OREANDA-NEWS. Doha Insurance Company announces the results of the AGM and EGM held on Sunday, February 28, 2016, as follows:

 First:   Results of the Ordinary General Assembly Meeting 

The Shareholders have heard and approved the following agenda: 

1)        Hearing the statement of His Excellency, the Chairman and the report of the Board of Directors on the Company’s activities, financial position during the financial year ended 31st December 2015 and the business plan for 2016.

2)        Hearing and approving the report of the Sharia’a Supervisory Board on the financial statements for the financial year ended 31st December 2015 of the Company’s Islamic branch “Doha Takaful”. 

3)        Hearing and approving the report of the External Auditors on the Company’s balance sheet and on the accounts for the financial year ended 31st December 2015. 

4)        Discussing and approving the balance sheet and profit and loss account for the financial year ended 31st December 2015. 

5)        Approving the proposal of the Board of Directors to distribute to the shareholders a cash dividends of 10% from the share par value i.e. QR. One Riyal for each share. 

6)        Releasing the members of the Board of Directors from liability and fixing their remunerations for the financial year ended 31st December 2015. 

7)        Approving the Company’s Governance Report for 2015. 

8)        Appointing an External Auditor for the Company for the financial year 2016 and fixing their fees. 

Second: Results of the Extra Ordinary General Assembly Meeting 

1)    The Shareholders approved amendment of the Articles of Association to comply with the Commercial Companies Law No. (11) Year 2015.