Masraf Al Rayan’s ordinary general assembly held in Doha yesterday approved the proposal of the Board of Directors (BoD) regarding appropriations and cash dividend of QR0.225 per share, representing 22.5% of the paid up capital for the fiscal year that ended in December 2019. The ordinary general assembly elected seven members to Masraf Al Rayan’s Board of Directors for the period 2020 to 2022. Four seats will be occupied by non-independent members while three seats are for independent members.
The ordinary general assembly held at the Sheraton approved the BoD report on the activities of Masraf Al Rayan, its financial position for the fiscal year 2019 and the future plans of the bank for 2020. It discussed and approved the financial statements presented by the BoD for the fiscal year that ended in December 2019. It also discussed and approved the corporate governance report for 2019.
from Gulf Times https://ift.tt/393gfnB
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