Officials at QLM Life & Medical Insurance Company during the Annual General Meeting yesterday.
Doha: QLM Life & Medical Insurance Company’s Annual General Meeting (AGM) which was held yesterday has approved the recommendation to distribute cash dividends of 22 percent of the nominal value of shares.
Other resolutions which have also been approved during the meeting include the approval of the Directors’ Report on the Company’s activities, its financial position for the year ended December 31, 2021, and its future plans.
The external auditor’s report for the financial statements of 2021, as well as the Company’s balance sheet and its profit and loss statement for the financial year 2021 were also discussed and approved during the event.
The AGM has also decided to discharge the members of the Board of Directors and approve their remuneration for the year 2021.
Other items on the agenda also included the review and approval of the Company’s Corporate Governance Report for 2021, in addition to the Related Party Transaction Policy, review and approval of the Remuneration policy for 2022, and appointing the external auditors for the financial year 2022 and determining their fees.
In the absence of meeting the quorum for the extraordinary general assembly (EGM), and approval from the Qatar Central Bank (QCB), the meeting shall be postponed to March 21 at the same time and place.
