Board Directorship Nomination Announcement (2 independent members)

Aamal Company Q.P.S.C (the “Company”) is pleased to announce the opening of nominations for electing two independent board members in accordance with the Commercial Companies Law No. (11) for the year 2015 and its amendment No. (8) of the year 2021, the Corporate Governance Code (the “Code”) issued by Qatar Financial Markets Authority’s Board decision number (5) for the year 2025, and the Company’s Articles of Association.

The term of the new board member shall be for the reminder of the current three (3) years term, which is only two year (2026-2027), starting from the date of elections on ordinary General Assembly meeting for the year ended on 31 December 2025 and expires on the date of holding the ordinary Annual General Assembly meeting for the year ending 31 December 2027.

The nomination for board directorships shall commence at 9:00am on Tuesday, 24 February 2026, until 5:00pm on Tuesday, 10 March 2026.

Candidates wishing to be nominated for elections as independent or non-independent directors must fulfill the requirements outlined in the Corporate Governance Code issued by Qatar Financial Markets Authority’s Board decision number (5) for the year 2025, and the Commercial Companies Law No. (11) for the year 2015 and its amendment Law No. (8) for the year 2021.

Non-Independent Director’s Nomination Requirements

  1. The candidate must not be less than 21 years old.
  2. The candidate of the Board, or the representative, shall have university qualifications or equivalent qualifications or experience, and shall possess appropriate competencies and skills in at least, one of the following fields: finance and accounting, real estate investment, manufacturing and engineering, medical and pharmaceutical, and/or information technology
  3. The candidate must not have been convicted of any criminal offences including any crime related to the dignity and trusteeship or any crime mentioned in Articles (40) of law number (8) for the year 2012 issued by Qatar Financial Markets Authority or convicted of any of the crimes listed in Articles (334) and (335) of the Commercial Companies Law No. 11 of year 2015.
  4. The candidate must not be prohibited from practicing their profession by any of the regulatory authorizes in accordance with Article (35) paragraph 12 of law number (8) for the year 2012 issued by Qatar Financial Markets Authority stated above.
  5. The candidate must not have been declared bankrupt unless such conviction is spent.
  6. The candidate must not be prohibited by law from combining his/her current position with the Director role.
  7. The candidate must own a minimum number of shares in the Company as required by the Company’s Articles of Association amounting to Two Hundred Thousand shares (200,000) owned at the time of submitting his/her nomination and held throughout the direction of their directorship.

Independent Director’s Nomination Requirements

  1. Must fulfill all the requirements for non-independent nominee membership, except for condition No. (6) regarding ownership of shares in the company, which is not required for an independent nominee.
  2. Neither the candidate nor any of his/her First-degree Relatives own, directly or indirectly, any of the Company's shares, nor are any of them major shareholders in any of the Company's affiliated companies.
  3. Neither the candidate nor any of his/her First-degree Relatives are members of a group or association of natural or legal persons exercising control over the Company.
  4. Neither the candidate nor any of his/her First-degree Relatives, nor the companies they own, have any contractual relationship, or any direct or indirect interest in the Company, including receiving any salary or material benefit from the Company that might affect their ability to make independent decisions (with the exception of remuneration and allowances received for membership on the board).
  5. The candidate shall not work or hold shares in an organization that provides the Company with advisory or professional services, such as external auditing, outsourcing, or other services, whether in his/her personal capacity or through a First-degree Relative. Moreover, neither he/she nor any of his/her First-degree Relatives shall have any direct or indirect interest in, or be a party to, contracts, projects, or engagements conducted by the Company.
  6. The Candidate shall not be a first-degree relative of any member of the Board or the Company's senior executive management.
  7. The Candidate or any of his/her First-degree Relatives shall not work and shall not have worked for the Company during the previous five years.
  8. The candidate shall have a university degree.

Documents Required

  1. The application form along with the required documents, signed declarations and undertakings.
    The application form can be downloaded from the company’s website or by downloading the file below.

    Application Form
  2. Valid proof of identity of the candidate (ID card for Qataris, passport for non-Qataris).
  3. A valid Certificate of Good Conduct in accordance with the requirements in the Code.
  4. The candidate's financial credit report issued by the Qatar Credit Bureau.
  5. A recent certificate of ownership of membership guarantee shares for non-independent candidates or the candidate's acknowledgement that the certificate will deposited with the depository within the legally specified timeframe.
  6. The candidate's undertaking that he/she shall not hold positions simultaneously, in compliance with the requirements of the Code of Governance by QFMA.
  7. A detailed and up-to-date CV for the candidate.

The nomination application and the required documents can be submitted as follows:

  1. Electronically: By sending the application form along with the required documents by email to the Secretary of the Board of Directors, Mr. Zaid Al-Shalah, (email: [email protected])
  2. In person: By visiting the company's headquarters and delivering the application supporting documents to the Nomination and Remuneration Committee through the Secretary of the Company's Board of Directors at the following address:

Aamal Q.P.S.C.
15th floor, Marriott Marquis Hotel, office entrance City Tower, Al-Dafna area, Doha, Qatar.

Nomination & Remuneration Committee
Board of Aamal Company Q.P.S.C.