Category: News

Pursuant to Qatar General Insurance & Reinsurance Company’s disclosure on amending the General Assembly Meetings for the year 2019 and 2020 on 30 March 2021, The Company announces that the proxies’ forms to the second company’s Ordinary General Assembly Meeting for the year 2019 and Ordinary General Assembly Meeting for the year 2020 have been updated. Therefore, we request the updated forms to be used.

The updated proxies form for year 2019 and year 2020 can be found at the Company’s website and / or premises at Al-Asmakh Street.

 

Proxy- AGM 2020

Proxy- AGM 2019

Qatar General Insurance & Reinsurance Company announces that after the closing of the Board Membership nomination for period (2021 – 2023), (23) twenty-three nomination requests have been received. Upon reviewing the candidates nomination requests per Company’s Nomination guidelines for the Board Membership and the applicable legislations, the Board of Directors accepted the Nomination and Remuneration Committee recommendation to approve (10) nomination requests and not to approve (13) nomination requests. However, the final list of the board candidates is subject to Qatar Central Bank & other regulatory approvals.

For Board’ candidates inquiries, they can contact Mr. Adnan Abu Alhaijaa – Board’ Secretary on the following; Email: a.abualhaija@qgirco.com

Landline: 44282214

Mobile: 66760123

 

Pursuant to Qatar General Insurance & Reinsurance disclosure on the registration of a shareholders Lawsuit No. 2367/2020 against the Company and its Temporary Board of Directors on 19 November 2020, The “Court of First Instance – circuit number 8” on March 25, 2021 issued its rejection of the Lawsuit and obliged the plaintiffs’ to bear the Lawsuit fees.

 

 

judgement

Pursuant to Qatar General Insurance & Reinsurance Company disclosure on the General Assembly Meetings for the year 2019 and 2020 on 25 March 2021, Qatar General Insurance & Reinsurance Company announces the amendment of the date of second company’s Ordinary General Assembly Meeting for the year 2019 and the date of the Ordinary General Assembly Meeting for the year 2020 to be held on Wednesday, 14 April 2021 to be held virtually (through “Zoom” application). The Company second Ordinary General Assembly Meeting for the year 2019 will be held at 9:30 PM and at 10:00 PM for Ordinary General Assembly Meeting for the year 2020,  In case the required quorum is not met for year 2020, the second meeting will be held on Monday, 19 April 2020 at same time above.

Registration to General Assembly Meetings for year 2019 and year 2020 in person (either self or by proxy) at Company’s headquarter in area 4, Musheirib, Street 880, Building No. 23, starting from 7:00 PM till 9:00 PM.

Qatar General Insurance & Reinsurance Co. Q.P.S.C. announces the clarification on participating in the General Assembly Meetings for the year 2019 and 2020

Pursuant to Qatar General Insurance & Reinsurance Company Q.P.S.C Disclosures on 15 March 2021 on the date of second company’s Ordinary General Assembly Meeting for the year 2019 and the date of Ordinary General Assembly Meeting for the year 2020, and in compliance with Ministry of Public Health instructions to limit the spread of the Corona pandemic (Covid19) and for the safety of the shareholders, the above mentioned meetings will be held virtually (through “Zoom” application) at 4:30 PM for the second Company’s Ordinary General Assembly Meeting for the year 2019 and at 5:00 PM for Ordinary General Assembly Meeting for the year 2020 on Wednesday, 31^st March 2021. In case the required quorum is not met for year 2020, the second meeting will be held on Monday, 5^th April 2021 at 4:30 PM, noting that Shareholders registration will be as follows:

Shareholders to register in person (either self or by proxy) at Company’s headquarter in area 4, Musheirib, Street 880, Building No.23, starting from 14:30 PM.

SHAREHOLDERS’ INVITATION TO ATTEND ORDINARY GENERAL ASSEMBLY MEETING OF QATAR GENERAL INSURANCE AND REINSURANCE Co. Q.P.S.C

 For fiscal year ended 2019

 

Pursuant to Company’s disclosure of postponing the second meeting of General Assembly for year 2019 on  01 July 2020 in compliance with Qatar Central Bank instruction, and upon obtaining the approval of Supervisory Departments, Qatar General Insurance & Reinsurance Company is pleased to invite its Shareholders to attend the second Company’s Ordinary General Assembly Meeting, to be held on Wednesday, 31 March 2021 at  City Centre Rotana Doha – Almas Ballroom located (Al Dafna – West Bay – Conference Centre Street –  Zone 61 – Street No.811 – Building No. 20( at 4:30PM.

