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AGM Resolutions
Mar 21, 2017 - 06:24PM Company : BANK NIZWA

Resolutions Passed by the AGM on 21 March 2017

 

1. Approving the Board of Directors’ Report for the financial period ended 31 December 2016.

2. Approving the Corporate Governance Report for the financial period ended 31 December 2016.

3. Approving the external auditors Report and approving the financial results and profit and loss accounts for the financial period ended 31 December 2016.

4. The Assembly was briefed on the sharia supervisory board report for the financial year ended December 31, 2016.

5. Approving the Board of Director’s sitting fees for the Board and its sub-committees meetings for the financial period ended 31 December 2016 and fixing their remuneration for the next financial year.

6. Approving the related party transactions for the financial period ended 31 December 2016.

 7.  Appointing and fixing the remuneration for the members of the Shari’a Supervisory Board of the Bank until date of the AGM for the financial year ended December 31, 2017. The following are the members appointed:

1. Dr. Abdul-Sattar Abdul-Kareem Abu Ghuddah
2. Sheikh Dr. Mohammad bin Rashid Al Gharbi
3. Sheikh Ibrahim bin Nasser Al Sawwafi

8. Appointing of Earnest and Young as External Auditors and Shari’a Auditors for the Bank and fixing their fees for the financial year ending 31st of December 2017.

 

9. Appointing of Protiviti as an independent entity to measure the performance of members of the board for the financial year ending 31 December 2017.