Masraf Al Rayan shareholders endorse OGM, EGM agenda items
MASRAF Al Rayan held the Ordinary General Meeting (OGM) and the Extraordinary General Meeting (EGM) of shareholders on Wednesday.
At the OGM, the shareholders discussed and adopted the amendments to the approved board nomination and election policy as presented at 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 the governance of banks, based on which the next board elections will take place.
At the EGM, 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 the governance of banks.
The shareholders authorised the chairman of the board, vice chairman, and/or another board delegate to complete the necessary formalities in respect of the amended AoA subject to necessary regulatory approvals.
The AGM and EGM were held electronically through the Zoom platform and were attended by Masraf Al Rayan shareholders, regulators, board members, management, and staff.