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The Board of Directors of Doha Bank is honored to invite the esteemed shareholders to attend the Extra Ordinary and Ordinary General Assembly Meeting of the Shareholders, which will be held at 04:00 PM on Monday 6/3/2017 in Head Office Tower – West Bay – floor no. (1). However, if the quorum required is not attained, a second meeting will be held on Monday 13/3/2017 at the same time and venue to look in:
EGM Agenda:
1. To approve an increase in the bank’s capital from QR 2,583,722,520 to up to QR 3,100,467,024 (representing an increase of 20% from the current paid-up share capital) by way of offering51,674,450 new ordinary shares for subscription to Doha Bank’s eligible shareholders who are registered in the shareholders’ register with Qatar Central Securities Depository (QCSD) at the close of trading on Wednesday 15th of March2017 and the holders of subscription rights, at a price of QR (25) per share representing a premium of QR (15) in addition to a nominal value of QR (10) per share.
2. To grant the Board of Directors of Doha Bank and those authorized by the Board full authority to execute this issuance and to determine the time and the related terms and conditions, deal with unsubscribed shares and any other issue that may arise during the subscription process, after obtaining the approval of QFMA, the Ministry of Economy and Commerce and any other related competent authority.
3. To approve waiving priority rights of eligible shareholders to third parties who would be the holders of those rights as a result of buying the subscription rights from the shareholders as per QFMA rules and commercial companies by law No. (11) of year 2015.
4. To approve waiving priority rights of the eligible shareholder who does not subscribe during the specified subscription period.
5. To approve offering the unsubscribed shares by eligible shareholders and the holders of subscription rights for public subscription in accordance with QFMA and any other applicable rules/regulations.
6. To approve listing the Rights Issue at Qatar Exchange in relation to Bank’s raised capital as per QFMA and any other applicable rules/regulations.
7. To authorize the Board to deal with fractional shares that would arise from subscription.
8. To approve amending Article No. (6) of the Articles of Association of the Bank to reflect the impact of the aforementioned capital increase.
9. To approve amending Article No. (23) of the Articles of Association of the Bank as follows:
"The company's board of directors consists of (9) nine members. The ordinary General Assembly elects (7) seven members by secret ballot and (2) two members are appointed as independent members, according to the law and the instructions of Qatar Central Bank".
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