Ahlibank announced the results of the ordinary and extraordinary general assembly meeting held on 02/28/2023, where the following was approved:
It was decided to approve the items of its agenda, whereby the Board of Directors’ report on the Bank’s activity, financial position, and final accounts for the fiscal year ending on December 31, 2022 was heard and approved, and the Bank’s future plans were discussed. The auditors’ report on the Bank’s budget and final accounts for the year was also heard. The financial year ended on December 31, 2022, and the budget and profit and loss account for the fiscal year ending on December 31, 2022 were approved, and the assembly unanimously approved the Board of Directors’ recommendation to distribute 20% cash dividends.
The following agenda items were also approved:
Ordinary General Assembly:
1. Approval of the auditors' report on corporate governance at the Bank.
2. Discussing and approving the auditors' report on the bank's internal control.
3. Discussing and approving the Board of Directors' report on governance for the year 2022.
4. Approving the discharge of the chairman and members of the Board of Directors from their obligations for the fiscal year ending on December 31, 2022, and approving their remuneration.
5. The assembly approved the appointment of Ernst & Young as auditor for the fiscal year 2023, and his fees were also approved.
6. Approving the following policies and authorizing the Board of Directors to review and amend them from time to time:
(a) Environmental and Social Governance (ESG) Policy and Strategy.
(b) the dividend policy.
(c) Board remuneration policy.
(D) The policy of nominating and electing members of the Board of Directors.
(c) the internal control policy.
(h) Minority rights protection policy.
7. Approval of the election by acclamation of six members of the Board of Directors (four non-independent members of the shareholders who own 1% and two members of the independent members), of the candidates who met the requirements and terms of nomination for a period of three years from 2023 to 2025 and who were approved by the Qatar Central Bank.
(2) The Extraordinary General Assembly:
1- Approving the amendment of Articles No. (26, 27, 34, 37, 40, 59, 74 and 75) of the Bank’s Articles of Association, which are detailed in Attachment No. (1).
2- Confirming the previous approval for the issuance of the reward and incentive shares scheme program, and authorizing the Board of Directors to do everything necessary and necessary to issue the program in accordance with the provisions of the prevailing laws and obtaining the necessary approvals for that.
3- Approving the continuation of the Medium-Term Bonds Program (EMTN) at a value of $2 billion and authorizing the Board of Directors to update it from time to time, to pay any tranche on its due date and to re-issue it in accordance with the terms and requirements of the program and in the size and manner determined by the Board of Directors and with compliance with the instructions of the regulatory authorities and obtaining Necessary approvals.
4- Approving the authorization of the Chairman of the Board of Directors or the Vice-Chairman of the Board of Directors to complete the procedures necessary to amend the Articles of Association in accordance with what is mentioned above, including attending and signing them at the Documentation Department at the Ministry of Justice and at the Ministry of Commerce and Industry or other official authorities, and making any amendments to The amended statute may be requested by any of the aforementioned bodies, even if it was not included in the amendments presented to the association.