The Board of Directors at Qatar Oman Investment Company has held its meeting on Monday, February 18, 2008 and has approved the preliminary financial results for the period ending December 31, 2007.

The preliminary financial results for the year 2007 revealed a net profit of QR 11.7 million and the Board of Directors has recommended transferring the profits into retained earnings in 2008.

The board has also made the following resolutions:

  1. The Board of Directors has presented the Committee’s report for the previous period included the investments in various areas such as capital markets, real estate and participation in other companies.
  2. The Board of Directors has presented the Investment Plans for the company.
  3. The Board of Directors has approved the 2008 budget, being the first budget for the company since its inception.
  4. The Board of Directors has presented various studies found in the agenda and decided to take the necessary decisions to let the company’s managements to perform the follow up.
  5. The Board of Directors has looked into the latest development concerning listing the company’s shares on Muscat Securities Market and performs the necessary coordination with the DSM.
  6. The Board of Directors has decided to participate in the Aluminum Project with 5% from capital which equates to QR 50 million