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30/11/2017 08:22 AST
Al Khalij Commercial Bank (Al Khaliji) held its deferred ordinary and extraordinary general assembly meetings at the Marriot Marquis yesterday.
At the ordinary general assembly meeting, the shareholders discussed and adopted the board nomination and election policy as presented to the meeting.
The policy was developed to comply with the applicable corporate governance laws and regulations, based on which the next board elections will take place.
At the extraordinary general assembly meeting, the shareholders approved the proposed amendments to the bank's Articles of Association (AoA) as recommended by the board of directors to comply, amongst others, with certain requirements of the Circular (68) of 2015 on Governance of Banks and Financial Institutions issued by the Qatar Central Bank and the Corporate Governance Code of Companies and Legal Entities listed on the primary market issued by Board Resolution No. (5) of 2016 of Qatar Financial Markets Authority. The shareholders authorised the following persons to complete the necessary formalities in respect of the amended AoA: the chairman of the board, vice-chairman, and/or other board delegates subject to the necessary regulatory approvals.
The extraordinary general assembly also approved the board's proposal to release the establishment fees reserve of QR167mn and authorised the board of directors to utilise such reserve as it deems necessary and in the best interest of the bank, subject to the necessary regulatory approvals.
Gulf Times
25/01/2018
Qatar-based Al Khalij Commercial Bank (al khaliji) has posted a net profit of QR551 million ($150.4 million) for 2017, as against QR427 million in the previous year, marking an increase of 29 per cen
Trade Arabia
26/10/2017
Driven by "strong growth" of 7% in operating income, "effective cost management" leading to lower operating expenses and "continued prudent provisioning" on the credit and investment portfolios, Al K
Gulf Times
18/07/2017
Al Khaliji Bank announced its financial results for the first six months of 2017, reporting a net profit of QR319.8m compared to QR 320m for the same period in 2016. Earnings per share of QR0.89 wer
The Peninsula
| Ticker | Price | Change |
|---|---|---|
| BURGERIZZR | 12.50 | -0.50 (-3.85 |
| ALMUTAHED | 0.00 | 0.00 (0.00 |
| ALMAL | 0.00 | 0.00 (0.00 |
| ALAMAN | 0.00 | 0.00 (0.00 |
| MASSALEH | 0.00 | 0.00 (0.00 |
14/09/2024
RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <
Saudi Gazette
12/09/2024
Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces
Arab News
04/05/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
05/04/2018
Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating
Gulf Times
05/04/2018
Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
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