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Qatar Insurance: The AGM and EGM Endorses items on it’s agenda

Qatar Insurance announces the results of the AGM and EGM. The meeting was held on 27/03/2022 and the following resolution were approved

 

1.      the Directors Report on the activities of the Company, its financial positions for the year ended 31st Dec. 2021, and the future plan.

2.      the auditor’s report for the financial information 2021.

3.      the company’s balance sheet, and its profit & loss account for the year 2021.

4.       Approving the recommended profits distribution, being cash dividend of (%10) from the share par value, i.e.. (10) dirham for each share and determine the date of payment.

5.       To consider discharging the members of the Board of Directors, and approving their remuneration with amount of  QR.(15.5) million.

6.      the Corporate Governance Report for the year 2021.

7.      the remuneration policy for 2022.

8.      Appointing KPMG auditors for the Financial Year 2022 with Fees of (QR. 1,160,212.60).

 

Also the Extraordinary General Assembly took place on the same date, approved the following: 

1)     the amended article of association of the company according to the amendments of the Commercial Companies Law No. (11) of 2015 issued by Law No. (8) of 2021, and with the directives of the Qatar Central Bank, QFMA and the company’s work requirements

2)     Authorizes the Chairman &  Managing Director or his deputy signing solo on all documents needed to amend the article of association of the company

 

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Mekdam Holding Group: The AGM and EGM Endorses items on it’s agenda

Mekdam Holding Group announces the results of the AGM and EGM. The meeting was held on 27/03/2022 and the following resolution were approved

 

Ordinary General Assembly: 

1.       Heard and approved the report of the Board of Directors on the Company’s activities, financial position for the year ended 31 December 2021 and the business plan for 2022.

2.       Heard and approved the report of the External Auditors on the balance sheet and on the accounts submitted by the Board of Directors.

3.       Discussed and approved the financial statements for the year ended 31 December 2021.

4.       Approved the proposal of the Board of Directors recommendation to distribute 35% cash dividends and 36% as bonus shares to the shareholder.

5.       Released from liability the members of the Board of Directors and fixing their fees for the financial year ended 31 December 2021.

6.       Elected Mr. Tariq Bader Al-Sada a member to the Board of Directors for 3 years.

7.       Discussed and approved the Corporate Governance Report.

8.       Appointed Russell Bedford an External Auditor for the Company for the financial year 2022 and fixed the fees.

Extraordinary General Assembly:

1.       Approved the increase of the capital by the number of Bonus shares approved by the AGM’s resolution equal to 36% amounting to 18,000,000 shares.

2.       Allow the company to borrow from major founders without interest.

3.       Authorized the Chairman of Board of Directors to complete all the necessary procedures to amend the Articles of Association to reflect the foregoing, including the right to attend and sign all the needed documents at the Ministry of justice and Ministry of Commerce and trade and any other official governmental entities.

 

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Mazaya Qatar Real Estate Development: Holds it’s AGM and EGM on 17/04/2022 for 2021

Mazaya Qatar Real Estate Development announces that the General Assembly Meeting AGM and EGM will be held on 17/04/2022, Via Zoom cloud meetings and 09:30 PM. In case of not completing the legal quorum, the second meeting will be held on 19/04/2022, Via Zoom cloud meetings and 09:30 PM

 

Ordinary General Assembly Meeting’s Agenda

Item 1: Hearing the Board of Director Report on the activities of the company and its financial position for the financial year ending December 31, 2021 as well as the company’s future plans.

Item 2: Hearing the Sharia’a Supervisory Board report

Item 3: Hearing & Approving the auditors’ report for the year ending December 31, 2021.

Item 4: Discussing & Approving the company’s balance sheet and profit & loss statement for the year ending December 31, 2021.

Item 5: approving the proposal of the board of directors not to distribute dividend.

Item 6:  Absolving the members of the Board Directors of any liability for the financial year ending December 31, 2021

Item 7:  Discussing & Approving the company’s Governance Report for the year ending December 31, 2021.

Item 8:  Appointing the Auditors for the 2022 financial year and fix their fees.

 

Extra Ordinary General Assembly Meeting’s Agenda.

Item 1: Amending the relevant articles of the Company’s current Articles of Association in accordance with the provisions of Law No. 8 of 2021 amending some provisions of the Commercial Companies Law No. 11 of 2015.

Item 2: Delegating the Chairman to sign and amend the articles of association and complete the procedures for obtaining the required approvals and document them with the competent authorities

 

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