QIIB officials during the second Ordinary General Assembly meeting, yesterday.
Doha: The Qatar International Islamic Bank (QIIB) held the its second Ordinary General Assembly meeting during the year 2023 yesterday, at 5:30pm corresponding to 17/5/2023, in the Bank’s main building on Grand Hamad Street. (The alternative appointment - the second due to the lack of a quorum in the first meeting on 7-5-2023)
The General meeting approved the agenda for the assembly meeting as follows:
■ Approved the board of directors’ recommendation to extend last General Assembly approval of $2.0bn based on a study for each issuance and different scales of bank needs after getting all necessary approvals from supervisory authorities. The Sukuk should not exceed the bank’s capital and reserves.
■ Two additional members of the Board of Directors were elected from among the shareholders to complete the current period, which ends on 13/3/2026, so that the number of members of the Board of Directors to 11 members, and the new members are the following: Al-Tayebin Trading and Services Co. represented by Dr. Ayedh Dabsan E A Al- Qahtani, Fasil For Business and Real Estate Co and adopting Fasil For Business and Real Estate Co as a reserve member.
