Qatar First Bank (QFC): The EGM Endorses items on it’s agenda
Qatar First Bank (QFC) announces the results of the EGM. The meeting was held on 23/03/2022 and the following resolution were approved
1- Approved (subject to obtaining all relevant regulatory approvals) the proposed changes to the Bank’s Articles of Association (“AoA”) in accordance with the Law No. (8) of 2021 amending certain provisions of the Qatar Commercial Companies Law No. (11) of 2015 to the extent applicable to companies established in the Qatar Financial Center and in accordance with Article 5 of the QFMA Offering and Listing Rules.
2- Authorized the Chairman or who he delegates to sign the approved amended Articles of Association and obtain all necessary approvals required to facilitate registering and approving the amended Articles of Association by the relevant authorities including but not limited to Qatar Financial Center (“QFC”), Qatar Financial Markets Authority (“QFMA”), and Qatar Exchange (“QSE”), Qatar Central Securities Depository (“QCSD”) and authorize the Chairman or who he delegates to take all necessary action in order to obtain the required approvals from the relevant authorities relating to the approved amended Articles of Association including authorizing the Chairman and who he delegates to make any amendments, additions, or reinstate any of the articles from the previous Articles of Association (if required) in accordance with instructions from the relevant authorities and/or to comply with applicable rules and regulations at QFC including the Companies Registration Office (“CRO”) at QFC and/or QFMA in order to complete and finalize the approval of the amended Articles of Association. In addition, by virtue of this authorization granted by the General Assembly during this EGM, the Chairman or who he delegates is authorized to do as stated above without the need to obtain approval and authorization from the shareholders and/or EGM and shall exercise such authority by virtue of this resolution to amend, add, or reinstate articles from the previous Articles of Association in the approved amended Articles of Association, and the Chairman’s signature and the signature of whom he delegates shall be valid and binding to the Bank and the shareholders.