Qatar Insurance announces the results of the AGM and EGM. The meeting was held on 19/03/2023 and the following resolution were approved

General Assembly meeting

1.    The Directors Report on the activities of the Company, its financial positions for the year ended 31st Dec. 2022, and the future plan. 

2.    The auditor’s report for the financial information 2022.

3.    The company’s balance sheet, and its profit & loss account for the year 2022.

4.     Non - distribution, of dividend for the year 2022.

5.     Discharging the Board of Directors.

6.    The Corporate Governance Report for the year 2022.

7.    The remuneration policy for 2023.

8.    Reappointing the auditors for the Financial Year 2023 with Fees of QR. (1,160,212/60).

9.    Electing the members of the board of directors for the period (2023 - 2025)

Extraordinary General Assembly

1.     amending the text of Article (16) of the Company’s Articles of Association to read as follows

“Non-Qatari investors are allowed to own up to (49%) forty-nine percent of the company’s shares, and allowed to own up to (100%) one hundred percent of the company’s shares, when the legislation allowing this is issued.

2.     the amendment of condition (3) of the conditions for membership in the company’s board of directors stipulated in Article (37) of the company’s articles of association to read as follows :

“3-...To be a shareholder and owner of (20) Twenty Million shares of the company's capital shares .., etc..”

3.     Authorizes the Chairman or his deputy signing solo on all documents needed to amend the article of association of the company.