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      OMAN UNITED INSURANCE

       Invitation for the Annual General Meeting on 24th March 2012

      Feb 29, 2012 09:14 AM
      Oman United Insurance Company SAOG
      Invitation to attend the Annual General Meeting
      on 24th March 2012
      The Board of Directors of Oman United Insurance Company SAOG have the pleasure of inviting the honorable shareholders to attend the Annual General Meeting to be held on Saturday 24th March 2012 at 4:30pm in the company’s head office at Al-Khuwair, to discuss the following agenda:
       
      1.       To consider and approve the Directors’ Report for the year ended 31st December 2011.
      1. To study and approve the company’s Corporate Governance Report for the year ended 31st December 2011.
      3.       To study the Auditors Report and approve the Balance Sheet and Profit & Loss account for the financial year ended 31st December 2011.
      1. To approve the proposal to distribute cash dividends of 7.5 % of the paid up capital of RO. 10 million i.e. (7.5Bzs.) per share.
      2. To ratify the sitting fees paid to board of directors and board's subcommittees during the year ended 31/12/2011, and to determine and approve the sitting fees for the current year 2012 (As attached).
      3. To notify the shareholders with the related party transactions during the year 2011 (As attached).
      4. To approve the related party transactions which will be executed during the year 2012 (As attached).
      5. To elect new board of directors (from shareholders and Non-shareholders). Anyone who wishes to nominate himself shall fill the form prescribed for this purpose and submit it to the company in two days prior to the Annual General Meeting (on or before  Tuesday 20/3/2012). No forms will be accepted after this date. If the candidate is a shareholder, then in accordance to the company’s article of association he / she is required to own 1 million shares of the company at the annual general meeting date.
      6.   To appoint Statutory Auditors for the year 2012 and approve their fees.
       
      In accordance with the Company's Articles of Association, each shareholder is entitled to give a written proxy to another person to attend the meeting and vote on his/her behalf. Pursuant to the administrative Decision NO. (51/2010) issued by the Capital Market Authority on 23rd November, 2010, regulating issuing of proxies for attending and voting at general meetings, shareholders shall complete proxy forms prepared by Muscat Clearing & Depository Co. “SAOC” which is enclosed with the invitation. Natural shareholders persons must sign the proxy form and enclose copies of their IDs. Female shareholders and underage shareholders who do not have IDs shall enclose copies of their passports with their proxy forms. Non-Omani shareholders shall enclose along with their completed proxy forms copies of their resident cards or copies of their passports. Proxy forms for corporate persons shall be stamped signed by their authorized signatories. Copies of registration documents with the Ministry of Commerce & Industry as well as their authorized signatories “sheets must be enclosed with their completed and signed proxy forms.  For further information, please contact Mr. Maher Ameen on phone No.24477314.
      Shareholders and their proxies are requested to make themselves available at the venue of the meeting half an hour prior to the meeting time so that the meeting can be held at the scheduled time.
       
          
      Mukesh Kumar Sawhney                                        KPMG                            WESAM YOUSEF OBAID
           Deputy CHAIRMAN                                   EXTERNAL AUDITOR        LEGAL ADVISOR
       
      Note: OUIC as SAOG Company should deposit the investors' funds unclaimed within a period of six months from its due date to the Investors' Trust Fund. Shareholders are advised to refer to the Muscat Clearance & Depository Company to enquire about any amounts due for them.
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