Masraf Al Rayan announced the invitation of the Ordinary General Assembly to convene on 03/15/2023, at the Four Seasons Hotel Doha - State of Qatar at 05:30 pm. In the evening, and in the event that the quorum is not complete, the alternative meeting will be held on 03/22/2023, at the Four Seasons Hotel Doha - State of Qatar, at 05:30 pm.
The agenda of the Ordinary Annual General Assembly of Masraf Al Rayan:
1. Hearing the speech of His Excellency the Chairman of the Board of Directors and the report of the Board of Directors on the activity of Masraf Al Rayan and its financial position during the fiscal year ending on 12/31/2022, and the future plan of Masraf Al Rayan for the year 2023, and approving them
2. Hearing the report of the Sharia Supervisory Board regarding the extent to which Masraf Al Rayan's activity was compatible with the provisions of Islamic Sharia during the fiscal year ending on 12/31/2022
3. Hearing and approving the report of the external auditor on the financial statements of Masraf Al Rayan presented by the Board of Directors for the fiscal year ending on 12/31/2022.
4. Discussing and approving the financial statements of Masraf Al Rayan presented by the Board of Directors for the fiscal year ending on 12/31/2022
5. Discussing and approving the Board of Directors’ proposals regarding deductions and distributing cash dividends of 10% of the nominal value of the share, equivalent to 0.10 Qatari riyals per share for the fiscal year 2022, and informing the General Assembly of the dividend policy.
6. Hearing and discussing the auditor’s report on the requirements of Article (24) of the corporate governance system and legal entities listed in the main market issued by Qatar Financial Markets Authority Resolution No. (5) of 2016.
7. Discussing and approving the governance report at Masraf Al Rayan for the year 2022, including the social and environmental responsibility and governance program
8. Considering absolving the chairman and members of the Board of Directors from liability for their actions for the fiscal year ending on 12/31/2022, determining their rewards for the fiscal year ending on 12/31/2022, approving the rewards policy and granting incentives to members of the Board of Directors, executive management and any major deals and, if any, with related parties
9. Appointing the external auditor of Masraf Al Rayan for the fiscal year 2023, and determining his fees
10. Approval of the recommendation of the Board of Directors regarding the appointment of the Sharia Supervisory Board of Masraf Al Rayan for the period 2023-2024-2025 and the authorization of the Board of Directors to add a new member or members or to fill those whose positions became vacant for any reason whatsoever, and to determine the remuneration of the members of the board and any other matters related to the Sharia Supervisory Board during The said period, subject to the approval of the Qatar Central Bank
11. Electing members of the Bank’s Board of Directors for the term (2023-2025) in accordance with the amendment of some provisions of the Bank’s Governance Instructions issued under Circular No. (2) of 2023
Please review the attached invitation and visit the bank's website www.alrayan.com to view all the details and supporting documents for the above-mentioned items, including audited financial statements, reports of the external auditor, governance report, and regulations for nomination and election of members of the Board of Directors. The list of candidates for membership of the Board of Directors will be published as soon as it is approved by the Qatar Central Bank.