Qatar Oman Investment Company announces the results of its board of directors meeting held on Wednesday, October 21, 2009.
The following resolutions were passed:
(1) The Board has discussed and approved the interim financial statements for the period ended 30 Sep 2009.
(2) Siraj Company Latest developments.
The final approval from Abu Dhabi Central Bank was obtained during June 2009. The company started operations and the authorized capital was reduced from AED 1 billion to AED 500 million and the paid up capital was reduced from 50% to 25% or AED 126.5 million.
(3) Aluminum Company latest developments
The following was appointed: Board of directors, Chairman and Deputy Chairman. All kind of design and drawing have been completed for the nomination of contractor.