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

Bank Muscat SAOGAnnouncement

18/03/2026 07:00

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RNS Number : 1188X  BankMuscat (S.A.O.G)  18 March 2026

Date: 18(th) March, 2026

 

 

RESOLUTIONS

 

 

First: Extraordinary General Meeting of the Shareholders of bank muscat held
on Tuesday, 17(th) March, 2026:

 

 

1.    Approved the proposed increase of the authorized share capital of the
Bank from  800,000,000/- (Omani Rials Eight hundred million) to
1,200,000,000/- (Omani Rials One billion and two hundred million) and amend
the Articles of Association accordingly. The proposed amendment shall not,
however, be effective and valid unless have been approved by the regulatory
bodies.

 

RESOLUTIONS

 

 

Second: Annual Ordinary General Meeting of the Shareholders of bank muscat
held on Tuesday, 17(th) March, 2026:

 

1.         Considered and approved the Report of the Board of
Directors for the financial year ended 31(st) December, 2025.

 

2.         Considered and approved the Report on Corporate Governance
for the financial year ended 31(st) December, 2025.

 

3.         Considered the Auditor's Report and approved the Balance
Sheet and Profit and Loss Accounts for the financial year ended 31(st)
December, 2025.

 

4.         Considered the report of the Shari'a Supervisory Board of
Meethaq, the Islamic Banking window, for the financial year ended 31(st)
December, 2025.

 

5.         Considered and approved the recommendation to distribute
cash dividend of 18 Baiza for each ordinary share for the financial year ended
31(st) December, 2025, aggregating to a total cash dividend of 135.115
million.  The Bank shall transfer the approved cash dividends to Muscat
Clearing and Depository Company (MCDC) on the next working day after the
meeting, following which MCDC shall transfer the dividends to shareholders'
bank accounts, in accordance with applicable regulatory requirements, within
seven working days from the date of the meeting.

 

6.         Considered and ratified the sitting fees for the Board of
Directors and its committees' meetings for the financial year ended 31(st)
December, 2025 and fixing sitting fees for the current financial year.

 

7.         Considered and approved the Board of Directors'
remuneration of 300,000 for the financial year ended 31(st) December, 2025.

 

8.         Considered and approved the Related Party Transactions that
will be concluded during the financial year ending 31(st) December, 2026.

 

9.         Considered and approved the criteria for measuring the
performance of the Board of Directors for the financial year ending 31
December 2026.

 

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 2026, and determined their fees.

 

11.       Approved the appointment of (KPMG) 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, 2026 and fixed their fees, subject to the applicable regulatory
approvals.

 

 

 

 

 

 

Secretary to the AGM

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