The AGM 2011 of Qatar Oman Investment approves the agenda

Qatar Oman Investment Company announced the results of the Ordinary and Extraordinary General Assembly Meetings was held on 21/03/2012 and has approved the following resolutions:

Decision of the Ordinary General Assembly meeting :

1-At the beginning the Chairman delivered his speech, by welcoming the attendees and explained the activities of the company addition the final financial statements ending 31December2011 . He was also explain the company future plan

2- The External Auditor explained the budget of the company and the accounts which presented to them by the Board of Directors and approved it .

3- Discussion of the audited  the financial statement   and profit and loss statement for the year ended December 31, 2011 , the profit reached QR 14,8 and approve it .

4- The General Assembly approve the Board  recommendation to distribute of 5% cash dividends which representing 50 Dirhams per share .

5- The General Assembly discharge the Board Members for  the  financial year ended December 31, 2011.

6- Proposal for the appointment of External auditor for 2012 and determined the annual fees (Delliote & Touche)

7- The General Assembly discuss the report of Corporate Governance for 2011and approve it .

8- Elections of members of the Board of Directors : : They have been taking votes for the election of new members of the Board of Directors of the new period (2012-2014 ) and the new Board members are:

1 – HE SheikhAbdul Rahman binMohammedbin JaborAl-Thani

(representative of the Government of Qatar and Chairman)
2 –HESaudbin Nasser Al Shukaily

(representative of the Government of Oman)
3 –Mr.Abdul HadibinTrihab binNayfehShahwani
4 –Mr. AbdulRazakbinMuhammad Al Siddiqi
5 –Mr.Khamis binMubarakAl kyumi
6 – Mr. Munir bin Abdul Nabi Makki

7 – Mr. Abdul Rahman bin Abdullah Al Ansari
8 – Mr. Abdullah Ali Abdullah

Decision of the non-Ordinary General Assembly meeting :

1 – The Boars approve to Amendment of article ( 29 ) of joint venture agreement as follows :

Before amendment

” At the first Board of Directors appointed Chairman of the Board by the founders and elected board members by secret ballot as his deputy in the first meeting of the Board, but in the sessions of the Board of Directors following the first Board of Directors elects its Board of Directors by secret ballot from among its members a Chairman and Vice-President replaces the President in his absence” and the presidency of the Board rotates between Qatar and the Oman for each session .

After amendment

” At the first Board of Directors appointed Chairman of the Board by the founders and elected board members by secret ballot as his deputy in the first meeting of the Board, but in the sessions of the Board of Directors following the first Board of Directors elects its Board of Directors by secret ballot from among its members a Chairman and Vice-President replaces the President in his absence” .