Result of AGM

RNS Number : 4248N

Commercial Bank of Qatar (Q.S.C.)

17 February 2009

 

 

Resolutions of the Annual general Meeting

 

Following are the resolutions taken at the Bank’s Annual General Meeting held on 16 February 2009.

 

The General Assembly approved all items listed on its Agenda as follows:

 

1. TheChairman’s Statement and the report of the Board of Directors on the activities of the Company and its financial position for the financial year ended 31.12.2008, and the future plans of the Company.

 

2. The Auditors report on the Company's financial statements presented by the Board of Directors for the financial year ended 31.12.2008.

 

3. The Shari’ah Supervisory Board report on Al Safa Islamic Banking for the financial year ended 31.12.2008 was read and approved.

 

4. The Shareholders discussed and approved the Company’s financial statements for the year ended 31.12.2008.

 

5. The AGM approved the Board of Directors’ recommendation to distribute a cash dividend of 70% of the share’s nominal value to the shareholders for 2008, i.e. QR7/- for each share held.

 

6. The Shareholders absolved the Directors of the Board from liability for the financial year ended 31.12.2008.

 

7. The AGM approved the remuneration of the Directors of the Board for the year ended 31.12.2008 and the policy defining the basis of calculation of remuneration granted to them.

 

8. The AGM approved the re-appointment of M/S Ernst & Young as the Bank’s external auditors for the year 2009 and determined their remuneration.

 

Enclosed please find the Chairman’s and the Managing Director’s reports read in the Meeting.

http://www.rns-pdf.londonstockexchange.com/rns/4248N_-2009-2-17.pdf 

 http://www.rns-pdf.londonstockexchange.com/rns/4248N_1-2009-2-17.pdf

 

Yours Sincerely,

Commercial Bank of Qatar Q.S.C.

This information is provided by RNS

The company news service from the London Stock Exchange