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      OMAN UNITED INSURANCE

       Most Important Decisions passed at the AGM dated 30 March 2014

      Mar 31, 2014 09:00 AM
      The Board of Directors of Oman United Insurance Company SAOG have the pleasure to inform the honorable Investors Community  and  shareholders with the most important decisions which have been approved by shareholders at the Annual General Meeting held yesterday on Sunday 30th  March 2014, at 4:30 p.m in the company’s Head Office at Al-Khuwair:
      1.               The AGM approved the Directors report for the year ended 31st December 2013.
      2.               The AGM approved the company’s Corporate Governance Report for the year ended 31st December 2013.
      3.               The AGM approved the Auditors’ Report and approved the Financial Position and the statement of income for the financial year ended 31st December 2013.
      4.               The AGM approved the Board proposal to distribute cash dividends of 35% of paid up capital i.e 35 Baizas per share.
      5.               The AGM approved the sitting fees paid to board of directors and board's subcommittees during the year ended 31/12/2013, and approved the proposed sitting fees for the year 2014  at the amount of RO. 500/- without any increase.
      6.         The AGM approved the Board remuneration fees of RO.134,000 (Rial Omani One Hundred Thirty Four  Thousands  only) for the year 2013.
      7.         The AGM have been notified and approved the related party transactions during the year 2013.
      8.         The AGM approved the related party transactions, which will be executed during the year 2014.
      9.         The AGM have been notified with the social responsibility contribution of RO. 3,750/-  to enhance the traffic awareness program conducted during the Gulf Traffic Week, for the year 2013.
      10.     The AGM approved the Board  proposal to allocate  RO. 20,000 (RO. Twenty Thousand) for social responsibility in the year 2014.
      11.     The AGM approved the appointment of PriceWaterHouseCoopers as Statutory Auditors for the year 2014 and approved their fees of RO. 13,500 for annual and quarterly auditing.
       
       
      Wesam Yousef Obaid
       Legal Advisor/ Secretary of the meeting
       
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