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Resolutions of AGM
Mar 30, 2015 - 08:58AM Company : AL SHARQIA INVESTMENT HOLDING

Resolutions of the AGM of the Shareholders of A’Sharqiya Investment Holding Co. (SAOG)

 

The Annual General Meeting (AGM) of A’Sharqiya Investment Holding Co. (SAOG) was held on Sunday 29 March 2015. The AGM unanimously endorsed all the items in its agenda including the Directors’ Report, Corporate Governance Report, Auditors Report, financial results for fiscal ending 31 December 2014. The AGM endorsed the Board’s recommendation for distribution of cash dividends to the shareholders at the rate of 5% of the issued capital i.e. 5 bzs per share and bonus shares of 4.022% (4.022 shares for every 100 shares).The AGM also endorsed the Board’s sitting fees for the board and its committees for the year ended 31 December 2014 as well as determining their fees for 2015. The AGM was also notified of the third party transactions conducted during 2014. The AGM also approved the re-appointment of Ernst & Young as the statutory auditors for the FY 2015 and the provision of RO 10, 000 towards payment of donation for the FY 2015.