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      OMAN UNITED INSURANCE

       Invitation for the Annual General Meeting

      Mar 01, 2017 02:10 PM

       

      The Board of Directors of Oman United Insurance Company SAOG have the pleasure to inviting the honorable shareholders to attend the Annual General Meeting to be held on Tuesday 28th March 2017 at 3:00 pm in the company’s head office at Al-Khuwair to discuss the following agenda:

      1. To study and approve the Directors’ Report for the year ended 31st December 2016.
      2. To study and approve the company’s Corporate Governance Report for the year ended 31st December 2016.
      3. To study the Auditor’s Report and to approve the Balance Sheet and Profit & Loss account for the financial year ended 31st December 2016.
      4. To study and approve the proposal to distribute cash dividends (at AGM Date) of 30% of company’s capital i.e. (30 Bzs.) per share to the shareholders for the year ended 31st December 2016.
      5. To ratify the sitting fees paid to the Board of Directors and to the Board’s subcommittees during the year ended 31/12/2016, and to determine the sitting fees for the year 2017.
      6. To approve the proposed Board remuneration of RO. 124,500/- (OMR.  One Hundred Twenty Four Thousand and Five Hundred only) for the year 2016.
      7. To notify the shareholders with the related party transactions during the year 2016.
      8. To approve the related party transactions which will be executed during the year 2017.
      9. To notify the shareholders with the social responsibility contribution of RO. 29,501 during 2016.
      10. To study the proposal to allocate RO. 30,000/- (OMR. Thirty Thousand) for social responsibility in the year 2017, and to approve the same.
      11. To appoint Statutory Auditors for the year ending 31st December 2017, and approve their fees.
      12. To approve the benchmark and standards whereby to evaluate the performance of the Board members.
      13. To appoint an independent party to appraise the performance of Board for the year ending 31st December 2017, and to 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.
      Shareholders shall complete the proxy form 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 and 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 stamped and signed proxy forms.
      Shareholders and their representatives are requested to make themselves available at the venue of the meeting half an hour prior to the meeting time.

       For further information, please contact Mr. Abdullah Bin Ali Al Qassab on phone No.24477490.

      Note: OUIC as SAOG Company shall 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.
      There are some unclaimed dividends laying at Investors' Trust Fund therefore Capital Market Authority requests the shareholders to refer to Muscat Clearance & Depository Company to collect their dividends.

          
      SALIM BIN NASSIR AL BUSAIDI      KPMG                           WESAM YOUSEF OBAID
      CHAIRMAN                                EXTERNAL AUDITOR             LEGAL ADVISOR

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