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QIIB is discussing raising sukuk

Qatar International Islamic Bank announced the invitation of shareholders to attend the second ordinary general assembly meeting, which will be held in the bank’s main building on Grand Hamad Street, with the possibility of shareholders’ participation via video communication electronically using the Zoom program, at exactly five thirty in the evening on Sunday, corresponding to May 7, In the event that the legal quorum is not reached, the second reserve meeting will be held on Wednesday, corresponding to May 10, at the same time and place, to discuss the agenda below: First- Considering the Board of Directors’ recommendation to raise the ceiling of the bank’s sukuk issuance program, which was previously approved by the Ordinary General Assembly on 3/14. / 2023, to become $2 billion instead of $1 billion. Provided that the issuance takes place in different sizes based on a study of the bank’s need and after the issuance of the necessary approvals for issuing these sukuk from the competent authorities, provided that the issued sukuk do not exceed the bank’s capital base and reserves. Second – Election of two additional members of the Board of Directors from among the shareholders to complete the current period, which ends on 3/13/2026, bringing the number of members of the Board of Directors to 11 members.

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The Eastern Herald’s Arab Desk validates the stories published under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

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