Lesha Bank holds AGM; all items on agenda approved

Lesha Bank held its Annual General Meeting (AGM) Wednesday and approved all items listed on its agenda.
Chaired by Lesha Bank’s chairman Sheikh Faisal bin Thani al-Thani, the AGM was held virtually via Zoom, with the attendance of Lesha Bank’s Board members, shareholders, and senior management team.
The AGM included the presentation of the chairman's report for the financial year ended December 31, 2022 and the work plan for the financial year of 2023, in addition to several other reports including the presentation and approval of Shariah Supervisory Board report; audited financial statement; external auditor’s report; corporate governance report in compliance with the Qatar Financial Markets Authority (QFMA) Governance Code for companies and legal entities listed on the main market; and the Internal Control Over Financial Report (ICOFR).
Moreover, the meeting approved Lesha Bank’s major transactions and the recommendations of the Board of Directors regarding non-distribution of dividends as well as not taking an optional reserve, and the discharging and releasing of the members of the Board from liabilities.
Sheikh Faisal commented, “Lesha Bank has enjoyed continued success in 2022, recording a net profit of QR75.5mn. This marked our second consecutive year of profit along with nine profitable quarters, a remarkable steppingstone towards greater improvements. The new Board has demonstrated excellent diligence in their first year with our Bank.
“We will continue our cautious, disciplined, and prudent measure and controls to overcome the current global macroeconomic challenges while maintaining our focus on looking out for lucrative and profitable premium investment opportunities, and offering top-of-the-line investment portfolio management services.”
“Our rebranding from QFB to Lesha Bank is a great milestone, helping us launch a new chapter in our journey capitalising on the experience and insight we accumulated. We have grown and improved over the course of the years as an organisation with devoted employees and loyal shareholders and clients, and we aim to further build on the momentum to achieve further growth.”