QLM AGM approves dividend distribution of QR0.22 per share

Tribune News Network Doha The annual general meeting (AGM) of QLM Life & Medical Insurance Company (QLM) on Monday approved cash dividend distribution of ...

Tribune News Network DohaThe annual general meeting (AGM) of QLM Life & Medical Insurance Company (QLM) on Monday approved cash dividend distribution of 22 percent of the share par value, amounting to 22 dirhams (QR0.22) for each share.The AGM also endorsed all items on its agenda including hearing and approving the directors’ report on the activities of the company, its financial position for 2021 and the future plan.Other items included hearing and approving the external auditor’s report for the financial statements of 2021, discussing and approving the company’s balance sheet and its profit and loss statement for 2021, discharging the members of the board of directors and approving their remuneration for 2021.It also included reviewing and approving the company’s corporate Governance Report for the year 2021, in addition to the Related Party Transaction Policy, reviewing and approving the remuneration policy for 2022 and appointing the external auditors for 2022 and determining their fees.In the absence of a quorum for the extraordinary general assembly meeting (EGM) and approval from QCB, the EGM has been postponed to Sunday, March 21, 2022.