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QLM LIFE & MEDICAL INSURANCE COMPANY QPSC: THE AGM ENDORSES ITEMS ON IT’S AGENDA AND EGM POSTPONES DUE TO THE LACK OF THE REQUIRED QUORUM

QLM Life & Medical Insurance Company QPSC announces the results of the AGM and EGM. The meeting was held on 14/03/2022 and the following resolution were approved

 

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

2.     The auditor’s report for the financial statements 2021.

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

4.     Approving the recommended profits distribution, being cash dividend of )%22) from the share par value, i.e.. (22) derham for each share and determine the date of payment.

5.     Discharging the members of the Board of Directors.

6.     The Corporate Governance Report for the year 2021, in addition to the Related Party Transactions Policy.

7.     The remuneration policy  for year 2022.

8.       Reappointing the auditors for the Financial Year 2022 and determining their fees.

 

In the absence of meeting the quorum for the extraordinary general assembly, and approval from QCB, the meeting shall be postponed to Sunday, 21 March 2022 at the same time and place.

 

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Qatar Electricity & Water Co. : The AGM Endorses items on it’s agenda

Qatar Electricity & Water Co. announces the results of the AGM. The meeting was held on 14/03/2022 and the following resolution were approved

 

Please be advised that, the Qatar Electricity & Water Company General Assembly meeting took place on Monday 14/03/2022 approved the following :

1. The Board of Directors report on the activities of the company, its financial position for the year ended 31/12/2021 and the future plans for the company.

2. The auditor’s report for the year 2021.

3. The company’s balance sheet and profit and loss account for the year 2021, and distribution of cash dividends to shareholders for the year 2021  at the rate of  80% of the nominal value of each share.

4. Corporate Governance Report for the year 2021.

5. Discharge the members of the Board of Directors from their responsibilities and approving their remuneration at 0.8% of the net profits.

6. Appointment KPMG as company auditors for the financial year 2022, with a fees amounting to QRs. 690,000/-.

7. Share Sale and Purchase Agreement relating the acquisition of 40% of the issued share capital of Nebras Power Q.P.S.C.

 

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QATAR CENTRAL SECURITIES DEPOSITORY COMPANY (QCSD) ANNOUNCES THE COMPLETION OF REGISTERING THE RIGHTS OF QATAR FIRST BANK

Qatar Central Securities Depository Company (QCSD) announces the completion of registering the Rights of Qatar First Bank.

The rights will be available for the eligible shareholders as on 13/03/2022, as per the Extraordinary General Assembly Meeting resolution

These rights will be available in the shareholders’ accounts from Tuesday 15/03/2022 and it will be available for trading from Wednesday 16/03/2022 , until Tuesday 29/03/2022

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Gulf International Services Ordinary and Extraordinary General Assembly Meetings

With reference to the above subject, we would like to inform you that the Ordinary and Extraordinary General Assembly Meetings of the shareholders of Gulf International Services  (GIS) were convened on Sunday, 13th March 2022, electronically using Zoom application platform and approved the following agenda items:

The agenda of the Ordinary General Assembly Meeting is:

1.     Listened to the Chairman’s Message for the financial year ended 31 December 2021.

2.     Approved the Board of Directors’ Report on GIS’s operations and financial performance for the financial year ended 31 December 2021 and the future plan of the Company.

3.     Approved the Auditor’s Report on GIS’ consolidated financial statements for the financial year ended 31 December 2021.

4.     Approved of GIS’ consolidated financial statements for the financial year ended 31 December 2021.

5.     Approved the 2021 Corporate Governance Report.

6.     Approved the Board’s recommendation for no dividend payment for the financial year ended 31 December 2021.

7.     Absolved the Board of Directors from liability for the financial year ended 31 December 2021.

8.     Appointment of KPMG as the external auditor for the financial year ending 31 December 2022 and approved their fees.

The agenda of the Extraordinary General Assembly Meeting is:

1.  The Extraordinary General Assembly (EGM) has approved the proposed amendments to the Company’s Articles of Association. These amendments ensure compliance with certain provisions of both Law no. 11 of 2015, promulgating the Commercial Companies Law as amended by Law no. 8 of 2021, and QFMA Governance Code. The EGM has also approved an amendment to increase the non-Qatari ownership limit in the Company’s share capital from 49% to 100%, ensuring that all relevant requirements are fully met.

 

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BARWA REAL ESTATE: THE AGM ENDORSES ITEMS ON IT’S AGENDA AND EGM POSTPONES DUE TO THE LACK OF THE REQUIRED QUORUM

Barwa Real Estate announces the results of the Ordinary General Assembly Meetings held on 13.3.2022 the AGM has decided the following:

1. To review the Board of Directors’ Report on the activities of the company and its financial position for the financial year ending 31/12/2021 as well as to discuss and approve the company’s future plans for the year 2022.

2.To review and approve the auditors’ report on the financial statements of the company for the year ending 31/12/2021.

3.To review and approve the Sharia’a Supervisory Board report the financial year ending 31/12/2021 and appoint a new Sharia’a Supervisory Board for the financial year 2022.

4.To discuss and approve the company’s balance sheet and profit/loss statement for the financial year ending 31/12/2021.

5.To approve the Board of Directors’ proposal of distributing cash dividends of QR 0.175 per share (17.5% of the share value) for the financial year ending 31/12/2021.

6.To absolve the Board of Directors’ members of any liability for the financial year ending 31/12/2021 and approve their compensation.

7.To discuss and approve the company’s Governance Report for the financial ending 31/12/2021.

8.To appoint the Auditors for the financial year 2022 and determine their fees.

The Extraordinary General Assembly Meeting was also postponed to Monday, March 14, 2022 due to the lack of a quorum set for it.

 

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Al Meera Consumer Goods Company : The AGM Endorses items on it’s agenda

Al Meera Consumer Goods Company announces the results of the AGM. The meeting was held on 13/03/2022 and the following resolution were approved

 

1. Listened to the Chairman’s Message and approved the Board’s Report for the year ended 31 December 2021 and discussed and approved the Company’s future business plans.

2.     Approved the External Auditor’s Report for the year ended 31 December 2021.

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

4.     Approving the Board of Director’s recommendations for the distribution of cash dividends of QR 0.90 per share which is equivalent to 90% of the nominal share value for the year 2021

5.     Approved the 12th Corporate Governance Report.

6.     Absolved the Board members from liabilities and determining their remuneration for the year ended 31 December 2021.

7.     Appointed Deloitte & Touche as the external auditors for the year 2022 and approved their fees.

8.     Electing board members from the private sector (five members) for a period of three years, the members of the Board of Directors were elected. The results of the nominations after the screening were presented by the representatives of the Ministry of Commerce and Industry with the following members from private sector:

A.    Khaled Ibrahim Mohammed Abu Yaqoub Al-Sulaiti

B.    Sheikh Fahad Falah J J Al-Thani

C.    Ahmed Abdulla M A Al-Khulaifi

D.    Hetmi ali Khalika Al Hitmi

E.    Mohammed Abdullah Ahmed Al -Mustafawi AL Hashemi

The two members who represent Qatar Holding’s stake in the Board of Directors of the Company for the next session will be appointed by Qatar Investment Authority as follows:

1. H, E Mr. Abdullah bin Abdulaziz Al-Subaie as Chairman

2.  Mr. Ali Hilal Al-Kuwari as  member

 

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