02 August 2022

Qatar First Bank Changes Its Name to "Lesha Bank"

Local
  • Qatar

Doha, August 01 (QNA) - Qatar First Bank held its Extraordinary General Meeting (EGM) on Monday under the chairmanship of QFB's Vice Chairman Mohammed Yousef Al Mana, and ratified all agenda items, including the change of the name of the Bank to "Lesha Bank" and authorized the Chairman of the Board to take all necessary actions related to the Bank's new name to make any necessary adjustments to the new name, logo, trademark, domain, website, or emails of the Bank, as well as the names of the Bank's subsidiaries.
According to a statement issued by the Bank, the shareholders also authorized the Chairman of the Board HE Sheikh Faisal bin Thani Al-Thani to sign any agreements, applications, amendments, adjustments, authorizations, or any other documents required by any authority or private institution for the purpose of adopting the Bank's new name, subsidiaries' names, logo, trademark, domain, email modifications and website.
Attendees at the EGM also discussed and approved, subject to obtaining all relevant regulatory approvals, the proposed changes to the Bank's articles of association ("AOA"). The shareholders authorized the Chairman to sign the amended AOA of the Bank's subsidiaries to reflect the new subsidiaries' names and make necessary amendments if requested by the regulators as well as perform all acts required to register all of the amended AOA with the relevant authorities including, but not limited to the Qatar Financial Center (QFC) and the Qatar Financial Markets Authority (QFMA).
The EGM also authorized the Board to explore and enter new investment opportunities in the health sector or any other sectors resulting in potential acquisitions of shares in other companies through the Bank's subsidiaries and approve any transactions in this sector or any other sector. The Chairman is further authorized to amend the AOA of the Bank to reflect the above authorization as part of the powers granted to the Board in the AOA and make any necessary amendments if requested by the regulators and perform all acts for the purpose of the registration of the amended AOA with the relevant authorities including but not limited to QFC and the QFMA. (QNA)

Keywords

Economy, Qatar
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