Resolutions passed at Annual General Meeting (AGM) held on 12 March 2015

We wish to inform you that Annual General Meeting (AGM) of Al Batnah Hotels Company SAOG held Sohar Beach Hotel – Sohar at 4.00 PM on Thursday, March 12, 2015, the following were the agenda of the meeting agreed and approved by the Shareholders of the Company.

  1. Approved the Board of Director’s Report for the year ended 31 December 2014.
  2. Approved the Code of Corporate Governance Report for the year 31 December 2014.
  3. The Auditors Report for the year ended 31 December 2014 was discussed, the Statement of financial position and Statement of comprehensive Income for the year ended 31 December 2014 was approved.
  4. Approved the proposed distribution of dividends for the financial year ended 31 December 2014 at the rate of 5% of the paid up capital of the company (being 50 Bzs per share).
  5.  Approved the sitting fees paid to the Directors for the Board meetings, during the year ended 31 December 2014 and approved the sitting fees of the Board of Directors for the financial year ending 31 December 2015.
  6. Since the number of the nominees for Board Directorship was equal to the number of seats of the Board members, therefore the applicants have been elected unopposed without voting. Following are the names of Board of Directors:

No.

Name

Basis of membership

Capacity of membership

1.

Mr. Sulaiman bin Salim Al Adi

Representative of Government

Non-Executive Director

Independent

Shareholder

2.

Mr. Sulaiman bin Ahmed Al Hoqani

In personal Capacity

Non-Executive Director

Independent

Shareholder

3.

Mr. Mohammed Yusef Al Harthy

Representative of a juristic person

Non-Executive Director

Independent

Shareholder

4.

Mr. Nasser bin Said Al Harthy

Representative of a juristic person

Non-Executive Director

Independent

Shareholder

5.

Mr. Salim bin Adey Al Ma’mari

Representative of Government

Non-Executive Director

Independent

Shareholder

6.

Mr. Sultan bin Khalifa Al Tai

Representative of a juristic person

Non-Executive Director

Independent

Shareholder

7.

Mr. Abdullah Saleh Al Ghilani

Representative of a juristic person

Non-Executive Director

Independent

Shareholder

8.

Mr. Wassem Salah Qraeen

Representative of a juristic person

Non-Executive Director

Independent

Shareholder

Immediately after the conclusion of the Annual Ordinary General Meeting the newly elected Directors held a Board Meeting in which the newly elected Board resolved that, Mr. Suleiman Salim Al Adi – Chairman and Mr. Salim Adey Al Ma’mari- Vice Chairman of the Board of Al Batnah Hotels Company SAOG. The Audit committee chairman is Mr. Suleiman Salim Al Adi.

7. Deloitte is appointed as Statutory Auditor for the financial year ending 31 December 2015.

 

Muscat Exchange News Contribution Time: 15-Mar-2015 05:20 (GMT)