Ahli Bank announces the results of the AGM and EGM. The meeting was held on 27/02/2024 and the following resolution were approved

 

Agenda of the Annual General Meeting

(1) Hearing  the statement of the Board about the Bank’s operations and its financial position for the financial year ended 31 December 2023 and approving them, and to discuss the Bank’s future plans.
(2) approved  the Auditor’s Report for the audited financials and the final accounts for the year ended 31 December 2023 and approving it.
(3) approved  the Auditor’s report on the Governance of the Bank.
(4) approved  the Auditor’s report on internal control in the Bank.
(5)  approved the financial statements and the profit and loss account for the financial year ended 31 December 2023.
(6) Approved the Board recommendation for distribution of cash dividends for the year 2023 at the rate of 25% of the paid up capital.
(7) approved  the Board report on the Bank’s governance for the year 2023 , and presenting the Board self-assessment.
(8) approved on Discharging the Chairman and members of the Board of Directors from any liability for the financial year ended 31 December 2023, and approving their remuneration.
(9) Approved the appointment of the external auditor of the Bank for the financial year 2024 and to approve its fees.
(10)  approved the remuneration policy and authorizing the Board to review and amend it from time to time, and the shareholders may review such policy along with other applicable policies through the Bank’s website (https://www.ahlibank.com.qa) or from the Board Secretary Office at Ahlibank’s head office located at Suhaim Bin Hamad St., Al Sadd, 3rd Floor.
(11)  approved Electing two board members (one member holding 1% of the Bank’s shares and one independent member) of the candidates who fulfilled the nomination requirements and conditions to continue the current Board term (2023-2025).

Agenda of the Extraordinary General Meeting
(1) Reconfirming the previous approval for establishment of a stock option program and delegating the board of directors to establish the program in accordance with the provisions of the applicable laws and to obtain the necessary approvals.
(2) Approved the Board proposal regarding amendment of Article No. (7) of the Bank’s Article of Association as per the details in the attached Schedule I, in respect of increasing the foreigners’ ownership limit to be 100%, and after obtaining the necessary approvals.
(3) Approved continuation of the $2 billion medium-term bond program (EMTN) and authorizing the Board of Directors to update the program from time to time, and to pay any tranche on its maturity date and to re-issue in accordance with the terms and conditions of the program, and to determine the size and manner as may be specified by the Board of Directors, in compliance with the instructions of the regulatory authorities.
(4) Approving the authorization of the Chairman of the Board of Directors, or the Vice Chairman of the Board of Directors, to complete the necessary procedures for the amendment of the Articles of Association in accordance with the above, including attendance and signing before the authentication department at the Ministry of Justice
and Ministry of Commerce and Industry and other governmental entities, and to apply any amendment to the Articles of Association as required by the aforementioned authorities even if not presented to the General Assembly.

Schedule (I) 

Proposed amendments to the Articles of Association 

Current Article No 7  

Second Paragraph

Subject to th.

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