03-01-2022
Qatari Investors Group announced the results of the Extraordinary General Assembly meeting, which was held on November 29, 2021, where the following was approved:
The Extraordinary General Assembly of the Qatari Investors Group, held on 02/01/2022, decided to amend the articles of the articles of association contained in the agenda as follows:
Article (3)
Company purpose:
1. Participation in the management of its subsidiaries or in which it is shareholder.
2. Providing the necessary support to its subsidiaries.
3. Investing its money in stocks, bonds and securities.
4. Owning movables and real estate necessary to carry out the company's activity.
5. Participating in the establishment of companies of all kinds inside and outside the State of Qatar.
In general, the company has the right to carry out all the actions and practices necessary to achieve its objectives.
Article (14)
The company maintains a special register called the “shareholders register” in which the names of the shareholders, their nationalities, their domiciles, what each of them owns and the paid amount of the share’s value are entered. The management and the authority may view these data and obtain a copy of it. The company must deposit a copy of this record with the depository, and authorize that body to keep and organize this record, and each shareholder may view this record free of charge with regard to his contribution, in accordance with the controls determined by the Authority and the depository in this regard.
Every concerned person has the right to request correction of the data contained in the register, especially if a person is registered in it or deleted from it without justification.
Article (31)
The company is managed by a board of directors consisting of five members, provided that at least one-third of the members of the board are independent, and that the majority of the members are non-executives, and at least one member represents the company’s employees.
Subject to the provisions of Article (12) and Article (32) of this Bylaw, the process of nomination and election of members of the Board of Directors shall be carried out according to the following:
First: The Nominations Committee shall set the conditions for candidacy for membership of the Board of Directors and announce the acceptance of the candidates’ papers during the period specified by the Committee for accepting applications.
Second: A seat on the board is allocated to one of the company’s employees with the rank of manager at least, in accordance with the policy adopted by the company.
Third: The Nomination Committee sorts the nomination papers and places each candidate within the specified category for candidacy, considering the provisions of this system, and notifies the competent authorities of the final list of candidates within three working days starting from the day following the closing of the nomination window.
In the event of more than one candidate to fill the seat of the Council,
The General Assembly begins by voting on the non-independent candidates and announcing the results of the vote.
This is followed by voting on the independent candidates and the representative of the employees and announcing the result of the vote on the General Assembly.
The General Assembly begins by voting on the non-independent candidates and announcing the results of the vote.
This is followed by voting on the independent candidates and the representative of the employees and announcing the result of the vote on the General Assembly.
Subject to the provisions of Article (32/3), a legal person may run for more than one seat on the Board of Directors in proportion to the shares he owns in the company at the time of opening the nomination door to the total number of seats stipulated in the statute. Owning the aforementioned percentage is a condition for the membership to remain in place. For more than one seat.
The term of membership of the Council shall be three years.
Article (32)
Requirements for a member of the Board of Directors:
1. He shall not be less than twenty-one years of age, and shall enjoy full capacity.
2. He must not have been previously convicted of a criminal penalty, a crime involving moral turpitude or dishonesty, or one of the crimes stipulated in Articles (334).