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

QNB announces the results of the AGM and EGM. The meeting was held on 23/02/2025 and the following resolution were approved Agenda of the Extraordinary General Assembly Approved the amendment of Articles # 20, 21, 23, 26, 28, 38 and 50 (b) of Articles of Association of QNB in accordance with the Corporate Governance Instructions to Banks issued by Qatar Central Bank Circular no. 25/2022 and its further amendments. Agenda of the Ordinary General Assembly 1. Heard the statement of His Excellency the Chairman and the report of the Board of Directors on the Company’s activities, financial position for the year ended 31 December 2024 and the business plan for 2025. 2. Approved the report of the External Auditors on the Bank’s balance sheet and on the accounts submitted by the Board of Directors. 3. Approved the balance sheet and profit and loss for the year ended 31 December 2024. 4. Approved the proposal of the Board of Directors to distribute cash dividends to the shareholders for the second half of the year ended 31 December 2024 at the rate of 37% of the nominal share value, i.e. QR0.37 for each share. The total dividend distribution for the year ended 31 December 2024 amounts to 70% of the nominal share value (QR0.70 per share). 5. Released from liability the members of the Board of Directors and approved their remuneration for the financial year ended 31 December 2024. 6. Elected the board members in accordance with QNB’s amended Articles of Association. QNB Group’s Board of Directors for the term 2025 to 2027 are as follows: Members representing Qatar Investment Authority (QIA): 1. H.E. Mr. Ali Ahmed Al Kuwari 2. H.E. Sheikh Fahad Bin Faisal Bin Thani Al-Thani 3. H.E. Sheikh Hamad Bin Jabor Bin Jassim Al-Thani 4. H.E. Mohammed Saif Al-Sowaidi Members representing the Private Sector: 1. Sheikh Suhaim Bin Khalid bin Hamad Al Thani 2. Sheikha Hanadi Bint Nasser Bin Khalid Al Thani 3. H.E. Mr. Fahad Mohammed Fahad Buzwair 4. Mr. Bader Abdulla Darwish Fakhroo Independent board members: 1. Dr. Abdulrahman Mohammed Jolo 2. Miss. Hemyan Mansour Rashid Al-Khater 3. Mr. Abdulaziz Mohammed Abdulrahman Al-Mannai 7. Approved the Bank’s Corporate Governance Report for the year ended 31 December 2024. 8. Approved the below: (i) Confirmed the previous approval of the General Assembly dated 28 February 1999 authorising the Board of Directors of the Bank to, amongst other things, issue bonds, bills of exchange, certificate of deposits, or any other debt securities or medium or long term borrowing (whether in Qatari Riyals or other currencies) as determined by the Board of Directors of the Bank. (ii) Ratified the decision of the Board of Directors of the Bank at its meeting held on 7 May 2024 (Decision number 024/3/60/275/2970/م أ) to approve the limit of the Bank’s Medium Term Note Programme (the “MTN Programme”) (issued through its Cayman Island subsidiary (QNB Finance Ltd) and guaranteed by the Bank) up to USD 30 billion. (iii) Authorised the Board of Directors to approve any future debt issuance programmes (including but not limited to sukuks) of any limit it deems appropriate from time to time, whether issued directly or through a subsidiary of the Bank (“New Programmes”) (the MTN Programme and any New Programmes being referred to as the “Programmes”), subject to obtaining regulatory approvals, and the Bank may guarantee the obligations under the Programmes. (iv) Authorised the Board of Directors to take any and all actions necessary for and on behalf of the Bank in respect of any of the Programmes, its establishment (as re.