Board Recommends QIIB to Amend Article 21

Doha, December 17 (QNA) - The Board of Directors has recommended the Qatar International Islamic Bank (QIIB) to amend an Article of the Qatari Banks Articles of Association in order to increase its number of board members. QIIB's Board of Directors at its 17th meeting for the year 2012 recommended to the shareholders' extraordinary general assembly to amend Article 21 to increase the number of board members from nine to 11, according to a Qatar Exchange bulletin today. The date of the extraordinary General Assembly will be decide after getting the necessary approvals. Meanwhile, Qatari German Medical Devices Company (QGMD) has announced its Annual General Meeting will be held at 4pm on December 19 at the Grand Heritage Hotel in Doha. QGMD's AGM scheduled for December 16th had been adjourned for the lack of quorum, according to a Qatar Exchange bulletin. (QNA)