Oman Cement Co. - OCOI

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 Tuesday, the 21st March 2017 at Oman Chamber of Commerce and Industry (Muscat Hall) at 3.00 PM, to discuss the following agenda:

1. Consideration and approval of the Report of the Board of Directors for the financial year ended 31st December 2016.

2. Consideration and approval of the Corporate Governance Report for the financial year ended 31st December 2016.

3. Consideration of the Auditors Report and approval of the Statement of Financial Position and Statement of Comprehensive Income for the financial year ended 31st December 2016.

4. Consideration and approval of the proposal to distribute cash dividends to the shareholders existing on the date of annual general meeting at the rate of 30% of the capital, i.e. Bzs 30 per share.

5. Approval of sitting fees for the Board of Directors and its sub committees for the year ended 31st December, 2016 and determination of sitting fees for the year 2017.

6. Consideration and approval of director’s remuneration at RO. 140,000 for the year ended 31st December, 2016.

7. Inform the meeting of related party transactions during the financial year ended 31st December, 2016 for approval.

8. Consideration and approval of related party transactions proposed for the financial year ending 31st December 2017.

9. Appointment of the auditors of the company for financial year ending 31st December 2017 and fixing their fees.

10. Approval of performance appraisal criterion for evaluating the performance of Board of Directors.

11. Appointment of consultants for third party appraisal of performance of Board of Directors for the year ending 31st December, 2017 and approval of their fees.

The authorization to attend the general meeting and vote on its resolutions is ONLY by using the proxy attached, if the authorized is a natural person he is required to attach with the proxy card, copy of the ID for adults, passport for females and minors who do not carry ID card, and the resident card or passport for expatriates. If the proxy is a juristic person, then the proxy card shall be signed by the authorized signatories and sealed with company seal with commercial registration certificate and authorized signatories form. Shareholder’s are requested to be at the meeting hall at least half an hour before the time fixed for the meeting.

For queries please contact Board Secretary at Phone No. 24437070-Ext: 123.