Invitation for Annual Ordinary General Meeting of Shareholders

Al Maha Ceramics  S.A.O.G

The Board of Directors of Al Maha Ceramics S.A.O.G is delighted to invite the shareholders of the company to attend the Ordinary Annual General Meeting scheduled to be held at 5:00 pm Thursday,  March 19^th 2015 at the Crown Plaza, Muscat, sultanate of Oman to discuss the following agenda:-

1-      Consideration and approval of the report of Board of Directors for the financial year ended 31/12/2014.

2-      Consideration and approval of Corporate Governance Report for the financial year ended 31/12/2014.

3-      Consideration of the auditor’s report and approval of the statement of comprehensive income and statement of financial position for the financial year ended 31/12/2014.

4-      Consideration and approval of a proposal to distribute cash dividends (by the date of AGM) for the financial year ended 31/12/2014 at the rate of 35% of the share capital (35 Baizas for each share).

5-      To approve the distribution Bonus Shares of 5% of the capital (5 shares per100 shares). As a result, the number of shares will increase from50,000,000 shares to 52,500,000 shares.

6-      Approval of the sitting fees for the directors and the BOD subcommittees for the year ended 31/12/2014 and determination of the fees for the next year 2015 (enclosure No 1).

7-      Consideration and  approval of directors’ remuneration at RO 84,500 for the year ended 31/12/2014.

8-      Informing the meeting of the related party transactions during the financial year ended 31/12/2014 (enclosure No2) for approval.

9-      Consideration and approval of the proposed related party transactions during the financial year ended 31/12/2015 (enclosure No3)

10-  Approval of the donations paid during the financial year ending on 31/12/2014.

11-  Consideration and approval of giving donations up to a maximum of RO 15,000 (Fifteen Thousand) for the financial year ending   31/12/2015

12-  Appointment of statutory auditors for the company for the financial year ending 31/12/2015 and specify their fees.

13-  To elect the members of the Board of Directors of the Company (comprising shareholders or non-shareholders).

Anyone who wishes to stand as a candidate shall complete the form prepared for this purpose and submit it to the Company at least two working days prior to the Annual General Meeting on or before Monday, 16 March 2015. Forms submitted after this date will not be accepted. If the candidate is a shareholder it is required in accordance with the Articles of Association of the Company to be an owner of 50,000 shares of the Company’s Shares.

With reference to the company’s article of association, the authorization to attend the general meeting and vote on its resolution ONLY by using the proxy attached, if the authorized is a natural person he is required to attach with the proxy a copy of the ID card for adults, passport for females and minors who don’t carry ID card, resident card or passport for expatriates. With respect to a juristic person,   the proxy card shall be signed by an authorized signatory and stamped with company stamp with a copy of the commercial registration certificate and authorized signatories form.

Shareholders are requested to make themselves available at the venue at least half an hour before time.

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