The Mannai Corporation has announced that its Board of Directors will be holding a meeting on 26/04/2022 to discuss the
to elect Chairman and Vice Chairman of the Board and form Board Committees following the election of the new Board by the General Assembly held on the same date, and to review the financial performance and approve the financial statements of the 1st Quarter ending on 31st March 2022.
Masraf Al-Rayan announces that the General Assembly Meeting AGM and EGM will be held on 26/04/2022, Electronically via Zoom and 09:00 PM. In case of not completing the legal quorum, the second meeting will be held on 27/04/2022, physically in the Ritz Carlton Hotel Doha and Electronically via Zoom as well and 09:00 PM
Agenda of the Annual General Assembly Meeting
1. To review and endorse of the Board of Directors report on the activities of Masraf Al Rayan and its financial position for the fiscal year ended on 31st December 2021 and the future plan of the Bank for the year 2022;
2. To hear the Shari’ah Supervisory Board report on compliance of Masraf Al Rayan to Shari’ah rules for fiscal year ended on 31st December 2021;
3. To review and endorse the External Auditors report on the Financial Statements of Masraf Al Rayan as presented by the Board of Directors for the fiscal year ended on 31st December 2021;
4. To discuss and approve the financial Statements of Masraf Al Rayan for the fiscal year ended on 31st December 2221;
5. To discuss and approve the proposals of the Board of Directors regarding appropriation and cash dividend of QAR 0.17 per share, representing 17% of the nominal value of the share for the fiscal year 2021 and acknowledgement of profits appropriation policy;
6. To hear and discuss the External Auditor’s report on the requirements of Article (24) of the Corporate Governance Code of Companies and Legal Entities listed on Primary Market issued pursuant to Resolution No, (5) of 2016 of the Board of Directors of Qatar Financial Markets Authority (“QFMA”);
7. To discuss and approve of the Corporate Governance Report of Masraf Al Rayan for the year 2021;
8. To absolve the Chairman and Board Members from all responsibilities for the fiscal year ended on 31st December 2021, fix their remuneration for the year ended on 31st December 2021 and approve the policy of remuneration and incentives of the Board and Senior Management and major transactions with related parties, if any; and
9. To appoint the External Auditors of Masraf Al Rayan for fiscal year 2022 and approve their fees.
Agenda of the Extraordinary General Assembly Meeting
1. To approve amendment of Articles (9), (12), (19), (20), (24), (25), (30), (31), (34), (35), (36), (43), (50) and (55) of the Bank’s Articles of Association (“AOA”) authenticated under No. 12953/2021 dated 11/11/2021 mainly to comply with Law No. (8) of 2021 amending some provisions of Commercial Companies law No. (11) of 2015 and with corporate governance instructions of Qatar Central Bank (“QCB”) and Qatar Financial Markets Authority QFMA (“QFMA”) and authorize the Chairman of the Board and/or Vice Chairman and/or whomever the Board may delegate to sign the final version of the amended AOA and complete the required formalities subject to necessary regulatory approvals; and
2. To authorize the Board of Directors or whomever the Board may delegate to dispose of the fractional shares resulting from the merger with Al Khalij Commercial Bank (al khaliji) PQSC as it may deem appropriate
Please visit the Company’s website www.alrayan.com to check the full details and supporting documents for the items above including the full AGA/EGA Notice including details of attendance and voting, the audited financials, external auditor’s reports, the Corporate Governance Report and details of proposed amendments to the Articles of Association.
WIDAM FOOD Co. announces the results of the EGM. The meeting was held on 06/04/2022 and the following resolution were approved:
1-The EGM approved the amendment of some articles of the company’s Articles of Association in accordance with the Law No. (8) of 2021 amending Law No. (11) of 2015 regarding the Commercial Companies Law,
2-The EGM Authorized the Chairman and Vice-Chairman of the Board of Directors to sign (one of them solo) the amended Articles of Association of the company before the competent authorities, take all necessary actions in order to implement the decisions of the Extraordinary .
