Sharqiyah Desalination Co. - SHRQ

The Board of Directors of Sharqiyah Desalination Company SAOG (hereinafter referred to as the “Company”) is pleased to invite the Shareholders to the Company Annual General Meeting (AGM) to be held at 5.00 pm on Wednesday 7 March 2018 at the Maha Room at Crowne Plaza Hotel, Muscat, Sultanate of Oman, to consider the following agendas:

AGM agenda:

1. To consider and approve the Board of Directors’ Report for the financial year ended 31 December 2017.

2. To consider and approve the Corporate Governance Report for the financial year ended 31 December 2017.

3. To consider the Auditors’ Report and approve the Financial Statements for the year ended 31 December 2017.

4. To consider and note the transactions carried out by the Company with related parties during the financial year ended 31 December 2017.

5. To consider and ratify the Board and Committees’ sitting fees paid during the preceding year and specify the Board and Committees, sitting fees for the coming year.

6. To approve the evaluation report of the Independent Firm regarding the performance of the Company’s Board of Directors and its members for the financial year ending 31 December 2017.

7. Approve the criteria to appraise the Company’s Board of Directors and its members for the financial year ending 31 December 2018.

8. To appoint an Independent Firm to appraise the performance of the Company's Board of Directors and its members for the financial year ending 31 December 2018 and approve its remuneration.

9. To appoint the statutory auditors for the financial year ending 31 December 2018 and approve their remuneration.

In accordance with the Articles of Association of the Company, every shareholder has the right to appoint any other person as his proxy to attend the meeting and vote on his behalf by authorising such person in writing, by way of a proxy card issued by the Company. Any natural person should attach to the proxy card, a copy of his ID if adult male, and passport if female or minor who are not holding IDs and a copy of a resident card or passport for non-Omanis. For juristic persons, the proxy form shall be signed by one of the authorized signatories and sealed by the Company's stamp accompanied with copies of the commercial registration certificate and the specimen signature form. Please attend at least 30 minutes prior to the meeting. For more information, please contact Mr Nasser Al Habsi on telephone number +968 2495 0701 or Mr Aiman Al Zadjali on telephone number +968 2469 3890 for any further information.