Masraf Al-Rayan announces that the General Assembly Meeting AGM and EGM will be held on 18/03/2024, Electronically and 10:00 PM. In case of not completing the legal quorum, the second meeting will be held on 25/03/2024, in the Ritz Carlton Hotel Doha and 10:00 PM 

AGM Agenda: 

1.      To review and endorse the Board of Directors report on MAR activities and its financial position for the fiscal year ended 31 December 2023 and the future plan of the Company for the year 2024;

2.      To hear the Shari’ah Supervisory Board report on MAR compliance with Shari’ah rules for fiscal year ended 31 December 2023;

3.      To review and endorse the External Auditors report on MAR Financial Statements as presented by the Board of Directors for the fiscal year ended 31 December 2023;

4.      To discuss and approve MAR Financial Statements for the fiscal year ended 31 December 2023;

5.      To discuss and approve the proposals of the Board of Directors regarding appropriation and cash dividend of QAR 0.10 per share, representing 10% of the nominal value of the share for the fiscal year 2023 and acknowledgement of profits appropriation policy;

6.      To hear and discuss the External Auditor's report on the requirements of Article (24) of the Corporate Governance Code of Companies and Legal Entities listed on Primary Market issued pursuant to Resolution No. (5) of 2016 of the Board of Directors of Qatar Financial Markets Authority (“QFMA”); 

7.      To discuss and approve of MAR Annual Corporate Governance Report for the year 2023 

8.      To absolve the Chairman and Board Members from all responsibilities for the fiscal year ended 31 December 2023, fix their remuneration for 2023 and approve the policy of remuneration and incentives of the Board and Senior Management and major trasnactions with related parties, if any; 

9.      To appoint MAR External Auditors for fiscal year 2024 and approve their fees

10.   To take note of the replacement of Mr. Turki Al Khater by Mr. Ahmed Ali Al Hamadi as representative of the General Authority for Pension and Social Insurance on MAR Board for the rest of the current Board term 2023-2024-2025 

11.   To take note of the resignation of the Independent Board member Mr. Abdulal Bin Nasser Al Misnad and to elect one replacement to fill-in the vacancy in the Independent seat for the rest of the current Board term 2023-2024-2025 

 

EGM Agenda

1. To amend Article (19) of MAR’s amended Articles of Association (“AOA”) authenticated under No. 149652/2022 dated 14/12/2022 to comply with Qatar Central Bank’s Circular No (2) of 2023 amending some provisions of corporate governance regulations 

2. To authorize the Chairman and/or Vice Chairman of the Board and/or whomever the Board may delegate to sign the final version of the amended AOA and complete the required formalities subject to necessary regulatory approvals

For details, please refer to the enclosed AGM Notice. 

 

Click here to download attachment