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     Resolutions of Annual General Meeting held on 31st March 2015

    Apr 01, 2015 09:05 AM

    The shareholders of the Company resolved the following in the Annual General Meeting (AGM) held on Tuesday the 31st of March 2015 at 3.00 PM at Haffa House Hotel, Ruwi, and resolved the following:


    1. Approved the Board of Director's Report for the year ended 31st December 2014.
    2. Approved the Corporate Governance Report for the year ended 31st December 2014.
    3. Approved the Auditor’s report and the audited Financial Statements for the year ended 31st December 2014.
    4. Approved payment of cash dividend  at the rate of 6% of the nominal value of fully paid up share (6 baize per share)
    5. Ratified the sitting fees that have been paid to the Board and its sub-committees during the year ended 31st December 2014 and determined the sitting fees for the current year 2015.
    6. Approved the Related Party Transactions that took place during the financial year 2014.
    7. Approved contribution in appropriate social causes as part of company’s social responsibility up to a maximum amount of RO 25,000 for the year ended 31st December 2015 and authorized the Board of Directors to pay the same.
    8. Appointed Ernst and Young as External Auditors for the financial year 2015.