THE AGM OF QATAR ISLAMIC INSURANCE ENDORSES ITEMS ON ITS AGENDA AND APPROVES THE DISTRIBUTION OF 40% CASH DIVIDEND AND HELD ITS EGM ON 20/4/2016
The following are the resolutions that the AGM unanimously passed :-
1- Approval of the reports of the Shari''''a Supervisory Board and Independent Auditors on the Company''''s Financial Statement for the Year Ended 31.12.2015.
2- Approval of the Policyholders and Shareholders'''' Financial Statements for the Year Ended 31.12.2015.
3- Approval of the recommendation made by the Board of Directors to distribute cash dividends equaling 40 % of the shares nominal value i.e. QR 4 per share for the Year Ended 31.12.2015.
4- Absolving the Board of Directors of all responsibility and granting each Board Member QR 281,154 as remunerations for each member with a total QR 3,373,844 for the Financial Year 2015.
5- Approval of the report of the Governance for 2015.
6- Appointing K.P.M.G. as the Company''''s new Independent Auditors and determining their audit fees at QR 115,000 ( One Hundred Fifteen Thousand Qatari Riyal ) for the Financial Year 2016 .
Due the Extordinary General Assembly Meeting of the QIIC was not achieved the necessary quorum so the next meeting will be held Wednesday 20.4.2016 at Al-Rayyan Hall in Sheraton Hotel at 5.30 pm.