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QIIB is discussing raising sukuk

April 16, 2023

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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Arab Desk

Arab Desk

The Arab Desk leads The Eastern Herald's reporting on the Middle East and North Africa. The desk has covered the Gaza-Israel war since October 2023, the Iran-Israel war of 2025-2026, the fall of the Assad government in Syria, Hezbollah's political and military shifts in Lebanon, the war in Yemen, and the diplomatic realignment of the Gulf states under the Abraham Accords and the Saudi-Iranian rapprochement.

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