16.03.2015, 08:41
THE AGM OF QIIB ENDORSES ITEMS ON ITS AGENDA AND APPROVES THE DISTRIBUTION OF 40% CASH DIVIDEND
OREANDA-NEWS. International Islamic Bank (QIIB) announcesthe results of the Ordinary General Assembly Meetings held on 15/03/2015 hasapproved all agenda items which are as the following:
1- Boardof Directors presented to the bank shareholders its report over the bank''''sactivities and the financial position for the year ended 31/12/2014.Which includesthe bank''''s strategy and the Bank corporate governance report for the financialyear ended 31/12/2014.
2- ShariaSupervisory Board presented their report for the year 2014.
3- Externalauditors'''' presented their report on the bank''''s financial statements for theyear ended 31/12/2014.
4- Approvalof the bank financial statements for the year ended 31/12/2014.
5- TheGeneral Assembly approved the Board of Director''''s recommendations to pay 40% ofthe bank capital as cash dividends, equivalent to QR 4.0 per share.
6- TheGeneral Assembly agreed to discharge the Chairman and Members of Board ofDirectors from all responsibilities for the fiscal year ended on 31/12/2014 andapproved the board remuneration for year ended 2014.
7- Approvalof the Board recommendation to issue Additional Tier1 Sukuk nonconvertible intoan ordinary shares up to QR 3.0 billion, and delegate the bank board ofdirectors'''' to decide the size of each issuance ,terms and conditions, issuancecurrency after getting all necessary approvals from supervisory authorities .
8- The General Assembly approved the boardrecommendation to appointment of Ernst & Young''''s as external audit for thefinancial year 2015.
1- Boardof Directors presented to the bank shareholders its report over the bank''''sactivities and the financial position for the year ended 31/12/2014.Which includesthe bank''''s strategy and the Bank corporate governance report for the financialyear ended 31/12/2014.
2- ShariaSupervisory Board presented their report for the year 2014.
3- Externalauditors'''' presented their report on the bank''''s financial statements for theyear ended 31/12/2014.
4- Approvalof the bank financial statements for the year ended 31/12/2014.
5- TheGeneral Assembly approved the Board of Director''''s recommendations to pay 40% ofthe bank capital as cash dividends, equivalent to QR 4.0 per share.
6- TheGeneral Assembly agreed to discharge the Chairman and Members of Board ofDirectors from all responsibilities for the fiscal year ended on 31/12/2014 andapproved the board remuneration for year ended 2014.
7- Approvalof the Board recommendation to issue Additional Tier1 Sukuk nonconvertible intoan ordinary shares up to QR 3.0 billion, and delegate the bank board ofdirectors'''' to decide the size of each issuance ,terms and conditions, issuancecurrency after getting all necessary approvals from supervisory authorities .
8- The General Assembly approved the boardrecommendation to appointment of Ernst & Young''''s as external audit for thefinancial year 2015.
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