17-03-2025
Pursuant to Qatar General Insurance & Reinsurance Company disclosure on 16 March 2025 on the convening of the Second Ordinary and Extraordinary General Assembly Meeting for the year 2024, Qatar General Insurance and Reinsurance Company discloses that the majority of shareholders did not approve the following:
Agenda of the Ordinary General Assembly:
1- The Board of Director’s Report on the Company’s activities and its financial position for the financial year ended 31st December 2024 and the Company’s future plan;
2- The External Auditor’s Report for the financial year ended 31st December 2024;
3- The Company’s Balance Sheet, Profit & Loss accounts for the financial year ended 31st December 2024;
4- The Board of Director’s proposal not to distribute dividends for the financial year ended 31st December 2024;
5- Discharging the Members of the Board for the financial year ended 31st December 2024;
6- The Company’s Corporate Governance Report for the year 2024;
7- The appointment of Company’s external Auditors Messrs. Deloitte for the financial year 2025.
Agenda of the Extraordinary General Assembly:
1- Amending the Company’s Article of Association, in alignment with Law No. (8) of 2021 amending some provisions of Commercial Companies law promulgated by Law No. (11) of 2015;
2- Amending the Company’s Article of Association, in alignment with the instructions of the Qatar Central Bank;
3- Changing of the name of Qatar General Insurance & Reinsurance Company to become "Qatar General Insurance & Reinsurance Group" and amend the Company’s Article of Association accordingly;
4- Authorizing the Chairman of the Board of Directors or the Vice Chairman and/or the managing Director to complete the necessary procedures and approvals for the amendments of the Article of Association before all governmental entities.