The legal structure of the Bank and its subsidiaries is as follows:
Name Legal Status
ahlibank QSC
Qatari Shareholding Company
(Ahlibank was established 16 June 1983 according to Decree No. 40 of 1983, commenced its activities on 4 August 1984, and is licensed by the QCB to conduct banking activities as per QCB reference No. RM./13/1984.)
ahli brokerage co.
Single-person company and subsidiary company wholly owned by ahlibank QSC
(Ahli brokerage co. was established with capital of QR 50 million with the approval of the QCB and is licensed by the QFMA under membership in the QE and commenced trading securities on 24 July 2011.)
The following table shows the shares held by the Bank’s BOD members and executive managers as of 31 December 2013:
Sr. Name Title Number of Shares
1 Sh Faisal Abdulaziz Jassim Al-Thani Chairman &Managing Director 1,345,501 2 Sh Nasser Ali Saud Al-Thani Deputy Chairman 1,356,717 3 Sh Mohamed Falah Jasim Al-ThaniRepresenting M/S. Al-Maha Capital
Company BOD Member
194 2,486,930 4 Mr Ahmed Abdulrahman Nasser Fakhro BOD Member 2,541,500 5 Mr Victor Nazeem AghaRepresenting M/S. Al-Zubara for Real
Estate Investment BOD Member
—
1,284,436 6 Dr Ahmed Mohamed Yousef ObidanRepresenting M/S. Group of Trans Orient
Companies BOD Member
63,313 1,402,177 7 Mr Abdullah Mohd. Salman Al-Mahmied Executive Manager, Administration 2,649
8 Shafi Mubarak Shafi Al-Shafi Executive Manager, Government Relations &
Corporate Affairs 100
BOARD OF DIRECTORS
Organisation
Chart
Head of Human Resources Head of Operations Head of Services Head of Finance Head of Information Technology DCEO Finance, Operations, IT & ServicesShareholders’
Rights
As per Article 13 of the Bank’s Memorandum and Articles of Association, the shareholders have the right to inspect the shareholders’ register of the Bank for free during the Bank’s official working hours and to obtain a copy of the same. They also can get a free copy of the Bank’s Memorandum and Articles of Association. As the Bank is listed on the Qatar Exchange, the Bank complies with the internal regulations of the Qatar Exchange and the rules, regulations, and instructions governing the trading of securities in the State of Qatar by disclosing and providing the required information and documents to all its shareholders.
Also, Chapter 5 of the Bank’s Memorandum and Articles of Association stipulates that every shareholder has the right to attend the general assembly, to be treated fairly, to exercise the right to vote, and to elect BOD members. Chapter 7 includes the shareholders’ rights on the distribution of profits through dividends proposed by the
BOD in the general assembly meeting.
Under the terms of Article 52 of the Memorandum and Articles of Association of the Bank, the Board of Directors may call for a general assembly meeting whenever necessary. The Board of Directors will also call for a general assembly meeting whenever the external auditor requests or upon the request of a number of shareholders holding not less than 10% of the Bank’s capital, on condition that the external auditor or such shareholders have significant reasons justifying their requests. Accordingly, shareholders have all the rights as per the laws and related articles of the Corporate Governance Code issued by the QFMA and the Bank’s Memorandum and Articles of Association. The BOD guarantees respect for shareholders’ rights to achieve equity and equality.
Corporate
Goverance
(continued)
Fines
Fines aggregating QR 40,100 (2012: QR 40,250) were imposed on the Bank by the Qatar Central Bank during 2013 because of an overdraft the Bank had on its account with the QCB for a limited number of working days, because of the Bank’s late submission of a cash reserve report by a day to the QCB, because of the return of a cheque cleared through the Bank, because the Bank was a day late in submitting its monthly customer credit data file to the Qatar Credit Bureau for the month of June 2013, and because a payment through the Payment System was cancelled for late delivery.Policy, Procedures & Compensation Committee Business Banking & Strategy DCEO
Retail Banking Corporate BankingSr. DCEO
Head of Risk Management Head of Internal Audit Head of Compliance Tender Committee Audit, Compliance & Risk Committee Board Secretary Legal Head of Legal Head of Treasury & Investments Head of International Banking Executive Committee Chief Executive Officer SUPPORT BUSINESS CONTROLS
Salah Jassim Murad
Chief Executive Officer
Mahmoud Yahya Malkawi
Senior Deputy CEO Corporate Banking
Andrew McKechnie
Deputy CEO Retail
Mahalingam Shankar
Deputy CEO Finance, Operations, Services & Technology
Shafi Mubarak AlShafi
Executive Manager, Government Relations & Corporate Affairs
Abdulla Mohd. Salman Almahmeid
Executive Manager, Administration
Mohamed Ouf
Executive Manager of Legal
Saad Al-Kaabi
Head of Human Resources
Graeme Coulson
Head of Treasury & Investments
Trevor Bailey
Head of International Banking
Mahmoud Eid
Head of Risk Management
Zakaria Abedraboh
Head of Compliance
Bashar Ahmad Al-Agha
Head of Internal Audit
Head of Corporate Communication
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Opinion
In our opinion, the consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Bank as of 31 December 2013, and of its consolidated financial performance and its consolidated cash flows for the year then ended in accordance with International Financial Reporting Standards and applicable provisions of the Qatar Central Bank regulations.