REG - BankMuscat (S.A.O.G) - AGM Resolutions

Bank Muscat SAOGAnnouncement

22/03/2023 14:15

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RNS Number : 8980T  BankMuscat (S.A.O.G)  22 March 2023

RESOLUTIONS

 

 

Annual Ordinary General Meeting of the Shareholders of bank muscat held on
Wednesday, 22(nd) March, 2023:

 

1.         Considered and approved the Report of the Board of
Directors for the financial year ended 31(st) December, 2022.

 

2.         Considered and approved the Report on Corporate Governance
for the financial year ended 31(st) December, 2022.

 

3.         Considered the Auditor's Report and approved the Balance
Sheet and Profit and Loss Accounts for the financial year ended 31(st)
December, 2022.

 

4.         Considered the report of the Shari'a Supervisory Board of
Meethaq, the Islamic Banking window, for the financial year ended 31(st)
December, 2022.

 

5.         Considered and approved the recommendation to distribute
cash dividend of 15 Baiza for each share for the financial year ended 31(st)
December, 2022.

 

6.         Considered and ratified the sitting fees for the Board of
Directors and its committees' meetings for the financial year ended 31(st)
December, 2022 and fixing sitting fees for the current financial year.

 

7.         Considered and approved the Board of Directors'
remuneration of RO. 300 K for the financial year ended 31(st) December,
2022.

 

8.         Considered and approved the Related Party Transactions that
will be concluded during the financial year ending 31(st) December, 2023.

 

9.         Considered and approved the criteria for measuring the
performance of the Board of Directors for the financial year ending 31
December 2023.

 

10.       Approved the appointment of an independent entity to evaluate
the performance of the Board of directors and its subcommittees for the fiscal
year ending on 31 December 2023, and determined their fees.

 

11.       Approved the appointment of (E&Y) as the statutory
auditors for the Bank and the external independent Sharia auditors for
Meethaq, the Islamic banking window of the Bank, for the financial year ending
31(st) December, 2023 and fixed their fees, subject to the applicable
regulatory approvals.

 

 

 

 

Secretary to the AGM

 

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