QNB to Mull 60% Dividend Proposal at EGM on January 30

Doha, January 17 (QNA) - Qatar National Bank (QNB) will discuss its financial report, business plan for the year 2013 and its Board of Directors' proposal to disburse 60% cash dividend to its shareholders at its Extra-Ordinary General Assembly Meeting to be held here January 30. The EGM will be held at the Sharq Hotel and Resort at 6pm. If the required quorum is not present another meeting will be conducted February 3 at the same venue and time, a QNB notification on Qatar Exchange said Thursday. Besides approving the distribution of QR 6 per share as dividend to its shareholders, the assembly will also discuss absolving the members of the Board of Directors from responsibility and fixing their fees for the financial year ended December 31, 2012. It will also elect five members of the Board of Directors who will represent the private sector during the next term, 2013-2015, of the Board; hear the company's 2012 Corporate Governance Report and consider the appointment of an External Auditor for the financial year 2013 and deciding its fees. (QNA)