16-03-2021
Doha Bank announced the results of the ordinary and extraordinary general assembly meeting, which were held on Monday evening 15/3/2021 at the bank tower located in Al Dafna, as follows:
Ordinary general assembly:
1- The ordinary general assembly of Doha Bank shareholders unanimously approved the Board of Directors report on corporate governance for the year 2020.
2- The ordinary general assembly of Doha Bank shareholders unanimously approved both the auditor's report on the reports on internal control controls and the corporate governance policy.
3- The ordinary general assembly of Doha Bank shareholders unanimously approved the balance sheet and the profit and loss account for the financial year ending 31/12/2020, and the Board of Directors ’recommendation to distribute cash dividends to shareholders at the rate of (0.075) Qatari riyals per share.
4- The ordinary general assembly of Doha Bank shareholders unanimously agreed to discharge the Chairman and members of the Board of Directors from liability for the fiscal year ending on 31/12/2020 and to disburse bonuses to the Board members this year.
5- The ordinary general assembly of Doha Bank shareholders unanimously approved the appointment of Messrs. KPMG to audit and review the bank’s accounts for the fiscal year ending on December 31, 2021, including Islamic activities, accounts of foreign branches, accounts of Sharq Insurance Company in addition to investment funds accounts and periodic reports related to the requirements of Qatar Central Bank during the year 2021 and the system of corporate governance for companies and legal entities listed in the main market issued by the Qatar Financial Markets Authority.
6- The ordinary general assembly approved the extension of the period of issuing European debt bonds within the medium-term euro bond program with the bank, which was approved in the general meeting of shareholders on 07/03/2018 with the same components and limitations, which are as follows: -
- That the issuance be made in different amounts, provided that the total of these amounts does not exceed the size of the bank’s medium-term bond program, which is specified for a total of $ 2 billion.
- The size of a single issue may not exceed one billion US dollars.
- The issuance must be in different major currencies, such as the US dollar, Australian dollar, Japanese yen, Swiss franc, and British pound sterling.
- Maturities should be varied, but not exceeding 30 years.
- The issuance shall be executed either through a special purpose company SPV under a guarantee from Doha Bank or directly through Doha Bank.
- The total outstanding / outstanding bonds of the bank at any time shall not exceed the bank’s capital and reserves.
- Delegating the board of directors of Doha Bank and whoever the board delegates to do all that is necessary regarding the implementation of these issues within this program, after obtaining the approval of the Qatar Central Bank, the Ministry of Commerce and Industry, and any other official competent authority.
- This authorization from the ordinary general assembly of the Board of Directors is valid for a period of three years, starting from the date of the bank’s general assembly in March 2021.
The extraordinary general assembly:
1. The extraordinary general assembly approved the proposed amendments to articles (3) and (14) of the company's articles of association.
2. The extraordinary general assembly agreed to authorize the Chairman of the Board of Directors and / or his deputy and / or the managing director individually to sign the amended statute, complete the procedures for obtaining the necessary approvals from the competent authorities and ratify it.