Al Khalij Commercial Bank PQSC (al khaliji) recently held its General Assembly where shareholders discussed and adopted the Board Nomination and Election policy presented to the meeting.
The policy was developed to comply with the applicable corporate governance laws and regulations, based on which the next board elections will take place.
The shareholders also approved the proposed amendments to the bank’s Articles of Association (AoA) as recommended by the Board of Directors to comply with certain requirements on Governance of Banks and Financial Institutions issued by Qatar Central Bank. The proposal to release the establishment fees reserve of QAR167 million was also approved and the Board of Directors given authority to utilise the reserve as it deems necessary and in the best interest of the bank, subject to the necessary regulatory approvals.
The meetings were held at the Marriot Marquis Hotel in Doha and attended by shareholders, regulators, board members, management and staff, as well as other investors and analysts.
For more information about al khaliji, visit their website at alkhaliji.com.