OHTS
OMAN HOTELS AND TOURISM COMPANY SAOG
Important Decisions Taken at the AGM of Oman Hotels & Tourism Co. SAOG
The Annual General Meeting of Oman hotels & Tourism Co. SAOG held on 16th March 2015 at 5:00 PM at Al Falaj Hotel .
The shareholders unanimously approved the following decision:
1. The Directors’ Report for the financial year ended 31st December 2014.
2. The Auditor Certified Corporate Governance Report for the financial year ended 31st December 2014.
3. Auditor’s Report and the Consolidated Financial Statements of the company for the year ended 31st December 2014.
4. To ratify the sitting fees paid to the Board of Directors for the Board Meetings , executive Committee Meeting and the Audit Committee Meetings held during the financial year ended 31st December 2014 and determining the proposed fees payable for such meetings for the financial year ending 31st December 2015, as per the following details :
Board meetings:
Chairman RO 600
Member RO 500
Committees:
Chairman RO 400
Member RO 350
5. The proposed remuneration of RO. 95,211 payable to the Board of Directors for the financial year ended 31st December 2014.
6. To ratify the actual transactions with the Related Parties for the financial year ended 31st December 2014, as per list enclosed.
7. The proposed transactions with the Related Parties for the financial year ending 31st December 2015, as per list enclosed.
8. To ratify the donations and charity paid for the financial year ended 31st December 2014, as per details enclosed.
9. To authorize the Board of Directors for payment not exceeding RO. 15000 towards donations and charity for the financial year ending 31st December 2015.
10. Election of a new member to the Board:
No nominations were received for the nomination and it was agreed that a temporary Director will be appointed in the next Board meeting till the next AGM.
11. To approve of the appointment of statutory auditors M/s. Ernest & Young for the financial year ending 31st December 2015 and approved their fees RO 8000.
