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
|
|