National Leasing Holding announces the results of the AGM. The meeting was held on 16/02/2021 and the following resolution were approved
First: Hearing the Board of Directors’ report on the activity of the company and its financial position for the year ended 31 December 2020.:
The AGM heard the management report on the company activities and its financial position for the year ended 31.12.2020.
Second: Hearing of Sharia Board report on the activity of the company for the year ended 31 December 2020.
The AGM heard the heard of Sharia Board report on the activity of the company for the year ended 31 December 2020
Third: Hearing the report of Independent Auditors on the Company’s financial statements for the year ended 31 December 2020:
The AGM heard the auditors’ report, by Ernst & Young, on the company balance sheet and profit and loss account of the financial year ended 31.12.2020.
Fourth: Discussing and approving the Financial Statements of the company for the year ended 31 December 2020
The AGM approved company balance sheet and profit and loss account of the financial year ended 31.12.2020, .
Fifth: Approving the Board’s proposal to distribute a dividend of 2.5% out of the legal reserve of the nominal value per share at the rate of 0.025 QR:
The AGM agreed on the distribution of cash dividends on the value of QR (0.025) per share by 2.5%.
Sixth: Absolve the Boards of Directors Members for the year ended 31 December 2020:
The AGM absolved the BOD Members from responsibilities for transaction for the year ended 31.12.2020.
Seventh: Corporate Governance Annual Report for 2020:
The AGM heard the Corporate Governance Annual Report for 2020 and approved it.
Eighth: Appointment of External Auditors for the year 2021:
The AGM decided to appoint Ernst & Young as External Auditors for the year.
Ninth: Election of New Board of Directors:
The AGM elected a new Board of Directors consisting of 6 members for the period of year 2021 to 2023. 6 Nominees applied for the nomination members are as follows :
SH. Falah Bin Jassim Bin Jabr Al Thani – International Agencies Company
Mr. Salem Bin Butti Al- Nuaimi – Qatar National Cement Company
SH. Sheikh Abdullah Bin Ahmad Bin Abdullah Al-Thani – AL Khaleej Insurance and Rein
SH. Rashid Bin Abdul Rahman Bin Mohammed Al Thani – Doha Bank
SH. Hamad Bin Falah Bin Jassim Al Thani – Al Majal International Trad. & Cont. Company
Mr. Mohammed Abdulla Al Mustafawi – AL Hashemi Holding
Immediately after the general assembly the newly constituted, board members met and elected the following members with specific responsibilities:
1. SH. Falah Bin Jassim Bin Jabr Al Thani . Chairman of the Board
2. Mr. Salem Bin Butti Al- Nuaimi . Vice Chairman
All the attended shareholders approved the conditions of the AGM and its resolutions.
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