H.E. Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani, Chairman of Doha Bank, the leading private commercial bank in Qatar, announced that the Ordinary General Assembly of the Shareholders in its meeting held on March 03, 2014, approved the balance sheet and profit & loss account for the financial year ended on December 31, 2013 and also approved the Board’s recommendation to distribute cash dividends of QR 4.5 per share to the shareholders. During the same meeting, H.E. the Chairman and Board members were discharged from the responsibility for the year 2013 and their remunerations were determined. Ernst & Young was appointed to audit Doha Bank’s accounts for the financial year 2014.
His Excellency also stated that the Assembly approved the deals conducted with related companies that were submitted to the Assembly and approved the acquisition of one or more branches of a foreign bank operating in India (to utilize the license obtained by Doha bank from the competent Indian authorities to practice banking activities there) and authorizing the Board of Directors and those authorized by the Board to negotiate the terms of the Sale and Purchase Agreement and to take necessary actions to execute this resolution and sign the required contracts and documents after obtaining the approval of the competent regulatory authorities.
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Ms. Tasneem Raza
Thursday, March 6- 2014 @ 16:55 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.