QLM Life & Medical Insurance Company QPSC: The AGM and EGM Endorses Items on It's Agenda

QLM Life & Medical Insurance Company QPSC announces the results of the AGM and EGM. The meeting was held on 26/03/2026 and the following resolution were approved

Ordinary General Assembly Agenda:

Approval of the Board of Directors’ report on the Company’s activities and financial statements for the financial year ended 31/12/2025, along with the Company’s future plans.
Approval of the External Auditors’ report on the Company’s financial statements for the year 2025.
Approval of the Company’s balance sheet, profit and loss account, major transactions, and related party transactions for the year 2025.
Approval of the proposed dividend distribution of 10% of the nominal share value, equivalent to QAR 0.10 per share.
Discharge of the Board of Directors from liability and approval of their remuneration.
Approval of the Corporate Governance Report for the year 2025.
Approval of the Remuneration Policy as well as the Related Party Transactions Policy for the year 2026.
Reappointment of KPMG as the Company’s external auditors for the financial year 2026.
Election of the Company’s Board of Directors (Independent Category) and approval of the following members as Board Directors for a term of three years:
First: Approval of the list of elected Independent Members:

Sheikh Khalid Saud Khalid Hamad Al Thani
Mr. Mohammed Abdulaziz Saad Al Saad Al Kuwari
Mr. Essa Mohammed Essa Al Hassan Al Muhannadi
Mr. Hamad Nasser Abdullah Mohammed Al Khalifa was appointed as a reserve member.

Second: Approval of the list of Non-Independent Members elected by acclamation:

Qatar Insurance Company, represented by:
Sheikh Tamim Hamad Jassim Jabr Al Thani
Mr. Salem Khalaf Ahmed Al Salim Al Manai
Brooq Trading Company, represented by Mr. Jassim Mohammed Ali Al Kaabi
Al Mirqab Capital, represented by Mr. Ahmed Mohammed Ahmed Al Manai
General Retirement and Social Insurance Authority, represented by Mr. Hamad Mohammed Hamad Abdan Al Marri
Extraordinary General Assembly Agenda:

Approval of the amendment of the Company’s Articles of Association to comply with the Corporate Governance Code for Listed Companies issued by the Board of Directors of the Qatar Financial Markets Authority pursuant to Resolution No. (5) of 2025, and all relevant laws and regulations.

The Chairman of the Board, or his duty, has been authorized to sign, individually, all necessary documents to effect the aforementioned amendments to the Company’s Articles of Association.

The Company further announces that the approved dividend amounts will be transferred to Edaa authority to undertake the distribution to the entitled shareholders.

Shareholders are kindly requested to contact Edaa for any inquiries related to dividend distribution.

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