With reference to the Annual Ordinary General Meeting which were held on Tuesday 29^th March 2016.

We would like to inform that the following resolutions were passed:-
 

1- The shareholders approved the Board of Directors Report for the financial year ended 31 December 2015.

2- The shareholders approved the Corporate Governance Report for the financial year ended 31 December 2015.

3- The shareholders approved the Auditors Report, and the statement of financial position and statement of comprehensive income for the financial year ended 31 December 2015. 

4- The shareholders approved the Board of Directors recommendation to distribute cash dividends for the financial year ended 31 December 2015 at the rate of 50% of the paid up capital of the company (being 50 Baisa per share).

5- The shareholders approved the sitting fees of the Board of Directors and other committees for 2015 and fix the sitting fees for the new financial year ending 31 December 2016 for RO 1,000 per Director for each Board meeting to be attended and RO 500 per Director for each Audit committee and executive committee meeting to be attended.

6- The shareholders approved the Board of Directors’ remuneration of RO 155,500 for the financial year 2015.

7- The shareholders approved   the related party transactions for the financial year ended 31 December 2015.

8- The shareholders approved the proposed related Party Transaction during the financial year ending 31 December 2016.

9- The shareholders approved the donations paid during 2015.

10- The shareholders approved the donations to be paid by Board of Directors for RO. 425,000 during the financial year 2016.

11- The shareholders appoint M/S PricewaterhouseCoopers LLC as the statutory auditors of the company for the year ending on 31 December 2016 and fixed their remuneration.  

Eng:Salem Alawi Mohamed Baboud
Group Chief Executive Officer