Qatar Insurance Board to Convene January 22

Doha, January 3 (QNA) - Qatar Insurance Company (QIB) Board of Directors will convene January 22 to discuss its 2012 year-end financial results, a Qatar Exchange notification said Thursday. The QIB board will also discuss the company auditor's reports and recommend the share dividend distribution. The Qatari bourse also said the Qatar Meat and Livestock Trading Company (Mawashi) will hold its Extra-Ordinary General Assembly Meeting (EGM) January 20th at the Diplomatic Club, starting 6pm. If the required quorum is not present, another meeting will be held January 27th at the same time and venue. The EGM will mull amendment of Article No. (2) of Memorandum of Association and any other relevant articles to rename the Widam Food Company (QSC). The meeting will also consider proposed amendment of Article No. (30) of Memorandum of Association to be read as 'The board of directors will be elected for a period of three years and the member may be re-elected for two periods only, notwithstanding, no member shall remain in his position for more than nine consecutive years. However, the first Board of Directors remains working for five years and may be re-elected for another two periods only where not to exceed the duration than eleven consecutive years.' (QNA)