News / Press Releases

Nomination of the Board of Directors of Ahli Bank QPSC

Doha 22 November 2022 - The Board of Directors of Ahlibank is pleased to announce that nomination for election of the Board of Directors is now open for the election of seven board members for 3 years (2023-2025), as follows:

• Four non-independent Members from the Bank’s shareholders who hold shares representing not less than 1% of the Bank’s share capital; and
• Three independent members who do not own any shares of the Bank’s share capital, in accordance with the definition of the independent members in the governance rules issued by Qatar Central Bank in its circular no. (25) of 2022.

The Nomination period will be from 9:00 AM Tuesday 22/11/2022 until 1:00 PM Thursday 01/12/2022.

Nomination Conditions

• The candidate should not be less than 21 years old and having full capacity;
• The candidate should not have been convicted of a criminal offence or a crime related to honour or honesty or any of the crimes referred to in Articles (334) and (335) of the Commercial Companies Law No. (11) of 2015 as amended or Article (40) of Law No. (8) of 2012 regarding the Qatar Financial Markets Authority, or be prohibited from practicing any work in the entities subject to the supervision of the Qatar Financial Markets Authority under Article 35 paragraph 12 of the same law or has been declared bankrupt unless he has been rehabilitated;
• Shareholders should hold shares representing not less than 1% of the Bank’s share capital which shall be allocated for freezing as security until the end of the term of his membership;
• Is not in breach of, Article (98) of the Commercial Companies Law No. (11) of 2015 and its amendments, the Governance Instructions to Banks, and Article (7) of the Corporate Governance Code for Companies and Legal Entities Listed on the Main Market; and
• The candidate must satisfy the conditions in the nomination applications, companies’ law and Governance instructions.

Nominations are subject to the approval of the regulatory authorities.

Candidates who satisfy the nomination requirement are required to complete and sign (and stamp for legal entities) the applicable nomination application which can be obtained by clicking https://www.ahlibank.com.qa/en/about-us/investor-relations/bod-nomination or from the Board Secretary Office at Ahlibank’s head office located at Suhaim Bin Hamad St., Al Sadd, 3rd Floor.

Nomination applications will be received starting from 9:00 AM Tuesday 22/11/2022 until 1:00 PM Thursday 01/12/2022. Accordingly, you are requested to submit the duly signed nomination application relevant to the candidate together with all required supporting documents to the Board Secretary during working days (from 9:00 AM till 1:00 PM). In case of any inquiries or assistance, kindly contact the Board Secretary during the abovementioned timings.

Notes


• The original signed copy of the nomination application together with any other document or undertaking required to be signed by the candidate and/or the nominating entity together with all other required documents shall be submitted to the Bank’s Board Secretary.
• Nomination applications which do not meet all the above requirements, are submitted without the required supporting documentation, or which are submitted outside the nomination period, will not be considered.
• Elections will take place during the Ordinary General Assembly Meeting which will be held on 28/02/2023 as a principal date and on 06/03/2023 as the replacement date, and such dates will be later announced 21 days prior to the meeting in one Arabic and another English newspaper, on Qatar Exchange website and on the Bank’s website.

For any enquiry, please contact the General Counsel – Board Secretary Office on 4423 2321

Faisal Bin Abdulaziz Bin Jassim Al Thani
Chairman