27/03/2025
Qatar Islamic Insurance announces the results of the AGM and EGM. The meeting was held on 26/03/2025 and the following resolution were approved
The Second Ordinary General Assembly Meeting Resolutions :-
1- Approval of the report of the Board of Directors for the Year Ended 31.12.2024.
2- Approval of the report of the Shari'a Supervisory Board for the Year Ended 31.12.2024.
3- Approval of the Independent Auditors' report on the Group's statements presented by the Board of Directors and his report on the internal control over financial reporting and the compliance with the principles of governance for the Financial Year ended 31.12.2024 and approve it, and also discussing transaction with related parties.
4- Approval of the Policyholders and Shareholders' Financial Statements for the Year Ended 31.12.2024. And approved of the recommendation made by the Board of Directors to distribute cash dividends equaling 50 % of the shares nominal value i.e. QR 0,50 per share for the Year Ended 31.12. 2024
5- Absolving the Board of Directors of all responsibility and granting there remunerations for the Financial Year 2024. (Subject to the approval of Qatar Central Bank) .
6- Approval of the report of the Governance for the year 2024 Including transaction with related parties.
7- Opening the door to receive questions, inquiries and topics not included on the agenda from the shareholders.
8- Approval appointing M/S. K P M G as the Company's new Independent Auditors for the Financial Year 2025.
The Second Extraordinary General Assembly Meeting Resolutions :-
1- Approval of the Board of Directors’ recommendation by amending Article No. (6) of article of association to allow “ Non-Qatari investors to own up to 100 % of the group’s capital ” instead of “ the percentage of ownership of the group’s capital for Non-Qatari investors according to the provisions of the free laws and legislation in the State of Qatar Central Bank related to it ” , accordingly the approval of the esteemed Council of Ministers is required in accordance with the provisions of Article No. (7) of Law No. (1) of 2019, after that obtain the approval from Qatar Central Bank .
2- Approval of the Board of Directors’ recommendation to authorize the Chairman and his Deputy individually to adopt the above amendment in article of association and signing and documenting it at all concerned parties.