With reference to the above subject , we would like to disclosure to our esteemed shareholders the results of the annual ordinary General Assembly held on 3 pm Sunday, November 26, 2017 in Majan  headquarters in Darsait

 

1) Approved unanimously the Board of Directors ' report for the financial year ended on 31/08/2017.

2) Unanimously approved the report of the corporate governance of the company for the financial year ended on 31/08/2017.

3) Unanimously approved the report of the Auditors, the balance sheet and profit and loss account for the financial year ended on 31/08/2017.

4) Unanimously approved the report of the independent party on the performance of the College Board of Directors for the financial year ended 31/08/2017.

5) Assembly took note of the transactions with related parties during the year ending on 31/08/2017 and approved unanimously.

6) Unanimously approved the distribution of cash dividends to the shareholders in proportion (30%) Of the paid-up capital .i.e 30 baisa per share.

7) Unanimously approved allowance to attend meetings of the Board of Directors and committees for the past fiscal year and next fiscal year.

8) Unanimously approved the distribution of OMR 38 287 remuneration to the members of the Board of Directors for the financial year ended on 31/08/2017.

9) Unanimously approved the appointment of external auditors Abu Timam Grant Thornton for the financial year ending on 31/08/2017.

10) Unanimously approved the criteria for measuring the performance of the College's Board of Directors for the fiscal year ending 31 August 2018

11) Unanimously approved the appointment of Key Notes for the evaluation of the Board of Directors for the financial year ending on 31/08/2018

12) Assembly took note of the donations for social responsibility for the year ending on 31 August 2017

13) Unanimously approved the allocation of OMR 5000 as donations for social responsibility for the financial year ending on 31/08/2018.