By: Eslam Salem
Doha – Mubasher: Qatari Investors Group’s shareholders agreed on Tuesday on amending the company’s statute to comply with the commercial companies law.
During their extraordinary general meeting (EGM) yesterday, shareholders also approved reducing the number of board members to five from seven, including three independent members with no stake in the company.
The EGM agreed to keep the article (3) in the statute without changes after removing the clause relating to withdrawing from the Qatar Stock Exchange (QSE) and transforming into a private joint stock company.
The company’s ordinary general meeting (OGM) earlier endorsed the board’s proposal to distribute cash dividends at 12.5% or QAR 1.25 ($0.34) for the fiscal year 2015.
Translated by: Elwy el-Manzalawy
