The Board of Directors of Qatar Oman Investment Company is pleased to invite Shareholders to attend the Ordinary and Extraordinary General Assembly Meeting to be held at the Diplomatic Club – Rochnah Hall at 6:30 pm on Monday, 21/3/2011 In case the quorum is not met, an alternate meeting will be held on Monday, 28/3/2011,in the same time and venue to discuss the agenda of the ordinary General Assembly meeting and the agenda of the non – ordinary General Assembly meeting .
Agenda of the Ordinary General Assembly meeting
1 – Chairman speech and Board of Directors report about the activity of the company and its financial position ended December 31, 2010 and future plan of the company.
2 – Report by the External Auditor .
3 – Discussion on Audited financial statement and profit and loss for the year ended December 31, 2010 .
4 – Approval on the Board proposal for distribute of 5% cash dividends which representing 50 Dirhams per share in addition to distribution 5% Bonus share which representing 1.5 million shares .
5 – Discharge of the members of the Board of Directors for the financial year ended December 31, 2010.
6 – Approve the appointment of external auditor for 2011 and determination of the annual fees.
Agenda of the Non – Ordinary General Assembly meeting
1 – Increase of paid – up Capital of 1,5 million shares which represents 5% of paid – up capital .
Total capital will end up by QR 315 million divided by 31.5 million shares .
Accordingly Article of Association and joint venture will be amended .
2- Amendment of article ( 8 ) of joint venture agreement defining minimum ownership of share by each shareholder as follows :
” Maximum ownership of share by each shareholder will be 5% of total shares ( 31.5 million shares ) and minimum ownership 200 shares , whereas, not allowed for any ordinary person or any entity to hold more than 5% and less than 200 share .
The shareholder are requested to re-adjust their position within one year from the date of the decision .
Exceptions :-
1- Inheritage and custodiam
2- Qatar Investment authority ( QIA ) is allowed to own shares in the company up to 20% of paid – up capital , also the Government of Sultant of Oman allowed to own 20% of paid – up capital .
All portfolio Investment considered as one portfolio , if managed by one ordinary person or if the founder in each portfolio one ordinary person .
In both cases , not allowed for Group investors to own more than 5% of total company shares .