13-04-2021
On Monday, April 12, 2021, the second extraordinary general assembly of Qatar First Bank LLC was held (referred to as "the bank") and it is a limited liability company registered in accordance with the provisions of the laws of the Qatar Financial Center Authority and holds license number (00091). The meeting was held at 3:30 pm through the Zoom app at the bank's headquarters in Doha, Qatar.
The summary of the decisions of the extraordinary general assembly came as follows:
1- According to a special decision, all amendments to the articles of association of Qatar First Bank have been approved to comply with the provisions of the corporate governance system and legal entities listed in the main market issued in accordance with the Qatar Financial Markets Authority board decision No. (5) of 2016 and in accordance with the governance law and supervisory functions and issued by the Qatar Financial Center Regulatory Authority for the year 2020.
2- It was approved to authorize the Chairman of the Board of Directors or whomever he authorizes to sign and obtain all necessary approvals on the approved revised articles of association to facilitate its registration with the concerned authorities, including but not limited to the Qatar Financial Center, Qatar Financial Markets Authority, Qatar Stock Exchange and Qatar Central Securities Depository Company, and authorizing the Chairman of the Board of Directors or whoever he delegates to take and carry out all measures in order to obtain all approvals from the authorities concerned with the amended statute, including permitting him to make any changes, amendments, additions or re-approval of a previous text of the previous statute (if required) at the request of the concerned authorities or for the purpose of complying with any of the laws, decisions and regulations in force at the Qatar Financial Center, including the company registration office at the Qatar Financial Center and the Qatar Financial Markets Authority, to complete the approval procedures and to approve and document the amended statute. Under this mandate granted by the extraordinary general assembly, the chairman of the board of directors or whoever delegates him will not need additional approval from the shareholders or the extraordinary general assembly in the event that he exercises the powers granted to him by this resolution to make any amendments, additions, or re-approval of a previous text of the previous articles of association in the approved form of the articles of association by the shareholders, and its signature or the signature of whomever delegates it is valid and binding on the bank
3- The Bank' amended Corporate Governance Manual has been approved in order to comply with the provisions of the Corporate Governance Law for Companies and Legal Entities listed in the main market issued in accordance with the Qatar Financial Markets Authority Board Decision No. (5) for the year 2016 and in line with the governance and supervisory functions law issued by the Regulatory Authority to regulate the Qatar Financial Center for the year 2020.