THE AGM AT QATAR ISLAMIC INSURANCE ENDORSES THE ITEMS LISTED ON ITS AGENDA AND APPROVES THE 25% CASH DIVIDEND DISTRIBUTION

Qatar Islamic Insurance Company announces the results of its Annual General Assembly Meeting (AGM) results held on Tuesday March 9, 2010 , at Millennium Hotels ( Simsima ) Hall The following are the resolutions that the AGM unanimously passed :-

  1. Approval of the reports of the Sharia Supervisory Board and Independent Auditors on the Companys Financial Statement for the Year Ended 31.12.2009.
  2. Approval of the Policyholders and Shareholders Financial Statements for the Year Ended 31.12.2009.
  3. Approval of the recommendation made by the Board of Directors to distribute cash dividends equaling 25 % of the shares nominal value i.e. QR 2.5 per share for the Year Ended 31.12.2009.
  4. Absolving the Board of Directors of all responsibility and granting each board member QR 155,000 as remunerations with a total QR 1,395,000 for the Financial Year 2009.
  5. Appointing K.P.M.G. as the Companys new Independent Auditors and determining their audit fees at QR 80,000 for the Financial Year 2010.