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 of the Company Annual General Meeting (AGM) to be held at 5.00 pm on Sunday 12 March 2017 at the Maha Room at Crown 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 2016.

2. To consider and approve the Corporate Governance Report for the financial year ended 31 December 2016.

3. To consider the Auditors’ Report and approve the Financial Statements for the year ended 31 December 2016.

4. To consider and note the transactions carried out by the Company with related parties during the financial year ended 31 December 2016

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 criteria to appraise the Company's Board of Directors

7. 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 2017 and approve their remuneration.

8. To appoint the statutory auditors for the financial year ending 31 December 2017 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 Salaheddine Ahmedi on telephone number +968 2469 3890 for any further information.