 

Agenda of the Ordinary General Assembly:

1- Hearing, discussing and approving the Board of Director’s Report on the Company’s activities and its financial position for the financial year ended 31^st December 2019 and the Company’s future plan.

2- Hearing and approving the External Auditor’s Report for the financial year ended 31^st December 2019.

3- Discussing and approving the Company’s Balance Sheet, Profit & Loss accounts for the financial year ended 31^st December 2019 and the adjustments for the financial years ended 31^st December 2018 and 31^st December 2017.

4- Approving the Board of Director’s proposal not distribute dividends for the financial year ended 31^st December 2019.

5- Discharging the Chairman and members of the Board from liability for the financial year ended 31^st December 2019 and approving not distribute remuneration to the board members.

6- Discussing and adopting the Company’s Corporate Governance Report for the year 2019.

7- Adopting the appointment of Company’s External Auditors for the financial year 2020 and approving their fees.

8- Board Members’ Election for the period (2021 – 2023).

 

Hamad Mohammad Al-Mana

Chairman of the Temporary Board

Notes:

1. Shareholders entitled to attend the meeting are the shareholders listed as per Qatar Central Securities Depository Registrar upon the closure of trading in Qatar Stock Exchange at the same day of the General Assembly Meetings.
2. The published invitation announcement in local newspapers, Qatar Stock Exchange website and the Company’s website shall be deemed as the official legal announcement to all shareholders, with no need to send special invitations by courier as per the terms of the Commercial Companies Law no. (11) of year (2015).
3. Shareholders are requested to bring their ID cards and proxies (or Delegation letters in case of Companies’ Representatives) one hour before the starting time of the meeting, to ensure timely registration.
4. Should the shareholder be not able to attend in person, he may authorize another Company Shareholder to attend, via a proxy (which can be found at the Company’s website and/or premises at Al-Asmakh Street).
5. It is not permissible to grant a proxy to a non-shareholder in the Company, or a member of the Board of Directors.
6. The number of the shares held by the attorney in this capacity shall not exceed (5%) of the capital of the Company.
7. Should the delegating shareholder be a natural person residing outside the state of Qatar, the proxy is to be ratified by the Qatari Embassy in that country.
8. Should the shareholder be a legal Corporate Entity (Company, Authority, Organization), a written, signed and stamped proxy by the shareholder is required, attached with an updated copy of the Company’s Commercial Registration.
9. Should the delegating shareholder be a Company established outside the state of Qatar, the proxy is to be executed by the Company’s representative, ratified by the Qatari Embassy in that country and attached with a copy of the Commercial Registration of the Company, also ratified by the Qatari Embassy in that country.

Proxy AGM 2019

corporate governance 2019

Internal Control Report on Financial Reports – KPMG

Board of director’s report 2019

compliance report of the corporate governance system and legal institutions listed in the main market issued by the Qatar Financial Markets Authority

 

SHAREHOLDERS’ INVITATION TO ATTEND ORDINARY GENERAL ASSEMBLY MEETING OF QATAR GENERAL INSURANCE AND REINSURANCE Co. Q.P.S.C

 For fiscal year ended 2020

 

Qatar General Insurance & Reinsurance Company Q.P.S.C announces the date and Agenda of its Annual Ordinary General Assembly Meeting for the year 2020, to be held on Wednesday, 31th March 2021 at Almas Ballroom at City Centre Rotana Doha located (Al Dafna – West Bay – Conference Centre Street – Zone 61 – Street No.811 – Building No. 20( at 5:00PM. In case the required quorum is not met, the second meeting will be held on Monday, 5^th April 2021 at 04:30 PM in the same venue, to consider the below:

 

Agenda of the Ordinary General Assembly:

1- Hearing, Discussing and approving the Board of Director’s Report on the Company’s activities and its financial position for the financial year ended 31^st December 2020 and the Company’s future plan.

2- Hearing and approving the External Auditor’s Report for the financial year ended 31^st December 2020.

3- Discussing and approving the Company’s Balance Sheet, Profit & Loss accounts for the financial year ended 31^st December 2020.

4- Approving the Board of Director’s proposal not distribute dividends for the financial year ended 31^st December 2020.

5- Discharging the Members of the Board from liability for the financial year ended 31^st December 2020 and defining their emoluments.

6- Discussing and adopting the Company’s Corporate Governance Report for the year 2020.

7- Appointing the Company’s external Auditors for the financial year 2021 and approving their fees.

