The Annual General Meeting of Oman Cables Industries (SAOG) was held at 4 pm on 8 March 2015 at Capital Market Authority Business Hall and the following was transacted:

1. The Report of the Board of Directors for the financial year ended 31 December 2014 was approved.

2. The Corporate Governance Report for the financial year ended 31 December 2014 was approved.

3. The audited financial statements for the financial year ended 31 December 2014 was approved.

4. Distribution of 90% cash dividend on the issued share capital (90 baisa per Share) for the financial year ended 31 December 2014 to the shareholders was approved

5. The sitting fees for the Directors for the financial year ended 31 December 2014 was approved, and the proposed fees for the financial year 2015 were also approved

6. The Board of Directors remuneration of RO. 191,250 for the financial year ended 31 December 2014 was approved

7. The General Assembly was informed about the related parties’ transactions during the financial year ended 31 December 2014

8. The General Assembly was informed about the Corporate Social Responsibility activities for the year ended on 31 December 2014

9. The General Assembly approved the amount of RO 100,000 for Corporate Social Responsibility for the year 2015 and authorized the Board to act in this matter

10. The following seven persons were elected as Board members of the Company for a term of three years

      1- Mr. Mohamed Bin Mustafa Bin Mukhtar Al Lawati

     2- Mr. Hussain Bin Salman Al Lawati

     3- Mr. Mahmut Tayfun Anik (Representative of Draka Holding BV)

     4- Mr. Fabio Romeo

     5- Mr. Abdul Amir Bin Saeed Bin Mohamed Al Lawati

     6- Mrs. Lara Caroline Mahmoud Hansen

     7- Mr. Christian Raskin

11. The General Assembly approved the appointment of Deloitte & Touche (M.E.) & Co. LLC as Statutory Auditors for the financial year ending 31 December 2015