RESOLUTIONS OF THE ANNAUL GENERAL MEETING – 18TH MARCH 2015
1. Approving Board of Directors Report for the financial year ended 31st December 2014
2. Approving the Corporate Governance Report for the financial year ended 31st December 2014
3. Approving Auditors Report, Balance Sheet and Profit & Loss Account for the year ended 31st December 2014.
4. Approving Shareholders dividends at 30% of the issued capital, equal to Bz. 30 per share.
5. Approving Sitting Fee paid to the members of Board of Directors and Members of Board Sub-Committees for the year 2014 and approving Sitting fees for the member of the Board of Directors and Members of the board Sub-committees for the year 2015 as under:
|
(1) |
Board of Directors Meeting |
@ RO 500/- per Mtg
|
|
(2) |
Board’s Sub Committees Meetings |
@ RO 400/- per Mtg |
6. Approving RO 140,000/- as remuneration of the Members of the Board of Directors for the year 2014
7. Approving related parties transaction during the year 2014.
8. Approving transactions to be undertaken with related parties during the year 2015.
9. Approving the appointment of M/s. Moore Stephens as Auditors of the company for the year 2015 at a total audit fee of RO 10,000/- ( Rial Omani Ten Thousand only) including fees and expenses.
RESOLUTION OF EXTRAORDINARY GENERAL MEETING 18TH MARCH 2015.
1. Approving the amendment to para 13 of the Article No. 22 of the Articles of Association for amending the limit for donation for social development to 2% of the net profit of the previous year.
