Qatar-Oman Approves General Assembly Agenda Items and Okays 5% Cash Dividend

March 20, 2018

Qatar-Oman Investment Company announced the results of its Ordinary General Assembly meeting held on Monday, 19 March 2018. The following decisions were taken:

1-      The meeting was inaugurated by the Chairman’s opening address welcoming the attendees, then the assembly discussed the company's activities and the final financial statements for the period ended on 31 December 2017, as well as the company's future plans.

2-      Following that, the assembly listened to the External Auditor’s report on the company's budget, and the accounts submitted by the Board of Directors have been heard and approved.

3-      The assembly discussed and approved the audited balance sheet of the company and the profit and loss account for the year ended 31 December 2017 in which the profits amounted to QR 9,333,593.

4-      The Corporate Governance Report for 2017 was discussed and adopted, where none of the shareholders expressed any objections or observations.

5-      The Board of Directors issued its resolution approving the Board of Directors' proposals for a 5% cash dividend, which equals QR0.50 per share.

6-      The members of the Board of Directors have been relieved from liability for the financial year ended 31 December 2017 and their remuneration has been determined.

7-      The proposal from Ernst & Young was approved and the firm was appointed as the external auditor for 2018.

8-      Elections were held for new members of the Board of Directors during its new tenor 2018-2020. The members of the Board of Directors are as follows:

 

Members

Nationality

H.E. Sheikh Abdulrahman bin Mohammed bin Jabor Al Thani

Qatari, representing Qatar Holding

H.E. Saud Bin Nasser Al Shukaili

Omani Representative of the Government of Oman

Abdul Hadi Treheib bin Naifah Al Shahwani

Qatari Member of the Board of Directors

Abdul Razzaq Mohammed Al Siddiqui

Qatari Member of the Board of Directors

Khamis bin Mubarak Khamis Al Kiyoumi

Omani Member of the Board of Directors

Abdul Rahman bin Abdullah Al Ansari

Qatari Member of the Board of Directors

Abdullah Ali Abdulrahman Al Abdullah

Qatari Member of the Board of Directors

Ahmed Abdul Khaleq Ahmed Al-Ghamdi

Qatari Member of the Board of Directors