The General Assembly of Qatar General Insurance and Reinsurance approves not distributing profits for the fiscal year ending on December 31, 2021 

08-06-2022


The Qatar General Insurance and Reinsurance Company disclosed the results of the alternate meeting of the Ordinary General Assembly for the year 2021, which was held on May 23, 2022, where the results of voting came with the approval and adoption of the majority by the General Assembly of shareholders on all items of the alternate meeting of the Ordinary General Assembly for the year 2021, according to the following:
1.    Approval of the Board of Directors’ report on the company’s activity and financial position during the financial year ending on 12/31/2021 and the company’s future plan.
2.    Approval of the auditors’ report for the financial year ending on December 31, 2021.
3.    Approval of the company’s balance sheet and profit and loss account for the financial year ending on December 31, 2021.
4.    Approval of the proposal of the Board of Directors not to distribute dividends for the fiscal year ending on 12/31/2021.
5.    Approval of releasing the members of the Board of Directors from liability for the financial year ending on 31/12/2021, and approving the non-distribution of bonuses to members of the Board of Directors.
6.    Approval and approval of the company’s corporate governance report for the year 2021.
7.    Approval of the appointment of the auditors, Messrs. / KPMG, for the fiscal year 2022, and fees amounting to 1,750,000 Qatari riyals.
Compliance with Qatar Central Bank Law No. 13 of 2012 and Qatar Central Bank Board Decision No. 1 of 2016 specifying the percentages and conditions of ownership in shares of financial institutions listed on the stock exchange and subject to the control and supervision of the Qatar Central Bank and the relevant Qatar Central Bank circulars when calculating the voting percentages has been considered. In the reserve meeting of the Ordinary General Assembly for the year 2021 AD.


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