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     Resolutions of Annual General Meeting Held on 31st March 2012

    Apr 01, 2012 09:27 AM
    The shareholders of the Company resolved the following in the Annual General Meeting (AGM) held on Saturday the 31st of March 2012 at 4.00 PM at Haffa House Hotel, Ruwi, and resolved the following:
    1. Approved the Board of Director's Report for the year ended 31st December 2011
    2. Approved the Corporate Governance Report for the year ended 31st December 2011.
    3. Approved the Auditor’s report and the audited Financial Statements for the year ended 31st December 2011.
    4. Ratified the sitting fees that has been paid to the Board and it’s sub-committees during the year ended 2011 and approved the sitting fees for the year 2012.
    5. Approved the Related Party Transactions that took place during the financial year 2011.
    6. Appointed KPMG as External Auditors for the financial year 2012.
    7. Approved donations to charitable organizations for a maximum amount of RO 10,000 in the year 2012.