 

Hamad Mohammad Al-Mana

Chairman of the Temporary Board

Notes:

1. Shareholders entitled to attend the meeting are the shareholders listed as per Qatar Central Securities Depository Registrar upon the closure of trading in Qatar Stock Exchange at the same day of the General Assembly Meetings.
2. Shareholders are requested to bring their ID cards and proxies (or Delegation letters in case of Companies’ Representatives) one hour before the starting time of the meeting, to ensure timely registration.
3. Should the shareholder be not able to attend in person, he may authorize another Company Shareholder to attend, via a proxy (which can be obtained at the Company’s premises at Al-Asmakh Street), after evidencing his capacity as a Shareholder.
4. It is not permissible to grant a proxy to a non-shareholder in the Company, or to a member of the Board of Directors.
5. The number of the shares held by proxy shall not exceed (5%) of the capital of the Company.
6. Should the delegating shareholder be a natural person residing outside the state of Qatar, the proxy is to be ratified by the Qatari Embassy in that country.
7. Should the shareholder be a legal Corporate Entity (Company, Authority, Organization), a written, signed and stamped proxy by the shareholder is required, attached with an updated copy of the Company’s Commercial Registration.
8. Should the delegating shareholder be a Company established outside the state of Qatar, the proxy is to be executed by the Company’s representative, ratified by the Qatari Embassy in that country and attached with a copy of the Commercial Registration of the Company, also ratified by the Qatari Embassy in that country.
9. For the Shareholders viewing, a list including all information stipulated in Article (122) of Commercial Companies law no. (11) Of year (2015) with respect to the in-kind and monetary benefits obtained by the Chairman and members of the Board of Directors, their remunerations, in addition to all the other statements required pursuant to this Article, shall be available at the Secretariat of the Board of Directors located at the Company’s Headquarter, one week before the convention of the Annual General Assembly.
10. For the Shareholders viewing, a list including all the statements stipulated in Article (26) of the Governance Code for Companies and Legal Entities Listed on the Main Market, related to the Company’s concluded transactions with the related parties, shall be available at the Secretariat of the Board of Directors located at the Company’s Headquarter, one week before the convention of the Annual General Assembly.
11. The published invitation announcement in local newspapers, Qatar Stock Exchange website and the Company’s website shall be deemed as the official legal announcement to all shareholders, with no need to send special invitations by courier as per the terms of the Commercial Companies Law no. (11) Of year (2015).

 

• The Approval of the Financial Statements is subject to Qatar Central Bank’s approval and other related Regulating Authorities.

Proxy- AGM 2020

corporate governance 31-12-2020

Board of director’s report 2020

KPMG report on company CG 2020 (corporate governance)

KPMG report on company ICOFR 2020

 

 

 

Qatar General Insurance & Reinsurance Company Q.P.S.C. disclosed its annual financial statements for the period ended on 31.12.2020. The statements show that the net profit is QR 130,852 Thousand compared to net loss amounting to QR 468,027 Thousand for the same period of the previous year.

Earnings per Share (EPS) amounted to QR 0.150 for the period ended December 31, 2020 compared to loss per share amounted to QR 0.535 for the same period of the previous year.

Qatar General Insurance & Reinsurance Company announces that the Investors Relation Conference Call will be held on Thursday 04 March 2021 at 01:00 Pm to discuss the company’s financial and operational performance.

Qatar General Insurance & Reinsurance Company discloses its registration of a Lawsuit Number 2 / 2021 “Plenary Commercial Court” against Al Sari Trading Company and its first owner (former Chairman of the Board of Directors of Qatar General Insurance and Reinsurance Company) and the second owner of Al Sari Trading Company before the Court of First Instance circuit number (10) in Al-Dafna.

Qatar General Insurance & Reinsurance Company Q.P.S.C. announces that the Investors Relation Conference Call will be held on Monday 02^nd November 2020 at 02:00 Pm to discuss the financial results for the period ending September 30, 2020.

 

Conference Call  Invitation 

Qatar General Insurance & Reinsurance Company Q.P.S.C. disclosed its reviewed financial statements for the period ended on 30.09.2020. The statement shows that the net profit is QR 74,219 Thousand compared to net profit amounting to QR 8,107 Thousand for the same period of the previous year.

Earnings per Share (EPS) amounted to QR 0.085 for the period ended September 30, 2020 to EPS amounted to QR 0.009 for the same period of the previous year.

Qatar General Insurance & Reinsurance Company Q.P.S.C. announces that its Board of Directors will meet on Tuesday 27 October 2020 to discuss the 3^rd Quarter Financial Statements of the year 2020 for the period ending September 30, 2020.

Qatar General Insurance & Reinsurance Company Q.P.S.C. disclosed its reviewed consolidated financial statements for the period ended on 30.06.2020. The statement shows that the net profit is QR 26,541 thousand compared to net profit amounting to QR 23,036 thousand for the same period of the previous year.

