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      OMAN UNITED INSURANCE

       Board Resolutions

      Apr 01, 2018 08:25 AM

      Dear honorable shareholders and investors community.

      We would like to announce that the Board of Oman United Insurance Company held a meeting on, Thursday evening 29th  March 2018, and hereinafter the most important Board decisions:

       

      First: Sayyid Salim Bin Nassir Al Busaidi has been elected as the Chairman

      Second: Mr. Saud Bin Ahmed Al Nahari has been elected as the deputy Chairman

       

      Third: The board formed the subcommittees emanating from the boar as following:

      1-       Composition of Nomination & Remuneration Committee

      No.

      Director’s Name

      Position in the board

      Position in the Committee

      1.

      Sayyid Salim Bin Nassir Al Busaidi

      Chairman

      Chairman

      2.

      Mr. Saud Bin Ahmed Al-Nahari

      Dy.  Chairman

      Member

      3.

      Mr. Rahul Kar

      Director

      Member

      4.

      Mr. Mohamed Bin Noor Al Zadjali

      Director

      Member

      Composition of Audit Committee

      No.

      Director’s  Name

      Position in the board

      Position in the Committee

      1.

      Mr. Nassir bin Khamis Al Hashar

      Director

      Chairman

      2.

      Sayyid Khalid Bin Mahfoudh Al Busaidi

      Director

      Member

      3.

      Mr. Mustafa Bin Ahmed Salman

      Director

      Member

      4.

      Sayyid  Salim Bin Ahmed Al Busaidi

      Director

      Member

       

      Fourth: In pursuance of the second principle of the Code of Corporate Governance, item (3), paragraph (A), requires all members of the Board to be non-executive members, therefore Sayyid. Nasser Bin Salem Al Busaidi existed from the Board of  Directors and accordingly his designation has been changed from to “Chief Management Executive” with effect from the next day of AGM.

      Fifth: Recruitment of some executive managers:

      1. The Board resolved to assign  both of Sayyid Salim Bin Nassir Al Busaidi – the Chairman   and  Sayyid Nassir bin Salim Al Busaidi The Chief Management Executive as the Spokes Persons of the company

      2. The Board resolved to renew the assignment of Mr. Maher Mohammed Amin as the Disclosure Officer.

      3. The Board resolved to renew the assignment of Sayyid Mohamed Bin Qahatan Al Busaidi as the Company Secretary.

      4. The Board resolved to renew the  assignment of   Mr. Wesam Yousef Obaid as compliance Officer

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