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Qatar-Oman Investment Co. Endorses Agenda
Items and Approves Distribution of 3% Cash Dividend
March 12, 2019
Qatar-Oman Investment Company
announced the results of its Ordinary and Extraordinary General
Assembly meetings held on Monday 11/3/2019, where it has
approved the following:
Ordinary General Assembly meeting
resolutions:
1-
Heard
the Chairman’s keynote, and discussed the final financial
statements ended 31 December 2018, as well as the company’s
future plans.
2-
Viewed and approved the External Auditor report on the company’s
budget and the accounts.
3-
Discussed and approved the audited financial statement and
profit and loss statement for the year ended 31 December 2018,
the profit reached QR 4,380,494.
4-
Approved the Board’s recommendation to distribute 3 % cash
dividends which represents QR0.30 Dirhams per share.
5-
Released members of the Board from liability for the financial
year ended 31 December 2018 and determined their remuneration.
6-
Discussed and approved the Corporate Governance report for 2018.
7-
Approved and appointed (Rodl) as external auditor for 2019, and
determined their annual fees.
Extraordinary General Assembly
meeting resolutions:
1)
Authorized the Board of Directors to amend article (8) of the
Articles of Association, in line with the Government directives
in the State of Qatar and the implementation of Law No. (9) for
the year 2014 amending provisions Law No. (13) for the year 2000
regulating the investment of non-Qatari capital in economic
activity 9/2014 after the approval of the supervisory sectors
and the government agencies.
2)
Authorized the Board of Directors to amend article (5) (6) (7)
(27) of the Articles of Association, to comply with the decision
of Qatar Financial Markets Authority board of directors
decision, to amend the value of the share to be One Qatari Riyal
instead of 10 Qatari riyal.
3)
Authorized the Board of Directors to implement the above
additions and amendments to the article of association.
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