Extraordinary Meeting and Annual Ordinary General Meeting held at Grand Hyatt, Muscat, at 3:00 pm on Tuesday, 24^th March 2015:

First Meeting: Extraordinary Meeting

The shareholders’ approved the following in the EGM

1)     The amendment of the bank’s Articles of Association for increase in authorized capital from RO 150 Million to RO 250 Million.

2)     The reduction of the Board size from nine members to eight members and the amendments to the Articles of Association of Ahli Bank SAOG accordingly.

3)     (i) the possibility of conversion of Basel III compliant, Tier II capital (subordinated debt) into shares of Ahli Bank SAOG at the point of non-viability, at the instruction of CBO, and (ii) the conversion price & conversion formula as presented.

Second Meeting: Annual Ordinary General Meeting

The shareholders’ approved the following in AGM:

1)     The Board of Directors' Report for the year ended 31 December 2014.

2)     The Corporate Governance Report for the year ended 31 December 2014.

3)     The Auditors’ Report, Statement of Financial Position and the Statement of Comprehensive Income for the financial year ended 31 December 2014.

4)     The distribution of bonus shares of 10% of the share capital of the bank (10 shares for each 100 shares).

5)     The Payments of sitting fees for the Board of Directors and Board Sub-Committees Meetings held during the financial year 2014 and the sitting fees of the Board of Directors and Board Sub-Committees for the financial year 2015.

6)     The payment of RO 163,700 as Board remuneration for the financial year ended 31 December 2014.

7)     Ratified the payments of remuneration and sitting fees to the Sharia Supervisory Board for the financial year ended 31 December 2014.

8)     The appointment of the following Sharia Supervisory Board members;

         i.Dr. Fareed Mohammed Hadi  - Chairman

         ii.Dr. Ahmed Mohiyeldin Ahmed – Member

         iii.Dr. Abdulrauf Abdullah Hamood Al Tubi –Member

         iv.Dr. Mohammed Taher Mohammed Al Ibrahim Member

 and their remuneration and sitting fees for the financial year 2015.

9)     The Sharia Supervisory Board report for the financial year ended 31 December 2014

10)   The related party transactions entered into by the Bank during the financial year 2014.

11)   Donations to various charitable organizations during the financial year 2014.

12)   The Board of Directors proposal to set aside RO 100,000 for charitable and social contribution during the financial year 2015.

13)   The appointment of Ernst & Young as Auditors and External Sharia Auditors for the financial year ended 31 December 2015 and their fees. 

14)   The shareholders elected Mr. Anwar Hilal Hamdoon Al Jabri as a member of the Board of Directors of the Bank for the vacant position.