Qatar General Insurance & Reinsurance Company announces the results of its Ordinary General Assembly Meeting for the year 201922 September 2021
Qatar General Insurance & Reinsurance announces the voting results on the agenda items of the Ordinary General Assembly for the year 2019 held on the 25th April 2021; the Shareholders’ General Assembly approved and adopted by majority the following agenda items;
1- Approval of the Board of Director’s Report on the Company’s activities and its financial position for the financial year ended 31st December 2019 and the Company’s future plan.
2- Approval of the External Auditor’s Report for the financial year ended 31st December 2019.
3- Approval of the Company’s Balance Sheet, Profit & Loss accounts for the financial year ended 31st December 2019 and the adjustments for the financial years ended 31st December 2018 and 31st December 2017.
4- Approval of the Board of Director’s proposal not distribute dividends for the financial year ended 31st December 2019.
5- Approval of discharging the Chairman and members of the Board from liability for the financial year ended 31st December 2019 and approved not distribute remuneration to the board members.
6- Approval of the Company’s Corporate Governance Report for the year 2019.
7- Approval of the appointment of Company’s External Auditors Messrs. KPMG for the financial year 2020 and their fees.
8. Electing and appointing a new Board of Directors for period (2021 – 2023).
The provisions of Qatar Central Bank Law No. (13) of 2012 and Qatar Central Bank Circular No. (1) of 2016 regarding the ownership limits and restrictions in financial
institutions under the supervision and regulations of Qatar Central Bank and related instructions have been adhered to in the counting of the voting results for General Assembly of 2019.