Doha Bank: The AGM and EGM Endorses Items on It's Agenda

Doha Bank announces the results of the AGM and EGM. The meeting was held on 25/02/2025 and the following resolution were approved Ordinary General Assembly of the Shareholders: 1. The AGM has unanimously endorsed the Board of Directors’ Corporate Governance Report for year 2024. 2. The AGM has unanimously endorsed the balance sheet and the profit & loss account for the financial year ended on 31/12/2024 and approved the Board of Directors’ recommendation to distribute cash dividends to shareholders for QR (0.10) per share 3. The AGM has unanimously approved to discharge the Board of Directors from the liability for the fiscal year ended 31/12/2024 and approved also the payment of the Chairman’s and BOD members’ stipulated remuneration for the year. 4. The AGM has unanimously endorsed the following policies: a. Board of Directors’ Remuneration Policy b. Performance Remuneration Policy c. Nomination policy, board members’ election & board committees formation procedures d. The succession planning policy. 5. The AGM has unanimously approved the appointment of "PricewaterhouseCoopers" (PWC) to audit and review the bank’s accounts for the financial year ending December 31, 2025, including the accounts of its overseas branches (excluding the bank’s branches in India), the accounts of Sharq Insurance Company, as well as the accounts of the QE Index Exchange Traded Fund (QETF). The appointment also covers periodic reports related to the requirements of Qatar Central Bank for the year 2025 and the Corporate Governance Code issued by the Board of Directors of the Qatar Financial Markets Authority under Resolution No. (5) of 2016, for the fee specified in PwC’s submitted proposal. Extra Ordinary General Assembly of the Shareholders: 1. The EGM has unanimously approved the proposed amendments to articles (16, 31, 65) of Bank’s Articles of Association. 2. The EGM has unanimously approved authorizing the Board Chairman and/or Vice Chairman and/or the Managing Director, individually, to obtain the necessary approvals from the competent authorities for the amended Articles of Association, incorporate any revisions requested by such authorities, and to sign and ratify the amended Articles of Association accordingly. .