Annual General Meeting

1. The Chairman’s Report for the year ended 31 December 2014 was approved.
2. The Corporate Governance Report for the financial year ended 31 December 2014 was approved.
3. The Auditor’s report and Audited financial statements for the financial year ended 31 December 2014 was approved.
4. Distribution of 10% (Ten Baizas per share) cash dividend of the paid-up capital to Shareholders for the financial year ended 31 December 2014 was approved.
5. Ratified the sitting fees paid to the Board and its sub-committees in 2014 and approved sitting fees for year 2015.
6. Directors’ Remuneration of RO 39,000 for the year 2014 was approved.
7. The related party transactions made during the year 2014 was approved.
8. The related party transactions proposed for the year 2015 was approved.
9. Inform the Shareholders the amount spent towards social work and charity during the year 2014.
10. Approved allocation of RO 30,000/- for social support work and charity for the financial year ending 31 December 2015.
11. Elected new Board of Directors of the company for the new term (3 years).
12. Appointment of PricewaterhouseCoopers, as the company’s statutory auditors for the financial year ending 31 December 2015. 

 New Board of Directors

At the Annual General Meeting held on 19^th March 2015, the following members were elected as the members of the Board of Directors.

1. Mr. Faisal Al Hashar
2. Engr. Fahad Al Ahmadi
3. Mr. Ali Ziraknejad
4. Mr. Saleh Nasser Al Riyami
5. Mr. Hussain Mohamed Redha
6. Mr. Anwar Hilal Al Jabri
7. Mr. Mansoor Hamood Al-Amri
8. Mr. Khalid Mohamed Al Hamoodah

Best Regards,

Mohammed Redha A Jawad

Chief Executive Officer