Qatar International Islamic Bank: The AGM Endorses Items on It's Agenda

Qatar International Islamic Bank announces the results of the AGM. The meeting was held on 26/03/2026 and the following resolution were approved

1. The AGM of Shareholders approved the Board of Directors’ report on the Bank’s activities and financial position for the fiscal year ended 31/12/2025, as well as the Bank’s future plans.

2. The report of the Bank’s Sharia Supervisory Board for the fiscal year 2025 was presented by the Chairman of the Sharia Supervisory Board.

3. The external auditor’s report for the fiscal year 2025 was approved.

4. The AGM of Shareholders approved the Governance Report for the fiscal year 2025 and the auditor’s report on the Bank’s governance for 2025.

5. The Bank’s financial statements, profit and loss for the fiscal year ended 31/12/2025 were approved.

6. The AGM absolved the members of the Board of Directors from all liability for the fiscal year ended 31/12/2025.

7. The AGM of Shareholders approved the Board of Directors’ recommendation to distribute cash dividends for the full year 2025 at 53% of the Bank’s capital (53 dirhams per share). From this, the semi-annual dividends already paid amounting to 24% (24 dirhams per share) will be deducted, and the remaining 29% (29 dirhams per share) will be distributed to shareholders.

8. The financial remuneration for the members of the Board of Directors for the fiscal year 2025 was approved by the General Assembly of Shareholders after presenting the policy on remuneration, allowances, and incentives for the Board.

9. The General Assembly of Shareholders approved the Board of Directors’ recommendation to renew the appointment of the Sharia Supervisory Board for the next three years, authorizing the Board of Directors to determine their fees and remuneration in the appointment letter for the three-year term.

10. The AGM of Shareholders approved by acclamation the appointment of 11 members of the Board of Directors for the upcoming term 2026–2028, as follows:

a. Medicare Group, represented by His Excellency Sheikh Khalid Thani Abdullah Al Thani

b. Bright Side for Trading Company is represented by His Excellency Sheikh Abdullah Thani Abdullah Al Thani .

c. Inma Holding Company is represented by Mr. Rashid Nasser R S Al Kaabi

d. Qatar Islamic Insurance Group is represented by His Excellency Sheikh Turki Khalid Thani Al Thani .

e. Al Kara Trading Company, represented by His Excellency Sheikh Thani Abdullah Thani Al Thani.

f. Al- Nayra for Investment Company, represented by His Excellency Sheikh Abdullah Khalid Thani Al Thani.

g. Fasyl for Business and Real Estate Company, represented by Dr. Ayed Dabsan E A Al-Qahtani

h. Danat Al-Safa Investment Company is represented by Dr. Jaafar Ali Al-Sarraf.

i. Mr. Mubarak Abdullah Mohammed Al-Sulaiti – Independent candidate

j. Mr. Shaheen Jassim Hamad Al-Sulaiti – Independent candidate

k. Mr. Ezzat Mohammed Rashid Al-Rashid – Independent candidate

11. The AGM of Shareholders approved the renewal of the existing Sukuk issuance program amounting to USD 2 billion, authorizing the Board of Directors to determine the size, terms, and currency of each issuance based on the Bank’s needs and after obtaining the necessary regulatory approvals.

12. The AGM of Shareholders approved the recommendation to issue new capital Sukuk not exceeding USD 500 million, eligible for inclusion in Tier 1 capital, in accordance with supervisory requirements, authorizing the Board of Directors to determine the size, terms, and currency of the issuance after approval by the Qatar Central Bank.

13. The AGM of Shareholders approved the establishment of a new Sukuk program in Qatari Riyals not exceeding QAR 2 billion, in accordance with supervisory requirements, authorizing the Board of Directors to determine the size and terms of each issuance after approval by the Qatar Central Bank.

14. The AGM of Shareholders approved the appointment of KPMG as external auditors for the fiscal year 2026 and approved their fees.

Following the conclusion of the General Assembly meeting of shareholders, a meeting of the newly elected Board of Directors was held. During this meeting, His Excellency Sheikh Khalid Thani Abdullah Al Thani was elected as Chairman of the Board of Directors and His Excellency Sheikh Abdullah Thani Abdullah Al Thani Vice Chairman and Managing Director of the Board of Directors.

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