Qatar General Insurance & Reinsurance Company discloses the decision of the court of cassation

 

Qatar General Insurance & Reinsurance Company discloses the decision issued by the Cassation Court, Civil Cassation Appeal No. (428 year 2021 – 2nd Circuit)  rejecting the labor Complaint registered by Company’s Ex-Chief Executive Officer Mr. Ghazi Kamel Abdelrahman Abu Nahl, and upholding the ruling of Court of Appeal – (Labor and Plenary Appeal) No. 26 year 2021 and Decision of  Committees for the Settlement of Labor Disputes (Second Committee) No. 11208 / 2020 in rejecting the Labor Complaint registered against the Company.

 

 

the decision of the court of cassation

 

Resignation of a Board Member

Qatar General Insurance and Reinsurance Company discloses the resignation of Mr. Faleh Mohammed H A Al-Nasr from the membership of the Company’s Board of Directors for  personal reasons. The Company’s Board of Directors and the Executive Management express their gratitude and appreciation to Mr. Faleh Mohammed H A Al-Nasr for all his valuable efforts and contributions during his membership in the Company’s Board of Directors.

 

Qatar General Insurance & Reinsurance Company announces the date of the Ordinary General Assembly Meeting for the year 2020

Qatar General Insurance & Reinsurance Company announces the date of the Ordinary General Assembly Meeting for the year 2020

 

Pursuant to Qatar General Insurance & Reinsurance Company disclosure on 29 April 2021 on the postponement date of the General Assembly Meeting for the year 2020, Qatar General Insurance & Reinsurance Company is pleased to invite its shareholders to attend the company’s Ordinary General Assembly Meeting for the year 2020, virtually (through “Zoom” application) on Tuesday, 02 November 2021 at 06:30 PM. In case the required quorum is not met, the second meeting will be held on Sunday, 07 November 2021 at the same time.

Registration to the General Assembly Meeting for year 2020 in person (either self or by proxy) at Company’s headquarter in area 4, Musheirib, Street 880, Building No. 23, starting from 04:30 PM till 06:00 PM.

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 31st December 2020 and the Company’s future plan.

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

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

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

5- Discharging the Members of the Board from liability for the financial year ended 31st 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.

 

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 Meeting.
  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 found at the Company’s website and/or premises at Al-Asmakh Street).
  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. The published invitation announcement in local newspaper, 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).
  10. The provisions of Qatar Central Bank Law No. (13) of 2012 and Qatar Central Bank Circular No. (1) of 2016 regarding the ownership and voting limits and restrictions in financial institutions under the supervision and regulations of Qatar Central Bank and related instructions will be adhered to in the counting of the voting percentages for General Assembly of 2020.

 

Qatar General Insurance & Reinsurance Company announces the results of its Ordinary General Assembly Meeting for the year 2019

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.

Qatar General Insurance & Reinsurance : Disclose the Semi-annual financial statement of 2021

Qatar General Insurance & Reinsurance discloses the interim financial statement for the six-month period ending 30th June , 2021 . The financial statements revealed a Net Profit of QR 65,622,000 in comparison to Net Profit QR 26,541,000 for the same period of the previous year.

The Earnings per share(EPS) amounted to QR 0.075 as of 30th June , 2021 versus Earnings per share(EPS) QR 0.030 for the same period in 2020.

*Net Profit should not include minority rights (if any)

Qatar General Insurance and Reinsurance company Q.P.S.C. discloses its Financial Statements for the three-month period ended March 31, 2021

Qatar General Insurance & Reinsurance Company disclosed the interim financial statements for the three-month period ended March 31, 2021. The financial statements revealed a net profit of QR 46,892 thousand in comparison to a net profit of QR 11,230thousand for the same period of the previous year.

The Earnings per Share (EPS) amounted to QR 0.054 for the three-month period ended March 31, 2021, versus EPS per share QR 0.013 of the same period in 2020.

Disclosure of the date of the Board of Directors’ meeting to discuss the first Quarter for the Financial Statements of the year 2021 for the period ending March 31st, 2021

Pursuant to Qatar General Insurance & Reinsurance Company disclosure on 29 April 2021 to postpone the date of the Board of Directors’ meeting to discuss the first Quarter Financial Statements of the year 2021. The Board of Directors meeting will be held on Tuesday 11 May 2021 at 9:00 PM to discuss the first Quarter Financial Statements of the year 2021.

