Announcing the Opening of Nominations for Membership of the Board of Directors of Qatar Islamic Insurance Group

QR 150 Million Full Paid Up Capital

CR 16584 – P. O. Box 22676 – Doha – Qatar

 

Messrs. Esteemed Shareholders, Based on the Companies Law No. (11) of 2015, as amended by Law No. (8) of 2021 amending some of its provisions, and to the  Governance for Companies Listed on the Main and Second Markets issued by the Board of Directors of the Qatar Financial Markets Authority Resolution No. (5) of 2025, and to the Group’s Articles of Association, please be informed that it has been decided to open nominations for memberships in the Group’s Board of Directors for the next three years (2026 / 2027 / 2028), to elect nine members to the Board of Directors ( six non-independent members and three independent members).

Please note that nominations will be open for a period of 15 days, starting from the morning of Thursday 27/11/2025 until Thursday 11/12/2025 at 1 pm (The Nomination Period). Every person/ shareholder who meets the nomination conditions and wishes to run for membership on the Board of Directors of Qatar Islamic Insurance Group for the new term (2026 – 2028) shall receive, fill out and submit the nomination application available at the Group’s main headquarters in the C Ring Road 1^st Floor or obtain it from the Group’s website www.qiic.com.qa. Anyone who wishes to apply shall have the right to submit the form and all the documents required by the Group electronically or in paper format to waleed@qiic.com.qa.

The applicant  whose  application  has  been  rejected  shall  have  the right to submit a complaint to the Group and then to the Authority in accordance with the procedures outlined in the Complaints Rules and Procedures issued by Resolution No. (6) of 2009 of the Board of Directors of the Qatar Financial Markets Authority, amended by Resolution No. (2) of 2018.

Application forms for individuals and companies, along with the terms and conditions, are available here

1- Required documents and forms

2- Individual nomination request

3- Company nomination request

4-Request to appoint a company representative

5-Beneficial owner identification form

 

Terms of Membership on the Group’s Board of Directors

 

1.	The Board member shall be at least twenty-one years of age and fully competent.
2.	He / she shall not have been previously convicted of a criminal offense, or of a crime involving moral turpitude or dishonesty, or of any of the crimes referred to in Article (40) of Law No. (8) of 2012 regarding the Qatar Financial Markets Authority, or Articles (334) and (335) of Law No. (11) of 2015 promulgating the Commercial Companies Law, or be prohibited from engaging in any work in entities subject to the Authority’s oversight pursuant to Article (35, Paragraph 12) of the referenced Law No. (8) of 2012. He/she shall provide the Group with a criminal record certificate (Certificate of Good Conduct) proving this.
3.	He / she shall be a shareholder and owner of a number of shares in the Group as specified in the Articles of Association, which shall be deposited with the depository within sixty days from the date of the commencement of membership and remain in the depository until the end of membership and the approval of the budget for the last financial year. These shares shall not be subject to negotiation, mortgage, or seizure. Independent members and members representing employees of the Group shall be exempt from the requirement to contribute or own Group shares as stipulated in this clause.
4.	The member shall not have previously been declared bankrupt, unless he has been rehabilitated, or defaulted on his debts, caused losses to financial institutions, been 15 previously dismissed, or has any conflict of interest affecting his/her impartiality and independence.
5.	All members of the Board, or their representatives, shall have university qualifications or equivalent qualifications and experience, and shall possess diverse and appropriate competencies and skills, both individually and collectively, to perform their assigned roles professionally, effectively, and comprehensively. The Board shall determine the conditions, qualifications, and experience required for members to undertake such roles.
6.	The term of an independent member shall not exceed two rotating Board terms.

 

Conditions of Independence according to the Provisions of Article No. (1) of the Code of Governance for Listed Companies: A natural person who enjoys complete independence from the Group, thus enabling him to make appropriate decisions with impartiality. This independence is achieved by meeting the following minimum criteria :-

 

1.	Neither he / she nor any of his / her First-degree Relatives own, directly or indirectly, any of the Group’s shares, nor are any of them major shareholders in any of the Group’s affiliated companies.
2.	Neither he/she nor any of his / her First-degree Relatives are members of a group or association of natural or legal persons exercising control over the Group.
3.	Neither he / she nor any of his / her First-degree Relatives, nor the companies they own, have any contractual relationship, or any direct or indirect interest in the Group, including receiving any salary or material benefit from the Group that might affect their ability to make independent decisions (with the exception of remuneration and allowances received for membership on the board).
4.	He / she shall not work or hold shares in an organization that provides the Group with advisory or professional services, such as external auditing, outsourcing, or other services, whether in his / her personal capacity or through a First-degree Relative. Moreover, neither he / she nor any of his/her First-degree Relatives shall have any direct or indirect interest in, or be a party to, contracts, projects, or engagements conducted by the Group.
5.	He / she shall not be a first-degree relative of any member of the Board or the Group’s senior executive management.
6.	He / she or any of his / her First-degree Relatives shall not work and shall not have worked for the Group during the previous five years.
7.	He / she shall have a university degree and at least five years of relevant financial or specialized corporate business experience.
8.	The term of membership for an Independent Member shall not exceed two rotating terms on the Board.

 

Documents Required for Nomination :

First: Natural Person (Individual Candidates) :

 

1. Application for candidacy, after completing the forms and signing the acknowledgements and undertakings.
2. Proof of identity of the candidate (ID card for Qataris, passport for non-Qataris).
3. A valid Certificate of Good Conduct in accordance with the requirements.
4. The candidate’s financial credit report issued by the Qatar Credit Bureau.
5. A recent certificate of ownership of membership guarantee shares for non-independent candidates and for those not representing the staff of the Company ; or the candidate’s acknowledgement that the certificate has been deposited with the depository within the legally specified timeframe.
6. The candidate’s undertaking that he / she shall not hold positions simultaneously, in compliance with the requirements of Article (7) of the Code of Governance for Companies Listed on the Main and Second Markets.
7. A detailed and up-to-date CV for the candidate.

 

Second: Legal Person/ Entity :

All the previous documents for individual candidates shall be provided, in addition to the following documents :

1. Application for nomination for a legal entity, after completing the forms and signing the acknowledgements and undertakings.
2. Request for the nomination of an individual by an elected legal person on the Board (Form No. 5).
3. A copy of the legal entity’s valid commercial register or its equivalent.
4. The registration card of the legal entity’s establishment.
5. A recent certificate of the legal entity’s ownership of membership guarantee shares for non-independent candidates and for those not representing the staff of the Company; or the candidate’s acknowledgement that the certificate has been deposited with the depository within the legally specified timeframe.
6. A recent certificate of share ownership for the legal entity’s representative (if applicable).
7. An undertaking by the legal entity’s representative that he/she shall not hold positions simultaneously in compliance with the requirements of Article (7) of the Code of Governance for Companies Listed on the Main and Second Markets.
8. A valid Certificate of Good Conduct for the legal entity’s representative in accordance with the requirements of the Code.
9. Proof of identity for the legal entity’s representative (ID card for Qataris, passport for non-Qataris).
10. A detailed and up-to-date CV for the legal entity’s representative.
11. The form for determining the beneficial owner of the legal person (Form No. 7) .