The Board of Directors (Board) of Sharqiyah Desalination Company  S.A.O.G. (Company) is pleased to invite the shareholders of the Company to the Extraordinary General Meeting and the Ordinary General Meeting to be held at 3pm at Capital Market Authority’s hall on 16 December 2014 to consider the following agenda:

Firstly, Agenda for the Extraordinary General Meeting

(1)        Renewal of the authorised capital of the company up to RO 10,500,000 (Omani Rials Ten Million and Five Hundred Thousand).

Secondly, Agenda for the Ordinary General Meeting

(1)        To consider and approve the distribution of bonus shares to the shareholders equivalent to 50% of the capital of the Company at the equivalent of one bonus share for every two shares held by a shareholder subject to the approval of the Extraordinary General Meeting to renew the authorised capital of the Company.  The distribution of the bonus shares will result in the issued share capital of the Company increasing from 6,520,144 (Six Million Five Hundred and Twenty Thousand and One Hundred and Forty Four) shares to 9,780,216 (Nine Million Seven Hundred and Eighty Thousand Two Hundred and Sixteen) shares.

(2)        To authorise the board to take the required procedures to implement the above.

Pursuant to the Articles of Association of the Company any shareholder has the right to authorise any person in writing to attend the meeting and vote on the resolutions on his behalf.  Authorisation shall be on the proxy card issued by Muscat Clearance & Depository Company attached with the invitation.  Natural persons shall attach a copy of their ID or in the case of women or minors who do not have an ID card, a copy of their passport, and the residence card or passport for expatriates. For juristic persons the proxy card shall be signed by an authorised signatory, sealed by the company seal and submitted together with copies of the commercial registration certificate and authorized signatories form. To prevent delay in starting the meeting, shareholders are requested to arrive half an hour before the scheduled meeting time.

For further information, please contact the statutory legal advisor of the Company, Dali Rahmattala Habboub, on 2457 3014.