Qatar Electricity and Water Company announced the invitation of the Ordinary and Extraordinary General Assembly to convene on 14/03/2023, Al Mirqab Hall - Four Seasons Hotel at 03:30 pm. In the event that the quorum is not complete, the alternative meeting will be held on 03/20/2023, Al Mirqab Hall - Four Seasons Hotel at 03:30 pm.
Agenda of the Ordinary General Assembly Meeting
1. Hearing the speech of His Excellency the Chairman of the Board of Directors.
2. Hearing the report of the Board of Directors on the company's activity and its financial position for the year ending on 12/31/2022 and the future plan and approving it.
3. Hearing and approving the auditor's report on the company's budget for the fiscal year 2022.
4. To vote on electing the members of the Board of Directors for the next session from 2023 to 2025.
5. Discussing and approving the company's balance sheet and profit and loss account, and approving the profit distribution proposal.
6. Reviewing and approving the company's annual corporate governance report for the year 2022.
7. View the company's policies according to the requirements of the Qatar Financial Markets Authority and in accordance with the decision of the Board of Directors of the Qatar Financial Markets Authority No. (5) of 2016 issuing and approving the corporate governance system and legal entities listed in the main market.
8. Absolving the members of the Board of Directors from liability for the fiscal year 2022 and approving their remuneration.
9. Appointing the company's auditors for the fiscal year 2023 and determining their fees.
10. Approval of the share sale and purchase agreement between the Qatar Electricity and Water Company and Qatar Energy Company to sell the entire share of the Qatar Electricity and Water Company, which amounts to (49%) in Siraj Solar Company.
The agenda of the Extraordinary General Assembly meeting
1. Approving the amendment of the company’s articles of association according to the requirements of the regulatory authorities and in accordance with the provisions of Law No. (8) of 2021 AD amending some provisions of the Commercial Companies Law No. (11) of 2015 AD with the authorization of His Excellency the Chairman of the Board of Directors to make the amendments and take all necessary measures with the competent authorities in this regard.
2. Approval of determining the ceiling for non-Qataris’ participation in the Qatar Electricity and Water Company to reach 100%, in accordance with the provisions of Article (7) of Investment Law No. (1) of 2019 and in accordance with the Cabinet Resolution issued on 8/18/2021, and the delegation of His Excellency the Chairman of the Board of Directors to make amendments and take all necessary measures with the competent authorities in this regard.