Posted on May 10, 2016

H.E. Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani, Chairman of Doha Bank, announced that the Ordinary General Assembly of the Shareholders in its meeting held on 10/5/2016 has unanimously agreed for Doha Bank to:

  1. Issue Certificate of Deposits (CD) program whose main components would be as follows:
  • The Bank will issue Certificate of Deposits (CD) either through an SPV guaranteed by the Bank or directly by the Bank as part of its product suite.
  • The program size would be up to USD 3.0 Billion.
  • The total minimum amount per certificate will be USD 1.0 Million or equivalent and maximum USD 1.0 Billion or equivalent.
  • The tenor and interest rates would be determined as per the market conditions.
  • The CDs can be issued to local as well as international investors.
  • The CDs can be issued in QAR or in various major currencies.
  • To authorize the Board of Directors of Doha Bank and those authorized by the Board to take all necessary actions to execute these issuances within the program after obtaining the approval of Qatar Central Bank, the Ministry of Economy and Commerce and any other competent authorities.
  • Delegation from Ordinary General Assembly of shareholders to the Board would be valid for 3 years.

The resolutions of the Ordinary [qatarisbooming.com].jpg

  1. Issue Commercial Papers (CP) Program whose main components would be as follows:
  • The Bank can issue Commercial Papers (CP) either by an SPV guaranteed by Doha bank or directly by the Bank through a Euro Commercial Papers program.
  • The program size would be USD 2.0 Billion; where minimum amount per issuance would be USD 50.0 Million or equivalent and maximum would be USD 1.0 Billion or equivalent.
  • The CPs can be issued in QAR or in various major currencies.
  • The maximum tenor would be up to 1 year.
  • To authorize the Board of Directors of Doha Bank and those authorized by the Board to take all necessary actions to execute these issuances within the program after obtaining the approval of Qatar Central Bank, the Ministry of Economy and Commerce and any other competent authorities.
  • Delegation from Ordinary General Assembly of shareholders to the Board would be valid for 3 years.

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 previous period 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.

(Click to read the Chairman of the board's speech and the Agenda of the general meeting)

Fahad Bin Mohammad Bin Jabor Al-Thani

Chairman

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