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 HSBC BANK Oman S.A.O.G. holds its Annual Ordinary General Meeting

HSBC BANK Oman S.A.O.G. holds its Annual Ordinary General Meeting

 

The Annual General Meeting of HSBC Bank Oman S.A.O.G. was held on Monday 30 March 2015 at 5:00 pm at Al Bustan Palace Hotel (Qantab Room). The Shareholders of the Bank approved:

1.         The Board of Directors’ Report for the financial year ended 31 December 2014.

2.         The Corporate Governance Report for the financial year ended 31 December 2014.

3.         The Auditors’ Report and the Financial Statements for the year ended 31 December 2014.

4.         The proposal to distribute a cash dividend of 5.5 baiza per share to the shareholders at the meeting date for the year ended 31 December 2014.

5.         The Board and Committees’ sitting fees paid during the preceding year and the Board and Committees’ sitting fees for the coming year.

6.         The transactions carried out by the Bank with related parties during the financial year ended 31 December 2014.

7.         The appointment of PricewaterhouseCoopers LLC as the statutory auditors for the financial year ending 31 December 2015 and their remuneration.

8.         The election of the new Board of Directors for the Bank with a new 3 year term starting on the date of this Annual Ordinary General Meeting until the date of the Bank’s Annual Ordinary General Meeting in 2018, as follow:

 

David Gordon Eldon

Brig. (Retd.) Waleed Omar Al Zawawi

Dr. Juma Ali Juma Al Juma

Aimen Ahmed Sultan Al Hosni

Sayed Abdulfattah Sayed Mansoor Sharaf

Robert Adrian Underwood

Robin Douglas Jones


In a Board meeting held after the AGM, the Board of Directors appointed David Gordon Eldon as Chairman of the Board of Directors and Brig. (Retd.) Waleed Omar Al Zawawi as Deputy Chairman of the Board of Directors.

 

Important Notice: Dividend payments will be managed on behalf of the Bank by Muscat Clearing & Depository Co. SAOC. Please note that each shareholder must contact Muscat Clearing & Depository Co. SAOC for any inquiry in respect of any such amount due to him.