Mubasher: Islamic Holding Group (IHGS) on Tuesday announced that its extraordinary general assembly has approved the necessary amendments to the Articles of Association of the Company to comply with the corporate governance, in addition to other legal entities listed in the main market.
The group amended fours laws concerning board’s tasks and membership, according to the company’s filing to the Qatar Stock Exchange (QSE).
Shareholders will also have the right to object to any decision, which they consider to be issued for the benefit of a particular group of shareholders.
On the other hand, the assembly approved adding Laws No. 79 and No. 80, which ensure the right of the shareholder to obtain information, the filing showed.
It is worth noting that IHGS’s profits dropped 81.9% to QAR 237,000 for the first quarter of 2018, against profits of QAR 1.31 million in Q1-17.