Qatar General Insurance & Reinsurance Co. Q.P.S.C. Postpone the date of the Board of Directors’ meeting to discuss the first Quarter for the Financial Statements of the year 2021

Qatar General Insurance and Reinsurance Company announces the postponement date of the Board of Directors’ meeting to discuss the first Quarter Financial Statements of the year 2021, which was scheduled to take place on April 29, 2021. The date of the new meeting will be announced at a later time.

Qatar General Insurance & Reinsurance Company discloses the appointment of a new Board of Directors for the period of (2021 – 2023)

Qatar General Insurance & Reinsurance discloses the appointment of new Board of Directors for the period of (2021 – 2023), which has been appointed by acclamation in the General Assembly Meeting for the year 2019 held on April 25, 2021. The new Board consists of the following members:

  1. Middle East Business Development represented by Shiekh Khalifa Jassim M J Al-Thani – Non-Independent Candidate
  2. Al Mana Capital Real Estate represented by Mr. Nawaf Ibrahim A Al-Mana – Non-Independent Candidate
  3. Al Mana Capital Holding represented by Mr. Abdulaziz Mohamed H A Al-Mana – Non-Independent Candidate
  4. Shiekh Ali Jassim M J Al-Thani – Non-Independent Candidate
  5. Mr. Nasser Sulaiman H. M. Alhaidar – Non-Independent Candidate
  6. Shiekh Meshaal Fahad A M Al-Thani – Non-Independent Candidate
  7. Mr. Faleh Mohammed H A Al-Nasr – Independent Candidate

8.Mr. Mohd Ahmad M A Alobaidly – Independent Candidate

  1. Mr. Abdulla Ahmad A A Al-Jehani – Independent Candidate

As for the rest of General Assembly agenda items for year 2019 and per the request of Company’s External Auditor and Ministry of Commerce & Industry, the Company will announce the final voting on each agenda items once reviewed and approved by the External Auditor and the Ministry.

Qatar General Insurance & Reinsurance Company Q.P.S.C announces the postponement of its Ordinary General Assembly Meeting for the year 2020 to 29 April 2021

Qatar General Insurance & Reinsurance Co. announces the postponement of its Ordinary General Assembly Meeting for the year 2020 due to the lack of a quorum. The second meeting will be held virtually (through “Zoom” application) on Thursday 29 April 2021 at 09:30 PM.

Registration to the Second General Assembly Meeting for 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 and Reinsurance Company discloses the names of the nominees for the Board of Directors membership for the period of (2021 – 2023)

Qatar General Insurance & Reinsurance Company announces the names of Qatar Central Bank Approved Nominees for Board of Directors membership for the period (2021-2023).

  1. Middle East Business Development represented by Shiekh Khalifa Jassim M J Al-Thani – Non-Independent Candidate
  2. Al Mana Capital Real Estate represented by Mr. Nawaf Ibrahim A Al-Mana – Non-Independent Candidate
  3. Al Mana Capital Holding represented by Mr. Abdulaziz Mohamed H A Al-Mana – Non-Independent Candidate
  4. Shiekh Ali Jassim M J Al-Thani – Non-Independent Candidate
  5. Mr. Nasser Sulaiman H. M. Alhaidar – Non-Independent Candidate
  6. Shiekh Meshaal Fahad A M Al-Thani – Non-Independent Candidate
  7. Mr. Faleh Mohammed H A Al-Nasr – Independent Candidate

8.Mr. Mohd Ahmad M A Alobaidly – Independent Candidate

  1. Mr. Ali Mohd I M Al-Derbasti – Independent Candidate
  2. Mr. Abdulla Ahmad A A Al-Jehani – Independent Candidate

Qatar General Insurance & Reinsurance Co. Q.P.S.C. amends the date of the General Assembly Meetings for the year 2019 and 2020

Pursuant to Qatar General Insurance & Reinsurance Company disclosure on the amendment of  the date of the General Assembly Meetings for the year 2019 and 2020 on 30 March 2021, and as per Qatar Central Bank instructions, 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 Sunday, 25 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 Thursday 29 April 2021 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 Company’s announces an update on General Assembly Meetings for year 2019 and year 2020

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