Earnings per Share (EPS) amounted to QR 0.030 for the period ended June 30, 2020 compared to EPS amounted to QR 0.026 for the same period of the previous year.

Qatar General Insurance & Reinsurance Company Q.P.S.C. announces that the Investors Relation Conference Call will be held on Wednesday 29^th July 2020 at 02:00 Pm to discuss the financial results for the period ending June 30, 2020.

 

Qatar General Insurance & Reinsurance Company Q.P.S.C. announces that its Board of Directors will meet on Tuesday 28 July 2020 to discuss the Semi-Annual Financial Statements for the period ending June 30, 2020.

 

Qatar General Insurance & Reinsurance Co. Q.P.S.C announces the postponement of the second meeting of its Ordinary General Assembly according to the instructions of Qatar Central Bank, the date of the new Ordinary General Assembly meeting will be announced at a later time.

Qatar General Insurance and Reinsurance Co. Q.P.S.C. announces its temporary Board of Directors’ approval of the resignation of Mr. Hassan Ahmed Hassan Al Efrangi from his position as a Group Chief Executive Officer and the appointment of Mr. Saeed Abu Gharbieh as the Acting Group CEO starting from today.

Qatar General Insurance & Reinsurance Co. Q.P.S.C announces the postponement of its Ordinary General Assembly Meeting due to the lack of a quorum. The second meeting will be held on Wednesday 01^st July 2020 at Company’s headquarter in area 4, Musheirib, Street 880, Building No.23 at 4:30 PM.

SHAREHOLDERS’ INVITATION TO ATTEND ORDINARY GENERAL ASSEMBLY MEETING

OF QATAR GENERAL INSURANCE AND REINSURANCE Co. Q.P.S.C

ON 28/06/2020

 

Pursuant to Company’s disclosure of postponing the date of annual general assembly on 26 March 2020. Qatar General Insurance & Reinsurance Company Q.P.S.C is pleased to invite its Shareholders to attend the Company’s Annual Ordinary General Assembly Meeting, to be held on Sunday, 28 June 2020 at Company’s headquarter in area 4, Musheirib, Street 880, Building No.23 at 4:30 PM. In case the required quorum was not met, the second meeting will be held on Wednesday, 01 July 2020 at the same venue and time as above.

Agenda of the Ordinary General Assembly:

1- Hearing, discussing and approving the Board of Director’s Report on the Company’s activities and its financial position for the financial year ended 31^st December 2019 and the Company’s future plan.

2- Hearing and approving the External Auditor’s Report for the financial year ended 31^st December 2019.

3- Discussing and approving the Company’s Balance Sheet, Profit & Loss accounts for the financial year ended 31^st December 2019 and the adjustments for the financial years ended 31^st December 2018 and 31^st December 2017.

4- Approving the Board of Director’s proposal not distribute dividends for the financial year ended 31^st December 2019.

5- Discussing and adopting the Company’s Corporate Governance Report for the year 2019.

6- Appointing the Company’s External Auditors for the financial year 2020 and approving their fees.

 

Hamad Mohammad Al-Mana

Chairman of the Temporary Board

Notes:

1. Shareholders entitled to attend the meeting are the shareholders listed as per Qatar Central Securities Depository Registrar upon the closure of trading in Qatar Stock Exchange at the same day of the General Assembly Meetings.
2. The published invitation announcement in local newspapers, Qatar Stock Exchange website and the Company’s website shall be deemed as the official legal announcement to all shareholders, with no need to send special invitations by courier as per the terms of the Commercial Companies Law no. (11) Of year (2015).
3. Shareholders are requested to bring their ID cards and proxies (or Delegation letters in case of Companies’ Representatives) one hour before the starting time of the meeting, to ensure timely registration.
4. Should the shareholder be not able to attend in person, he may authorize another Company Shareholder to attend, via a proxy (which can be found at the Company’s website and/or premises at Al-Asmakh Street).
5. It is not permissible to grant a proxy to a non-shareholder in the Company, or a member of the Board of Directors.
6. The number of the shares held by the attorney in this capacity shall not exceed (5%) of the capital of the Company.
7. Should the delegating shareholder be a natural person residing outside the state of Qatar, the proxy is to be ratified by the Qatari Embassy in that country.
8. Should the shareholder be a legal Corporate Entity (Company, Authority, Organization), a written, signed and stamped proxy by the shareholder is required, attached with an updated copy of the Company’s Commercial Registration.
9. Should the delegating shareholder be a Company established outside the state of Qatar, the proxy is to be executed by the Company’s representative, ratified by the Qatari Embassy in that country and attached with a copy of the Commercial Registration of the Company, also ratified by the Qatari Embassy in that country.

form