Qatar Oman Investment Company announces the results of its Board of Directors’ (BOD) meeting held on on 30/10/2011 and discuss the following Agenda :
1- Increase the share in Al – Tilal project from 5% to 10%
Qatar Oman Investment owned 900.000 shares, 5% (QR 13,851,127 )
The Board of Directors approved in the fifth meeting in 2011 to increasing the percentage of Qatar Oman Investment in Al Tilal , and after more study to buying 2.5 million shares, to bringing the total of the shares owned by the company to 3 million shares .
2 – Participation at Al Dar money exchange by 15%
The Board of Directors discussed this project in the meeting and decided to postpone the project to a later date.
3 – Participation in the Islamic Bank of Oman (Under Establishment)
The Board reviewed the offer to participate in the bank until after the completion of the establishment of the bank.
4 – Increase the share of the company in Qatar Driving Academy from 5% to 10%
The Board of Directors approved to increasing the percentage of Qatar Oman Investment in Qatar Driving Academy from 5% to 10%, and total amount QR 10.5 million .
5 – other new business
Following in the wise footsteps of H.H the Emir , Sheikh Hamad Bin Khalifa Al Thani and H.H the Heir Apparent , Sheikh Tamim Bin Hamad Khalifa Al Thani ,and in line with the Emir Decree to increase the salaries of the Qatari employees working in the Government sector and affirming the company commitment to invest in national manpower development , Qatar Oman Investment Co Board of Directors has decided to give all the company””s Qatari employees a salary increase of 60% on both their basic salary and social allowance . This increase will motivate the Qatari employees and will eventually be conducive to an ideal working environment . This step has also been taken with a view to attracting Qatari nationals to work in the company ,play an active role in the development of the work and participate in the economic boom witnessed by the State of Qatar .