The assembly, held on-line by way of the digital platform for holding normal conferences, was chaired by Eng. Abdul Hafidh Salim Rajab Al Aujaili, Chairman of the Board, and attended by the board members, senior administration of the financial institution and shareholders.
The Annual General Meeting (AGM), authorized the report of the Board of Directors of the financial institution on the enterprise and monetary place of the financial institution for the monetary yr ended thirty first December 2020.
The assembly authorized the cash dividend, which will probably be distributed to the shareholders, on the fee of 4 baisas per share. The assembly delivered to the eye of Shareholders the transactions during which the financial institution entered with associated events through the monetary yr ended thirty first December 2020.
The sitting charges being availed by the members of the Board of Directors and members of the board sub-committees together with the members of the Sharia Supervisory Board for the monetary yr ended December 31, 2020, have been ratified and the sitting charges for the subsequent monetary yr have been specified.
The assembly authorized the proposed Directors’ remuneration of OMR 300,000 for the monetary yr ended December 31, 2020.
Additionally, the donations paid to assist area people providers for the monetary yr ended December 31, 2020, have been delivered to the eye of the shareholders.
The assembly additionally authorized allocating OMR 120,000 for supporting area people providers for the monetary yr ending December 31, 2020.
The assembly additionally agreed to nominate the exterior auditors and sharia exterior auditors for the monetary yr 2020 and specified their charges.