The Resolutions of the General Assembly Meeting of the Shareholders

• Doha Bank to increase capital by 20% to QR 3,100,467,024

Dubai,UAE,March 07, 2017: H.E. Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani, Chairman of Doha Bank, announced that the EGM has agreed in its meeting held on 06 March 2017 to increase the bank’s capital from QR 2,583,722,520 to up to QR 3,100,467,024 (representing an increase of 20% from the current paid-up share capital) by way of offering 51,674,450 new ordinary shares for subscription to Doha Bank’s eligible shareholders who are registered in the shareholders’ register with Qatar Central Securities Depository (QCSD) at the close of trading on Wednesday 15th of March 2017 and the holders of subscription rights, at a price of QR (25) per share representing a premium of QR (15) in addition to a nominal value of QR (10) per share and to grant the Board of Directors of Doha Bank and those authorized by the Board full authority to execute this issuance and to determine the time and the related terms and conditions, deal with unsubscribed shares and any other issue that may arise during the subscription process, after obtaining the approval of QFMA, the Ministry of Economy and Commerce and any other related competent authority.

The EGM agreed to waive the priority rights of eligible shareholders to third parties who would be the holders of those rights as a result of buying the subscription rights from the shareholders as per QFMA rules and commercial companies by law No. (11) of year 2015 and to waive priority rights of the eligible shareholder who does not subscribe during the specified subscription period and to offer the unsubscribed shares by eligible shareholders and the holders of subscription rights for public subscription in accordance with QFMA and any other applicable rules/ regulations.

EGM also agreed to list the Rights Issue at Qatar Exchange in relation to Bank’s raised capital as per QFMA and any other applicable rules/regulations and authorized the Board to deal with fractional shares that would arise from subscription and to amend the Article No. (6) of the Articles of Association of the Bank to reflect the impact of the aforementioned capital increase and Article No. (23) of the Articles of Association of the Bank as follows:

"The company's board of directors consists of (9) nine members. The Ordinary General Assembly elects (7) seven members by secret ballot and (2) two members are appointed as independent members, according to the law and the instructions of Qatar Central Bank".

H.E. Sh. Fahad also stated that the Ordinary General Assembly of the Shareholders in its meeting held on the same date has endorsed the Board of Directors’ corporate Governance report for year 2016 and the balance sheet and profit & loss account for the financial year ended on 31/12/2016 and also endorsed the Board's recommendation to distribute cash dividends of QR (3) per share to the shareholders. During the same meeting, H.E. the Chairman and Board members were discharged from the responsibility for the year 2016 and their remunerations were determined. His Excellency also stated that the AGM has also approved by uncontested elections the nomination of the below mentioned candidates to the membership of the Board of Directors for the next three years term 2017, 2018 and 2019:

• Sh. Abdullah Mohammed Jabor Al-Thani.
• Sh. Abdul Rahman bin Mohammed bin Jabor Al Thani
• Fahad Mohammed Jabor Holding Co.

Represented by Sh. Fahad bin Mohammed bin Jabor Al Thani

• Jasim and Falah Trading & Contracting Co. 

Represented by Sh. Falah bin Jasim bin Jabor Al Thani

• Mr. Ahmed Abdul Rahman Yousif  Obaidan.
• Mr.  Hamad Mohammed  Hamad Abdullah Al-Mana
• Mr. Ahmed Abdulla Ahmed Al Khal

AGM also agreed to appoint “KPMG” to audit Doha Bank’s accounts for the year 2017 which include auditing the Islamic activities, foreign branches accounts, Doha Bank Assurance company’s accounts, investment fund’s accounts and periodical reports as per QCB requirements during the same year.

H.E. Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani extended his sincere thanks and gratitude to the Board members and Executive Management for their efforts and achievements during the year 2015 and to the shareholders, representatives of the supervisory authorities in the State of Qatar and the auditors and wished them all the success and prosperity.