Qatar International Islamic Bank (QIIB) held its extraordinary annual general meeting (EGM) on Sunday through Zoom application. The meeting was chaired by Vice Chairman Rashid Nasser Al Kaabi.
The EGM approved the amendments to the bank’s Articles of Association in accordance with the Law No. 8 of 2021, which amends the Law No. 11 of 2015, in addition to amend Article 76 of the Articles of Association everywhere the ownership percentages of non-Qatari investors are subject to a maximum in accordance with the provisions of the laws and legislation in Qatar and the relevant instructions of the Qatar Central Bank.
The EGM authorised the chairman to make amendments to the Articles of Association in line with the extraordinary General Assembly resolutions, and to sign the amended Articles of Association in accordance with the instructions of Ministry of Commerce and Industry or Qatar Financial Market Authority, and in accordance with the Law No. 8 of 2021 which amends the Corporate Law No. 11 of 2015.