Home
/
News
Masraf Al Rayan AGM Validates
Agenda Items
19 March 2020
Masraf Al Rayan announced that its AGM held
yesterday has discussed and validated all the items of its agenda as
follows:
Ø
The Board of Directors report on the Bank’s activity and its
financial position for the year ended 31 December 2019 together with the
Banks 2020 strategy.
Ø
The Sharia Supervisory Board report on the Bank’s various activities
compliance with the Sharia during 2019.
Ø
The External Auditors report on the Bank’s accounts for the year
ended 31 December 2019.
Ø
The Financial Statements for the year ended 31 December 2019.
Ø
The Board proposal on provisions and distribution of QAR 0.225 cash
dividends (22.5% of the Bank’s paid up capital) on 2019 profits together
with the Bank’s policy for dividends distribution.
Ø
The Bank’s Corporate Governance report for the year 2019.
Ø
The External Auditors report on the requirements of article 24 of
the Corporate Governance and Legal Entities Law listed in the primary
market per QFMA resolution No 5 of 2016.
Ø
The Board of Directors proposal in relation to the Bank’s Sharia
Supervisory Board for the next three year 2020-2022, authorizing the
Board of Directors to add one or more new members, filing a membership
vacant for any reason, determine their remunerations and any other issue
related to the Sharia Supervisory Board.
Ø
Discharging the Board members from their liabilities on 2019
account.
Ø
The Board of Directors remuneration and compensation policy.
Ø
Elections of the Board of Directors
Ø
The policy for contracting with related parties