The General Assembly of Qatar Islamic Insurance approved a 32.5% dividend distribution and the items on the agenda

06-04-2021


The Qatar Islamic Insurance Company announced the results of the Ordinary General Assembly meeting held on 05/04/2021, where the following was approved:
1-    The Board of Directors' report on the group’s activities and its financial position for the fiscal year ending 31/12/2020.
2-    The Sharia Supervisory Board's report for the fiscal year ending in 2020.
3-    The external auditor's report for the fiscal year ending in 2020.
4-    The balance sheet of the group and the income and expenses account for policyholders and the income statement for shareholders for the fiscal year ending in 2020, as well as the Board of Directors ’recommendation to distribute cash dividends to the shareholders at a rate of 32.5% of the nominal value of the share (0,325 riyals per share) for the fiscal year ending in 2020.
5-    Discharging the members of the Board of Directors from liability and that their remuneration for the fiscal year ending in 2020 will be determined.
6-    The Corporate Governance Report for the year 2020.
7-    The appointment of Ernst & Young to audit the group’s accounts for the fiscal year ending 31/12/2021.


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