordance with the issue terms
and conditions which shall include, but not limited, the following:
1.
The
Issues to be qualified for listing within Tier 1 or Tier 2 capital
instruments in conformity with the terms and rules of Qatar Central
Bank.
2.
The
Issues to be conducted through a public offering or a private offering
in the local and/or international markets.
3.
The
preparation of a new program for the Medium Term European Debt Notes
complying with the regulations of Issuance of Capital Instruments for a
maximum amount of USD 1.0
billion.
4.
The
Issue shall be in the local currency or foreign major currencies.
5.
The
Tier 2 capital issue shall not exceed USD 500 million or its equivalent.
6.
The
maturity of additional Tier 1 capital issue shall be on a permanent
basis while the Tier 2 capital shall reach 10 years maximum.
Ø
The authorization of the Board of Directors of the Bank or the
Board’s delegate to determine the relevant terms and conditions and to
proceed with required arrangements for the execution of these issues
subsequent to obtaining the related approvals from the Qatar Central
Bank and other respective regulatory entities.
Ø
The authorization to the Board to execute the above capital
instruments shall be valid for a period of three years.