AMII
AGM of Al Madina Investment Co. SAOG was held on Sunday, 28 June 2015 at 9.30 pm at Muscat Intercontinental Hotel, the following Decisions were taken:
The following is a summary of the concluded decisions:
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Approving of the Board of Director’s report for the financial year ended 31 March 2015
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Approving of the Corporate Governance report for the financial year ended 31 March 2015
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Approving of the auditor’s report of the financial statements position and statement of comprehensive income for the financial year ended 31 March 2015.
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Approving of the proposal to distribute cash dividends of (5%) at the rate of (5) Baisa per share.
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Approving of the sitting fees to the directors and sub committees for the financial year ended 31 March 2015 and determination of the sitting fees for the next financial year.
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Approving of related party transactions for the year ended 31 March 2015.
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Approving of appointed Price water House coopers as external auditor for the financial year ended on 31st March 2016. And pay R.O 8,800 as audit fees.