Investment Committee

​​Amiri Resolution No. (32) Year 2011 on Estab​​​​​​​​lishing a Committee to Invest the Civil and Military Pension Funds

Article (1)​

Establish a Committee in GRSIA called “ Civil and Pension Funds Investment Committee,” which has a legal identity.

The Director of the Committee is the Economy and Finance Minister deputed by the Deputy Governor of Qatar Central Bank or his Deputy, and the President of GRSIA is a member, plus a representative of the following:

• Qatar Investment Authority, chosen by the Authority, referred to.
  
• Military Retirement Committee, chosen by the Committee, referred to.
  
• Private Sector, chosen by the Economy and Finance Minister.
  

The secretary is one or more employee of GRSIA. Delegation, competences and remunerations are determined through a resolution of the Committee upon a proposal of the President.

Article (3)

The Committee aims to achieve the proper investment to the Pension Fund that is established by Law No. (24) Year 2002 and the Military Pension Fund that is established by Law No. 

(13) Year 2006, referred to, regarding the security liquidity standards. The Committee may practice all required power and competences to achieve its objectives, especially:

• Set the general policies related to the civil and military funds investment.
  
• Supervise the Funds Investment, referred to, to ensure and identify the best procedures to achieve the proper investment of the funds, and follow up that.
  
• Set the Funds investment plans, programs and projects, referred to, and follow up the implementation.
  
• Set the investment operations, which are planned for the Funds regarding the liquidity and the investments amounts standards.
  
• Get support from the Consultants Companies, Expert Houses, Financial Corporations and other relevant entities to conduct the required studies.
  
• Sign the required contacts to implement its functions, follow up that and overcome the difficulties and obstacles that may occur.
  

Article (4)

The Committee shall be convened at least 4 times per year, upon the invitation of the Director, and whenever it is necessary. The meeting is only valid in the presence of the majority of the members, provided the Director or his deputy is among them.

Resolutions are taken by the majority votes of the attendants, and in the event of equality, the Director’s vote will prevail.

Article (5)

Director shall represent the Committee before the judiciary, and its relation with others.

The Director has the right to sign on behalf of the Committee on any related matter. He may authorize his deputy or any member to sign on matters that are determined by him.

Article (6)

The Committee may use anyone who has the expertise, in order to seek their assistance on any advice, data, or clarification. They may attend the meetings and participate in the discussions, without having the right to vote.

Article (7)

The Director submits an annual report on the Committee’s activities, including the necessary recommendations and proposals.

Article (8)

Any provision that conflicts this Resolution is cancelled.

Article (9)

All competent departments, each within its competences, implement this Resolution. It is enforced as the date of issuance and published in the Official Gazette. 

Hamad Bin Kaifa Al Thani

Amir of State of Qatar

Issued in the Amiri Diwan: 07/06/1432

Correspondent to: 10/05/2011​