OREANDA-NEWS. The Board of Directors of Qatar Islamic bank is pleased to invite you to attend the meeting of the Assembly General Meeting (AGM) which will be held on Monday 22/02/2016 at 4:00 p.m. at AL-Mirqab Hall at the Four Seasons Hotel to discuss the below mentioned agenda. In case of incomplete required quorum, another meeting will be held on Monday 29/02/2016 at 4:00 p.m. at the same place.

Agenda of the Assembly General Meeting (AGM):

  1. Board of Director Report on the results of the Bank and financial statement for year ended 31/12/2015 and discussion of QIB future plan.
  2. Sharia Supervisory Board report.
  3. External auditors’ report on the financial statements for the year ended 31/12/2015
  4. Discussion and approval of the Bank’s balance sheet and profit and loss for the year ended 31/12/2015.
  5. Approval of the board of directors’ proposal to distribute 42.5% cash dividends of the nominal value per share, i.e. QAR 4.25 per share.
  6. Absolve the Board members from liability for the year 2015 and approve the remuneration prescribed to them.
  7. QIB Governance Report for the year 2015.
  8. Nomination of the external auditors of the bank for the year 2016 and determination of the fees to be paid to them.
  9. Discussion and approval of the Board of Directors’ recommendation regarding QIB Additional Tier 1 (AT1) Capital Perpetual Sukuk and QIB Sukuk program as follows:
  • Extension of the approval of the QAR (3) Billion remaining from the Additional Tier 1 (AT1) Capital Perpetual Sukuk that was already approved as part of the QAR 5 Billion.
  • Approval to increase the maximum size of QIB Sukuk program to at the level of USD (3) Billion instead of USD (1.5) Billion.

Before three days from Assembly General Meeting (AGM) the shareholders may obtain from the Office of Board of Directors Secretary at the 5th Floor of QIB Headquarters a list showing the Board of Directors remuneration, fees, financing, Letters of Credit, Letters of Guarantees and benefits in kind obtained by the Chairman and members of the Board of Directors. And also the amounts spent as advertisement and donations.

We would like to draw the attention of the shareholders to the following:

1-    Any shareholder may attend physically or through a proxy on behalf of another shareholders with an agency consent agreement attached to the invitation sent to each shareholder. For the agent in a proxy to be valid, the agent should be a shareholder who should not be holding more than 5% of QIB shares.

2-    The invitations to shareholders will be sent by courier, this advertisement represents an invitation to those who have not received the invitation by courier.

3-    The committees of the Assembly General Meeting (AGM) will start the registration procedures of the attendance and quorum at 3:00 p.m. on Monday 22/02/2016.