Qatar General Insurance & Reinsurance Company Q.P.S.C. disclosure of Qatar Central Bank resolution on the appointment of a temporary Board of Directors

Qatar General Insurance & Reinsurance Company Q.P.S.C. discloses that based on the resolution of the Governor of Qatar Central Bank No. (5) for year 2020, the following has been decided:

First: Ending the tenure of the current Board of Directors of Qatar General Insurance & Reinsurance Company Q.P.S.C.,

Second: The appointment of a temporary Board of Directors for Qatar General Insurance & Reinsurance Company from Company’ shareholders for a tenure of one year, renewable, as follows:

1. Hamad Mohammad Hamad Al-Mana                                                     Chairman of the Board
2. Sheikh Khalifa Bin Jassim Bin Mohammad Al Thani                           Deputy Chairman
3. Faleh Al – Nasr                                                                                         Board Member
4. Ali Saleh Al Fadala                                                                                  Board Member
5. Nawaf Ibrahim Al-Mana                                                                         Board Member

Third: The temporary Board of Directors to carry out its responsibilities per the company bylaws and the other duties specified in the resolution No. (5) for year 2020.

Fourth: The general assembly meeting will be postponed until the temporary Board of Directors and the relevant authorities decide on a new date.

Fifth: All the concerned bodies must implement the said resolution as of date of issuance and all contrary decisions are cancelled.