QIIB held its second ordinary general assembly meeting yesterday at its headquarters on Grand Hamad Street. The meeting approved the board of directors’ recommendation to extend last general assembly's approval of $2bn (for sukuk) based on a study for each issuance and different bank needs after getting all necessary approvals from supervisory authorities. The sukuk should not exceed the bank’s capital and reserves. The meeting approved the election of two additional members to the bank’s board of directors with the total becoming 11. The new members are: Al-Tayebin Trading and Services Company represented by Dr Ayedh Dabsan al-Qahtani and Fasil for Business and Real Estate Company (reserve member).