INVITATION FOR ANNUAL GENERAL MEETING
INVITATION FOR ANNUAL GENERAL MEETING
The Board of Directors of Oman Cement Company (SAOG) has the pleasure to invite the respected shareholders to attend the Annual Ordinary General Meeting on Thursday, the 23rd March 2023 at 5:00 through an electronic portal of Muscat Clearing & Depositary (www.mcd.gov.om), in case the quorum is missed the next AGM will be held on Sunday 26th March 2023, at 5.00 pm, through electronic portal of Muscat Clearing & Depositary (www.mcd.gov.om) to discuss the following agenda:
1. To consider and approve the Board of Director’s Report for the financial year ended 31st December 2022
2. To consider and approve the Corporate Governance Report for the financial year ended 31st December 2022
3. To consider the Auditor’s Report and to approve the Financial Statements of the Company for the financial year ended 31 December 2022.
4. To consider and approve the proposed cash dividend to the shareholders, as on the date of the meeting, amounting to 10 baisa for each share for the financial year ended 31st December 2022.
5. Ratification of sitting fees for the Board of Directors and its sub committees for the year ended 31st December 2022 and determination of sitting fees for the year 2023.
6. To consider and approve the proposal of distributing the total sum of RO 242,000 as remuneration for the Board of Directors of the Company for the year ended 31 December 2022.
7. Inform the shareholders about the related party transactions during the financial year ended 31st December 2022
8. Review the related party transactions proposed for the financial year ending on 31st December 2023 for approval
9. Appointment of the auditors of the company for financial year ending 31st December 2023 and fixing their fees.
According to the Company’s Article of Association and the procedures issued by CMA for conduction AGM using modern technology, we would like to draw your kind attention to the following:
- A juristic person, exclusively, has the right to delegate a natural person to attend the AGM and vote on his behalf through electrical channel, provided that this natural person has an investor number in the MCD.
- Voting in any of the agenda’s items shall start three days before the date of the meeting until the end of the voting process on the day of the meeting.
- Respected shareholders are kindly requested to enter the website half an hour before the scheduled time of the meeting.
For queries, please contact Ms. Afnan Al Mughairi, Board Secretary at Phone No. 24437779 or 24437070-Ext: 441.