Qatar Islamic Bank - QIBK

The Board of Directors of Qatar Islamic bank is pleased to invite you to attend the meeting of the Ordinary and Extraordinary General Meeting of the Bank which will be held at 4:00 pm on Wednesday, 21/02/2018 at the Al Mirqab Ballroom in the Four Seasons Hotel to discuss the agenda stated below. In case the quorum has not been met, another meeting will be held on Wednesday 28/2/2018 at 4:00 pm in the same place.

Agenda for QIB Ordinary AGM:

1. Board of Director’s Report on the results of the Bank and financial statements for year ended 31/12/2017 and discussion of the plan for the year 2018.

2. Sharia Supervisory Board report.

3. External auditors’ report on the financial statements for the year ended 31/12/2017

4. Discussion and approval of the Bank’s balance sheet and profit and loss for the year ended 31/12/2017.

5. Approval of the board of directors’ proposal to distribute 50% cash dividends of the nominal value per share, i.e. QAR 5 per share.

6. Absolve the Board members from liability for the year ended 31/12/2017 and approval of the remuneration prescribed to them.

7. QIB Governance Report for the year 2017.

8. To approve the increase in percentage ownership of the Non-Qataris in the Bank’s capital to 49% instead of 25%.

9. Increase and renewal of the Bank's Sukuk program as follows:

- Renewal of the QAR 7.5 billion limit for the Additional Tier 1 (AT1) Perpetual Sukuk of which QAR 4 billion is utilized

- Increase the limit of QIB Sukuk program in USD to a maximum of USD 4 billion instead of USD 3 billion.

10. Nomination of the external auditors of the Bank for the year 2018 and determination of the fees to be paid to them.