Tribune News Network
Doha
Sheikh Abdulla bin Ali bin Jabor Al Thani was on Wednesday elected as the chairman of Commercial Bank following the lender’s ordinary general assembly meeting.
Hussain Ibrahim Alfardan was elected the vice chairman, while Omar Hussain Alfardan was named as the managing director.
The ordinary general assembly meeting approved all items on the agenda, including the board’s recommendation to distribute a cash dividend of QR0.25 per share, equivalent to 25% of the nominal share value.
Shareholders also elected 11 board members — Sheikh Abdulla bin Ali bin Jabor Al Thani; Hussain Ibrahim Alfardan representing Alfardan Investment; Omar Hussain Alfardan representing Al Gassar Capital; Abdulrahman bin Hamad Al Attiyah; Sheikh Jabor bin Abdulla bin Ali Al Thani representing Vista Trading;Ibrahim Al Osman Fakhro; Salem Khalaf Al Mannai representing Qatar Insurance Company; Mohd Ismail Mandani Al Emadi; Bader Omar Al Dafa (Independent); Tariq Ahmad Al Malki Al Jehani (Independent) and Mohammed Yaser Al Mosallam (Independent).