Qatar Islamic Bank(QIB) announces the results of the AGM and EGM was held on 20/2/2019 and has approved the following resolutions:

Assembly General Meeting Results:

1. The Assembly approved the Board of Director’s Report on the results of the Bank and financial statements for year ended 31/12/2018 and the plan for the year 2019.
2. Approved the External auditors’ report on the financial statements for the year ended 31/12/2018
3. The AGM Discussed and approved the Bank’s balance sheet and profit and loss for the year ended 31/12/2018.
4. The Assembly approved the board of directors’ proposal to distribute 50% cash dividends of the nominal value per share, i.e. QAR 5 per share.
5. The AGM absolve the Board members from liability for the year ended 31/12/2018 and approved the remuneration prescribed to them.
6. Approved the Bank Governance Report for the year 2018.
7. The Assembly nominated KPMG as external auditors of QIB financial statements for the year 2019.
The Extraordinary Assembly Meeting Results:

The Extraordinary Assembly approved the amendment of the Articles of Association of the Bank to comply with the listing condition of dividing the book value per share to 1 QAR instead of 10 QAR, as per instructions from Qatar Financial Markets Authority, in addition to amendments to principles and standards of governance, as per the concerned authorities.