Commercial Bank held its Ordinary General Assembly Meeting last night and approved all items on the agenda including the Board of Director’s recommendation to distribute a cash dividend of QR0.25 per share, equivalent to 25% of the nominal share value.
Shareholders also elected the following Board members for a period of three years: Sheikh Abdulla bin Ali bin Jabor al-Thani, Hussain Ibrahim Alfardan (representing Alfardan Investment), Omar Hussain Alfardan (representing Al Gassar Capital), Abdulrahman bin Hamad al-Attiyah, Sheikh Jabor bin Abdulla bin Ali al-Thani (representing Vista Trading), Ibrahim al-Osman Fakhro, Salem Khalaf al-Mannai (representing Qatar Insurance Company), Mohamed Ismail Mandani al-Emadi, Bader Omar al-Dafa, (Independent), Tariq Ahmad al-Malki al-Jehani (Independent) and Mohamed Yaser al-Mosallam (Independent).
Following the Ordinary General Assembly Meeting, a meeting of the Board of Directors was held and Sheikh Abdulla bin Ali bin Jabor al-Thani was elected as chairman, Hussain Ibrahim Alfardan as vice-chairman and Omar Hussain Alfardan as managing director of Commercial Bank.