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

The Annual General Meeting (‘AGM’) of HSBC Bank Oman S.A.O.G. (‘Bank’) was held on Wednesday 30 March 2016 in the Jabrin Ballroom at the InterContinental Muscat Hotel, Muscat, Sultanate of Oman. The Shareholders of the Bank approved:

                                        

1.         The Board of Directors’ Report for the financial year ended 31 December 2015.

 

2.         The Corporate Governance Report for the financial year ended 31 December 2015.

 

3.         The Auditors’ Report and the Financial Statements for the year ended 31 December 2015.

 

4.         The proposal to distribute a cash dividend to the Shareholders at the rate of 3.9% of the share capital (i.e., 3.9 baiza per share).

 

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 2015.

 

7.         The appointment of PricewaterhouseCoopers LLC as the statutory auditors for the financial year ending 31 December 2016 and their remuneration.

 

 

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/her.