QIB’s Board of Directors is accepting nominations of new directors for the 2026-2028 term from 12:00 AM on Wednesday, November 26, 2025, until 1:00 PM on Wednesday, December 10, 2025. Nominations are open for 11 members, three of which are reserved for independent directors. The candidate should meet the following conditions:
Eligibility Criteria
- The candidate shall be at least 21 years old and fully competent to make decisions.
- As a shareholder, the candidate must own 2,500,000 shares of QIB's stock, allocated to guarantee the rights of the company, shareholders, creditors, and others against the liability of board members. These shares must remain seized until the end of the membership term.
The candidate shall not be:
- A member of the board of directors of more than three joint-stock companies, headquartered in Qatar.
- Chairman or vice-chairman of more than two companies, headquartered in Qatar.
- Managing director in more than one company, headquartered in Qatar.
- A member of the board of directors of two companies with similar activities headquartered in Qatar.
- Declared bankrupt unless he has been rehabilitated, defaulted on his debts, caused losses to financial institutions, or has been previously dismissed, or there is any conflict of interest that affects his impartiality and independence.
- Convicted of felony or a crime involving moral turpitude or dishonesty, including crimes referred in Article (40) of Law No. (8) of 2012 concerning the Qatar Financial Markets Authority or Any crimes referred to in Articles (334) and (335) of Law No. (11) of 2015, issuing the Commercial Companies Law.
Conditions to be met by all members of the board of directors
As per the governance requirements of the Qatar Central Bank, the board members must:
- Possess personal qualities characterized by honesty, integrity, and a good reputation.
- Demonstrate appropriate financial solvency to perform their duties honestly and objectively.
- Hold university qualifications and have the experience, competence, and diverse skills necessary to perform their assigned role in a professional, effective, and integrated manner.
- Ensure that the board includes members with diverse disciplines and skills so that, collectively, they possess the appropriate knowledge and experience across all the bank's activities, including strategic planning, communication, governance, risk management, and internal control.
- Demonstrate a comprehensive understanding of local, regional, and international developments in the economic, legal, and regulatory environment.
The board member should not be:
- Prohibited from practicing any work in entities subject to the Authority's control under Article 35, Paragraph 12 of Law No. (8) of 2012.
- A defaulter on debts or caused losses to financial institutions.
- Dismissed, previously, by any supervisory authority.
When appointing members and establishing committees, the council must verify that candidates are eligible for their positions and capable of dedicating sufficient time and effort to fulfil their responsibilities.
No member – whether an individual, legal entity, or authorized representative – may serve as a member of more than one bank or sit on the board of directors of more than three public shareholding companies. Additionally, all such memberships must be free from conflicts of interest.
If a council member becomes ineligible under the above conditions, fails to fulfil their responsibilities, or is found to have any conflict of interest that affects their independence, the board shall take the necessary legal action. This may include terminating the member's position and nominating a replacement.
Running as an independent member
To run for office as an independent member, candidates must meet the conditions set forth in the corporate governance regulations of both the Qatar Central Bank and the Qatar Financial Markets Authority.
An independent board member and their first-degree relatives must not:
- Own any shares in the bank or its group, either directly or indirectly.
- Be a major shareholder in any bank and its affiliated companies.
- Belong to any group or association of natural or legal persons exercising control over the company.
- Have worked for or been employed by the bank or its group during the previous five years.
Definition of an independent board member (Qatar Central Bank Governance)
A natural person who enjoys complete independence from the bank, which enables them to make appropriate decisions impartially. This independence is achieved through meeting the following minimum conditions:
- Must not have a first-degree relationship with any of the members of the board or the senior executive management of the company.
- Must not establish any contractual relationship or direct or indirect financial interest with the bank or its group. This includes obtaining credit facilities or receiving any salary or material benefit that may compromise the member's ability to make independent decisions. The only exception is compensation, bonuses, and allowances received in connection with board membership.
- Must not work for or contribute to any institution providing consulting or professional services to the bank or its group, such as external auditing, outsourcing, or other services.
- Must not possess any direct or indirect interest in, or be a party to, any contracts, projects, or engagements undertaken by the bank or its group.
Additional requirements:
- Independent board members must hold a university degree and possess at least five years of relevant experience in financial or specialized banking fields.
Membership term
The term of membership for an independent member shall not exceed two regular terms of the council.
Nomination process
- Shareholders wishing to nominate themselves should visit the office of the Board Secretary on the 40th floor of the bank's headquarters in the West Bay Towers to complete the required nomination forms, review the specific conditions, and submit the required documents in person before the deadline mentioned above.
- Alternatively, they may submit an application via email to elections2026@qib.com.qa provided that the original copies of any document or instrument requiring the candidate's signature are submitted to the Board Secretary at the bank's headquarters before the nomination period closes.
Important information
- The elections will take place during the Ordinary General Assembly meeting scheduled for the first three months of 2026.
- For inquiries, please call: 40334554 / 40334510 during official working hours.