Gulf Times - Gulf Times Business
Masraf Al Rayan holds ordinary, extraordinary general meetings
Masraf Al Rayan held the ordinary and extraordinary general meetings of shareholders yesterday.
At the ordinary general meeting, the shareholders discussed and adopted the amendments to the approved board nomination and election policy as presented to the meeting. The policy was amended to comply with the applicable corporate governance laws and regulations, particularly Qatar Central Bank’s Circular No (25) of 2022 on governance of banks, based on which the next board elections will take place.
At the extraordinary general meeting, the shareholders approved the proposed amendments to the Articles of Association of the Bank (“AoA”) to comply with the requirements of Qatar Central Bank’s Circular No (25) of 2022 on governance of banks.
The shareholders authorised the chairman of the board, vice chairman, and/ or other board delegate to complete the necessary formalities in respect of the amended AoA subject to necessary regulatory approvals.
The meetings were held electronically and were attended by MAR shareholders, regulators, Board members, management and staff.
QNB Group continues to promote the national tourism industry and is proud to be part of the successful launch of operations of the ‘Lusail Winter Wonderland’, the latest entertainment destination in Qatar.
In implementation of its vision to support Qatar’s tourism sector, QNB as one of the main founders of Lusail Winter Wonderland, has played a major role in financing a part of the landmark project, while it continues to build a market-leading position, develop its brand internationally and strengthen its presence as the bank of choice.
As a vital pillar of its strategy, tourism - a key driver of socioeconomic growth in the country - has always been at the heart of the Group’s vision towards growth and development.
The world-class project is led by Estithmar Holding, IMG, in collaboration with Qatar Tourism Authority and Qatari Diar.
Al Maha’s key attraction, Lusail Winter Wonderland, is managed by IMG, a global leader in events and media and the producer and operator of the London’s famous Hyde Park Winter Wonderland.
Lusail Winter Wonder Land is a 93,000sq m theme park that will have something for everyone. The park will host 50 amusement rides including 10 thrill rides with a 395-roller coaster, 25 family rides with a giant 150ft Ferris wheel, and 15 children’s rides.
QNB Group actively participates in promoting local communities and social inclusion using the positive values of sport, culture and tourism to connect generations and strengthen Qatari deeply rooted customs, traditions, and fundamental principles.
Heba Ali al-Tamimi, general manager, QNB Group Communications, said: “We are proud to be one of the founding partners of the Lusail Winter Wonderland project in line with the Group’s strategy to support various sectors in the country, especially the tourism sector, in a way to put Qatar on the global tourism map.”
“The bank aims to promote Qatari tourism and benefit from the assets that Qatar possesses, in addition to the infrastructure that the country has successfully put in place, as part of its journey of preparations to host the World Cup in Qatar,” she added.
Al-Tamimi also highlighted QNB’s role in supporting and developing the national tourism sector and investment opportunities, especially for entrepreneurs and Qatari owners of small and medium enterprises (SMEs).