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Resolutions of AGM
Mar 29, 2016 - 04:22PM Company : AL SHARQIA INVESTMENT HOLDING

We wish to inform you that at the Annual General Meeting (AGM) of the shareholders of A’Sharqiya Investment Holding Co. (SAOG) held at 15:00 hours on Tuesday, March 29, 2016 the following decisions were approved by the shareholders of the Company:

 Decisions made at the Annual General Meeting

  1. The AGM unanimously approved the Chairman's Report for the financial year ended December 31, 2015.
  2. The AGM unanimously approved the Corporate Governance Report for the financial year ended December 31, 2015.
  3. The AGM unanimously approved the Auditor’s Report, the Statement of Financial Position and the Statement of Comprehensive Income for the financial year ended December 31, 2015.
  4. The AGM approved the sitting fees availed by the members of the board and members of sub-committees of the board in the financial year ended December 31, 2015 and also approved the proposed sitting fees for the financial year 2016. 
  5. The AGM was briefed on the related party transactions as per note No. 25 of the Audited Financial Statement for the financial year ended December 31, 2015.
  6. The AGM approved the recommendation of the Board of Directors to allocate RO 10,000 (Rial Omani ten thousand) to Omani charities for the financial year 2016.
  7. The AGM appointed Price Waterhouse Coopers (PWC) as the company’s statutory auditors for the financial year 2016.