Qatar Central Securities Depository has modified the foreigners’ ownership limit of Qatar National Bank (QNB) to be 100% of the capital, which is equal to (9,236,428,570) shares.
Al Rayan Qatar ETF announces that it disclose its financial statements for the period ending 31 March 2022 on 21 April 2022
Vodafone Qatar P.Q.S.C. discloses its financial statement for the period ending 31st March 2022 on 26/04/2022.
The Salam International has announced that its Board of Directors will be holding a meeting on 26/04/2022 to discuss the
and approve the financial statements for the period ending on 31/03/2022, and to follow up on the implementation of previous resolutions.
Dlala Brokerage and Investment Holding Co. discloses the judgment in the lawsuit no 5638 .
A preliminary ruling was issued in favor of Dlala Brokerage Company, a subsidiary of Dlala Brokerage and Investment Holding Company, which states the following:
• Obligatorily the defendant to pay the plaintiff company an amount of (2,961,611) two million nine hundred and sixty-one thousand six hundred and eleven Qatari riyals which is the remaining indebtedness owed to the plaintiff company.
• Obligatorily the defendant to pay the plaintiff company an amount of (300,000) three hundred thousand riyals as compensation for the damage and obligated him to pay the expenses
Vodafone Qatar P.Q.S.C. announces that the conference call with the Investors to discuss the financial results for the Quarter 1 2022 will be held on 27/04/2022 at 12:00 PM , Doha Time.
Qatar Islamic Bank announces it has signed agreement
QIB and QDB Sign New “Al Dhameen” Program Agreement
Doha, Qatar – 6 April 2022: Qatar Islamic Bank (QIB) signed a new Al Dhameen Program Agreement sponsored by Qatar Development Bank. The agreement was signed by Mr. Tarek Fawzi, QIB’s Wholesale Banking Group General Manager and Mr. Khalid Abdulla Al-Mana, Executive Director of Business Finance at Qatar Development Bank.
Qatar Development Bank (QDB) announced new updates to Al Dhameen program, for small and medium-sized companies, to encourage partner banks to finance projects, with the aim of attracting promising start-ups and small and medium-sized companies seeking financing to develop their businesses. QDB has announced the launch of a new version of the ‘Al Dhameen’ program for micro-enterprises, for the first time in the country, which will contribute to the development of the national business system in terms of access to financing and will also provide new financial channels for guarantees for micro-enterprises in co-operation with partner financial institutions.
According to the new agreement, SME customers at QIB can benefit from Al Dhameen Portfolio to obtain financing equivalent to 70% of the value of the project, with a maximum of QAR 15 million for each project. Small and medium enterprises can also obtain the required financing at competitive financing rates. The agreement also encourages partner banks to expand the process of financing SMEs by providing them with sufficient guarantees through the “Al Dhameen” Program.
Commenting on QIB’s participation in Al Dhameen Program Portfolio, Mr. Tarek Fawzi, QIB’s Wholesale Banking Group General Manager, said: “We are pleased to sign this agreement, which aims to empower SMEs and support them implement their projects, which in turn contributes to diversifying the national economy and builds a knowledge-based economy”.
Mr. Tarek Fawzi added: “This agreement is a testament to QIB’s commitment to supporting Qatar’s economy by enhancing the role of the private sector and contributing to a suitable economic diversification as part of Qatar National Vision 2030. The new “Al Dhameen” Program enables our customers to fulfill their needs seamlessly and expand their business, thus supporting the establishment of new SMEs and helping operating companies with their business expansion plans”.
Mr. Tarek Fawzi concluded: “QIB is proud of its strong ties with Qatar Development Bank, and we are committed to further enhancing our mutual cooperation to achieve the objectives of this agreement, which will contribute significantly to providing direct financing solutions for SMEs.”
The updates to Al Dhameen program come after QDB’s great success over 10 years since its launch and were based on reviews involving entrepreneurs and partner banks, after reviewing best international practices for identifying aspects of development in the interests of both parties, streamlining procedures, and improving the terms of guarantees.
For more information on QIB, please visit www.qib.com.qa
