Salalah Beach Resort Statement of the AGM Decisions

18/03/2014 09:28 AST

The following is a statement of the most important decisions taken at the Annual Ordinary General Meeting of Salalah Beach Resort SAOG, held on 17th March, 2014 and according to the disclosure requirements set by the Capital Market Authority:

1. Approving the Board of Directors report for the fiscal year ended 31 December 2013.
2. Approving Corporate Governance report for the fiscal year ended 31 December 2013.
3. Approving the Auditor’s Reports and the Balance Sheet and Profit & Loss Account for the fiscal year ended 31 December 2013.
4. Approval of cash dividend of 15% on paid up share capital of the company (amounting to Baizas 150 per share) for the financial year ended 31st December 2013.
5. Approving the sitting fees for the board of directors and its emanating committees, amounting to OMR. 13,800 (Thirteen Thousand Eight hundred Omani Riyal only) for the fiscal year ended 31 December 2013, as well as approving the sitting fees for the Board meeting and its emanating committees with amount of OMR.500 per person per meeting attended for the current fiscal year that ends on 31 December 2014.
6. Approving the company’s dealings with the related parties during the fiscal year ended on 31 December 2013.
7. Election of directors for a term of years up to March 2017. The following were elected as Directors:
Mohammed Ghuloom Ahmed Khoori
Abdul Alim Mustahail Rakhyoot
Narendra Keshavji
Khalid Al Rawas
Anil Bhardwaj
Richard Rory O Connor
Habib Mohammed Habib
8. Appointing M/s Deloitte & Touche ME, as the Auditing company for the current fiscal year which ends on 31 December 2014.

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