To: All Banks operating in Qatar

Subject: Transactions of Members of Board of Directors and Senior Executive managers with the Bank

With reference to paragraph no. (3) “Transactions of Members of Board of Directors with the bank” in page (243-244) of Instructions to Banks up to September 2013 and pursuant to Articles (128-129-130) of Qatar Law No. 13/2012, and to Articles No. (108-109) of Qatar Law No. 11/2015 issuing the Commercial Companies Law, The referred paragraph shall be amended as follows:

1- It is not permissible for the chairman of board of directors, or member of the board, or any of the senior staff of the banks;

a- To practice and/or participate in, directly or indirectly, whether himself, or any of his relatives of first kinship, any activity similar to the bank business or compete the bank's activities or would use the bank activities to conduct or promote any activity, or gain any business or personal interests.