Qatar International Islamic Bank: Holds it's AGM and EGM on 14/03/2023 for 2022

Qatar International Islamic Bank announces that the General Assembly Meeting AGM and EGM will be held on 14/03/2023, Virtual meeting Zoom application and 05:30 PM. In case of not completing the legal quorum, the second meeting will be held on 20/03/2023, Virtual meeting Zoom application and 05:30 PM 

1- Agenda for Annual Ordinary General Assembly:

1)  The Board of Directors will present to the bank shareholders its report over the bank's activities and the financial position for the year ended 31/12/2022 and will discuss the bank's future strategies.

2) Present Sharia Supervisory Board report for the year 2022.  

3) Present External auditor’s report for the financial year 2022 and approve it.

4) Discussion and approval of corporate governance report for the year 2022.

5) Discussion and approval of the bank financial statements for the year ended 31/12/2022.

6) The General Assembly will discuss the Board of Director's recommendations to distribute 40% of the bank capital as cash dividends, equivalent to QR 0.40 per share and approve it.

7) Absolve the Board members from the liabilities for the year ended 31/12/2022.

8) The General assembly will discuss and approve the remuneration prescribed to the board of directors for the year 2022 and present the board remuneration policy.

9) Review board of directors’ recommendation to issue Sukuk qualified as Tier 2 capital up to US$ 500 million; after obtaining the necessary approvals from the supervisory authorities providing that, the conditions and size of the issuance will be subject to a study of the bank’s needs and market conditions.

10) To discuss the board of directors recommendation to extend last year General Assembly approval of the US$ 1.0 billion Sukuk programme and delegate the bank board of directors' to decide the size of each issuance, terms and conditions, issuance currency after getting all necessary approvals from supervisory authorities (Issued Sukuk should not exceed the bank’s capital and reserves).

11) Review board of directors’ recommendation to extend last year General Assembly approval to issue Additional Tier1 Sukuk nonconvertible with the same rules and regulations. Issued Sukuk should not exceed 50% of the bank’s capital based on rules set by regulatory authorities in this regard.

12) Appointment of Shariaa supervisory committee for the next three years.

13) Board of directors election for the upcoming three years and present the Board’s election policy.

14) Nomination of the external auditors for the year 2023 and their fees.

2- Agenda for Extraordinary General Assembly:

1)      Review the board of directors recommendation to amend the preamble and article