The Board of Directors of Oman Investment & Finance Co. SAOG has the pleasure to invite all shareholders to attend the Extraordinary General Meeting & Annual General Meeting to be held at Sheraton Hotel in Ruwi on Sunday 29th March, 2020 at 3.00 PM. If the quorum for the Extraordinary General Meeting or/and Annual General Meeting is not met, a second meeting will be held on Sunday 5th April, 2020 at the same time and place mentioned above to consider the following agenda:
First : Extraordinary General Meeting
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1
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Approving the amendment of the company’s articles of association in accordance with the requirements of the Commercial Companies Law and promulgated by Royal Decree No. 18/2019. (As per annexture No. 1)
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Second : Annual Ordinary General Meeting
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1
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Consideration and approval of the report of the Board of Directors’ for the financial year ended 31/12/2019.
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2
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Consideration and approval of the Corporate Governance Report for the financial year ended 31/12/2019.
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3
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Consideration of the Auditors Report and approval of the Statement of Financial Position and Statement of Comprehensive Income for the financial year ended 31/12/2019.
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4
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Consideration and approval of the proposal to distribute cash dividend at the rate of 8 baizas per share for the financial year ended 31/12/2019.
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5
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Approval of sitting fees for the Directors and Sub Committees for the year ended and determination of the sitting fees for the next financial year. (As per annexture No. 2)
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6
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Consideration and approval of Directors’ Remuneration amounting to RO.74,200 for the financial year ended 31/12/2019.
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7
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To bring to the knowledge of the AGM the transactions carried out by the Company with related parties during the financial year ended 31/12/2019. (As per annexture No. 3)
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8
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Consideration and approval of the Related Party Transactions proposed to be carried out during the financial year ended 31/12/2020. (As per annexture No. 4)
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9
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To inform the the AGM of the amount spent on voluntary and social services for the financial year ended 31/12/2019. (As per annexture No. 5)
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10
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To consider and approve the proposal of allocating RO )50,000) for supporting local community services for the financial year ending 31/12/2020.
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11
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To elect new Board of Directors for then next three years to fill the seven seats from among the shareholders and/or non-shareholders. Anyone who wishes to nominate himself /herself must fill the form and submit it to the company two working days prior to the General Meeting: on or before Tuesday, 24/03/2020. If such a person is a shareholder, then, as per the Articles of Association of the company, he or she must own at least one share.
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12
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Appointment of the Auditors for the financial year ending on 31/12/2019.and to determine their fees.
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13
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Appointment of an independent body to measure the performance of the new board of directors for the next three years that will end on 31/12/2022 and determine its fees.
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In accordance with the company’s Articles of Association, every shareholder has the right to appoint any other person as a proxy to attend the meeting and vote on his/her behalf by authorizing such person in writing on the proxy card. Adult natural persons must attach to the proxy form a copy of their IDs, women and minors who have no IDs must attach a copy of their passports, and non-Omanis must attach a copy of their civil card or passport. For juristic persons, the proxy form must be signed by one of the authorized signatories, sealed by the company’s stamp, and accompanied with copies of the commercial registration certificate and the specimen signature form. Please attend to the meeting venue at least half an hour before the meeting. In case of any queries, please contact Mr. Aiman Khair or Mr. Ammar Al Haj on telephone number 24817878 - 99377572.
Important note:
Public shareholding companies shall deposit all amounts owed to investors, which have not been received, within six months after the due date in the Investors' Trust Fund. Each shareholder should contact Muscat Clearing and Depository at Mutrah Commerical Area opposite to Oman Development Bank for any enquiries in this regard.
Chairman External Auditors Legal Advisor