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Invitation to the AGM
Mar 02, 2017 - 04:09PM Company : AL SHARQIA INVESTMENT HOLDING

The Board of Directors of A’Sharqiya Investment Holding Co. SAOG invites all Shareholders to attend the Ordinary Annual General Meeting, which will be held on Sunday March 19, 2017 at 5:00 P.M. at CMA Businessmen Hall to discuss the following agenda:

Review and approve  the Chairman’s Report for the Financial Year ended December 31, 2016

 

Review and approve the Corporate Governance Report for the Financial Year ended December 31, 2016

 

Review the statutory auditor’s report and approve the Balance Sheet and Profit & Loss Account for the Financial Year ended December 31, 2016

 

Review and approve the proposed cash dividend distribution of 5.0% of the paid up Capital (at the rate of  5 Baizas per share)

 

Approve the sitting fees of meetings of the Board and sub-committees of the Board paid to the Members of the Board during the Financial Year ended December 31, 2016 and stipulate sitting fees for the next financial year

 

Brief shareholders on the transactions made by the Company with Related Parties during the Financial Year 2016

 

Review and approve the proposal of the Board of Directors to allocate RO 10,000 to Omani Charities for the Financial Year 2017

 

Election of new Members to the Board of the Company (from Shareholders or Non-shareholders). Any person wishing to nominate himself/herself to the Board of Directors may fill out the Nomination Form that can be obtained from the Company and deliver it at least 2 working days prior to the Annual General Meeting, i.e. no later than Tuesday March 14, 2017 Any Nomination Form delivered after the aforementioned deadline will not be considered. If the candidate is a shareholder, he must be holding at least 50,000 of the company’s shares on the Annual General Meeting Date

 

Appointment of statutory auditors for the year ending December 31, 2017 and determine their fees

 

Approve the standards of measuring the Board of Directors performance

 

Appointment of an independent party to measure the Board of Directors performance for the year ending December 31, 2017 and approve their fees

 

In accordance with the Articles of Association of the Company, any Shareholder may authorize, in writing, any person to attend the meeting and vote on his behalf, provided that the authorization is executed on the Proxy Form attached to the meeting notice. If the proxy is issued by a natural person, a copy of such person’s ID card in case of adults, copy of the passport in case of women and minors and copy of residency card in case of non-Omanis must be attached to the Proxy Form. If the proxy is issued by a juristic person, the Proxy Form must be signed by an authorized signatory and sealed by the juristic person’s seal, and copies of the person’s certificate of Commercial Registration and Authorized Signatories List should be attached to the Proxy Form.

 

Persons are requested to be present at the meeting hall, at least half an hour prior to the commencement of the meeting.

 

For further information please contact Mr. Bader Al-Khaduri   on phone No (00968- 24566160)

 

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