Qatar First Bank (QFB), the first independent Shari’ah compliant bank authorised by the QFC Regulatory Authority (QFCRA), held its Extraordinary General Assembly Meeting (EGM) yesterday.
The virtual EGM was chaired by Sheikh Faisal bin Thani Al Thani, QFB’s Chairman, with the attendance of the QFB’s board members, shareholders, and senior management team.
The EGM discussed and approved all items on its agenda, including the amended Articles of Association, in addition to authorising the chairman to sign the approved amended Articles of Association to facilitate the registration of the amended Articles of Association with the relevant regulation authorities.
The EGM has also discussed and approved the Bank’s updated Corporate Governance Manual. Addressing the Extraordinary General Assembly Meeting, Sheikh Faisal said: “With the support of the members of the board and shareholders, and thanks to the dedication of all the management and employees of the Bank, Qatar First Bank will continue implementing its business strategy with further commitment to improve its overall performance, balance sheet and liquidity position through the ongoing financial year.”
“Qatar First Bank is better equipped to navigate the business challengers in light of the gradual economic recovery across the globe and the ongoing business implications of the COVID-19 pandemic in Qatar and around the world.
We will certainly be successful in surpassing all these potential challenges while increasing our operational efficiency, rationalizing our expenditures, and working towards cementing our position as the leading Shari’ah compliant investment bank in Qatar,” concluded Sheikh Faisal.
