Mubasher: Qatar International Islamic Bank (QIIB) on Tuesday announced that its extraordinary general assembly had approved amending the provisions of the Articles of Association in a bid to comply with the Corporate Governance Law, in addition to other legal entities listed in the main market.

The assembly also nodded to add a new article to the Articles of Association under No. 77, which ensures the right of the shareholder to obtain information, according to the lender’s statement to the Qatar Stock Exchange (QSE).

Moreover, the bank amended three other laws concerning board’s tasks and membership, Qatar's third-largest listed Islamic bank by assets noted. 

According to the recent amendments, shareholders also have the right to object to any decision, which they consider to be issued for the benefit of a particular group of shareholders, according to the statement.

It is worth noting that QIIB’s profits jumped 7.1% to QAR 253.2 million for the first quarter of 2018.