QIIB Announcment

news

International Islamic Bank announced that Mr.Abdulla Taher (QIIB Shareholder's) filed a lawsuit in First Instance - Civil Court under number 189/2017   against QIIB requesting the cancellation of the Board of Directors' election procedures held on 3/4/2017 and obliging the Bank to include his name as an independent candidate for membership of the Board of Directors and the Bank obligor to pay the damages cause to him. 

In addition , Mr.Abdulla Taher filed a lawsuit in First Instance - Civil Court under number 1653/2017 against QIIB requesting to cancel the procedures of its Extraordinary General Assembly which hold on 19/4/2016 and invalidation the voting on the decision to amend the bank Articles of Association and invalidation of all the decisions issued by the Assembly and the bank obligating to pay the expenses of the lawsuit.