This is to inform you that the 2nd Ordinary & Extraordinary General Assembly Meeting for the Qatar Islamic Insurance Group has been held on Sunday 9.4.2023, the quorum was achieved and the following resolutions was approved :-

 

1st   :  Ordinary General Assembly Meeting Resolutions :-

 

• Approval of the report of the Board of Directors for the Year Ended 31.12.2022.

 

• Approval of the report of the Shari’a Supervisory Board for the Year Ended 31.12.2022.

 

• Approval of the Independent Auditors’ report on the Group’s financial statements presented by the Board of Directors and his report on the internal control over financial reporting and the compliance with the principles of governance for the Financial Year ended 31.12.2022 .

 

• Approval of the Policyholders and Shareholders’ Financial Statements for the Year Ended 31.12.2022. And approved of the recommendation made by  the Board of  Directors  to  distribute cash dividends equaling 45 % of the shares nominal value i.e. QR 0,45 per share for the Year Ended 31.12. 2022

 

• Absolving the Board of Directors of all responsibility and granting there remunerations for the Financial Year 2022.

 

• Approval of the report of the Governance for the year 2022.

 

 

 

• Approval election 9 members of the Board of Directors for the next 3 years 2023 – 2025 (6 members as Not Independent and 3 members as Independent):-

Independent / Not Independent	Share Number	Name / Representative	Sr.
Not Independent	419202	Tareeq Al-Haq for Trading & Services Company Represented by Sheikh / Mohd Ben Thani Ben Abdulla AL Thani	1-
Not Independent	34690	Abdul Rahman A / Jalil A / Ghani AL Abdulghani	2-
Not Independent	229071	Dar Al-Thuraya for Investment Represented by Sheikh / Turkey Ben Khaled Ben Thani AL Thani	3-
Not Independent	41381	Thubair Investment Group Represented by Sheikh Abdulla Ben Khaled Ben Thani AL Thani	4-
Not Independent	41383	Al-Baydakh Investment Company Repesented by Sheikh / Nasser Ben A/Aziz Ben Nasser AL Thani	5-
Not Independent	237537	Med Care Group Represented by Sheikh / Thani Ben Abdulla Ben Thani AL Thani	6-
Not Independent 1st Reserved	221411	Tuhama Business Development Company Represented by Sheikh / Hamad Ben A/Aziz Ben Naser AL Thani	7-
Not Independent 2nd Reserved	228950	Withaq Business Development They shall provide us with there representative later	8-
Independent	–	Rashed Nasser Rashed Seryae Al Kaabi	9-
Independent	–	Jamal Abdulla Ahmad Al Jamal	10-
Independent	–	Khaled Mohd Asad Al Emadi	11-
Independent 1st Reseved	–	Hamad Abulla Mohd Shareef Al Emadi	12-

 

 

 

 

 

• Approval the appointment of 3 members for Sharia Control Committee for a period of 3 years (2023 – 2025) , and they are as following :-

 

1)  Dr. Waleed Mohammed Hadi                       –           Head of Committee

 

2)  Dr. Abdul Aziz Khalifa Al Qassar                –           Member

 

3)  Dr. Mohamed Ahmine                                   –           Member

 

The General Assembly of Shareholders has authorized the Board of Directors to determine their annual fees .

 

• Approval appointing M/S. K P M G as the Company’s new Independent Auditors for the Financial Year 2023.

 

2nd   :  Extraordinary General Assembly Meeting Resolutions :-

Approval amending the number of articles in the articles of association (as attached) according to the Commercial Companies Law by Law No. 11 of 2015 and its amendments by Law No. 8 of 2021, and approved to authorize the Chairman or his Deputy individually to sign all the necessary documents to amend the article of association of the Group.