Invitation to the Annual General Meeting

The Board of Directors of Dhofar International Development & Investment Holding SAOG is pleased to invite all shareholders of the Company to attend the Annual General Meeting which scheduled to be held at 5.00 PM on Monday, 30^th  March 2015 at Hamdan Plaza Hotel Salalah to consider the following agenda:

1. To consider and approve the Report of the Board of Directors for the financial year ended by 31^st   December 2014.

2. To consider and approve the Corporate Governance Report for the financial year ended by 31^st  December 2014.

3. To consider the Auditors’ Report and approve the Financial Statements (Financial Position Statement & comprehensive Income Statement)  for the year ended 31 December 2014.

4. To consider and approve a proposal of 18% cash dividend of the paid up capital  at the rate of 18 baizas per share (the share nominal value is 100 baizas).

5. To consider and approve a proposal of 12% stock dividend of the capital at the rate of 12 shares for each 100 shares. Resultant of foregoing spread, the number of the company capital’s shares will increase from 220,000,000 shares to 246,400,000 shares.

6. To ratify the payment of sitting fees for Board and Committees’ Meeting during the year 2014 and to determine the sitting fees for the financial year 2015 (pursuant to attached).

7. To approve the payment of Board Remuneration of RO.132,700 for the financial year ended 31/12/2014.

8. To notify the shareholders with related party transactions entered during the financial year ended by 31 December 2014 (pursuant to attached).

9. To approve the related party transactions to be entered during the current financial year ending on 31 December 2015 (pursuant to attached).

10. To notify the AGM with the donations paid to various charitable organizations during the financial year 2014  (pursuant to attached).

11. To consider the proposal to authorize the Board to set aside RO 150,000 to be paid to charitable organizations during the financial year 2015.

12. To elect new Members of the Board from amongst shareholders or non-shareholders. Any person who wishes to be nominated to the Board of Directors of the Company is required to fill in a Director’s Nomination Form. Such a form can be obtained from the Company. The completed Form should be submitted to the Company at least two working days prior to the date of the AGM of the Company (by the end of working hours on Wednesday 25th March 2015). The Company will not accept any application received after this date. If the candidate from shareholders, he should own a number of shares not less than (50,000) shares at the date of the AGM in accordance with company’s Articles of Association

13. To appoint Auditors for the financial year ending on 31^st  December 2015 and determine their fees.

     

    Pursuant to the Company’s Articles of Association, every shareholder has the right to authorize in writing any other person to attend the meeting and vote on the decisions taken on his behalf provided that such authorization should be on the authorization card issued from Muscat Clearing and Depository Co., attached with the invitation. If the authorized person is Omani citizen , he should attach copy of his ID with the authorization letter for the adults and passport for ladies and minors who do not have ID, residence card or passport for non-Omani. For legal entities the proxy form should be stamped and signed by an authorized signatory of the legal entity and the commercial registration and list of authorized signatories should be attached along with proxy form

    To prevent delay in starting the meeting shareholders are requested to arrive about half an hour before the scheduled meeting time.

     

    For further information please contact the administrative manager on telephone number 23295400.

     

    Notice: Joint stock companies must deposit the dividend amount due to investors that remains uncollected after the expiry of six months from the due date, into the Investors’ Trust Fund. Please note that each shareholder must contact the Muscat Clearing & Depository Company SAOC for any enquiry in respect of any such amounts due to him.

     

         Chairman                                         Auditors                                 Legal Advisor