Notice of Annual General Meeting
Updated : 22:25
Notice and Invitation to Attend the Annual General Meeting
The Board of Directors of BANK MUSCAT ( the "Company") has the pleasure to invite the shareholders to attend the Annual General Meeting , which will be held on Wednesday at 03:00 PM on 22/03/2023, via the electronic platform which can be accessed through the website of Muscat Clearing & Depository Company (www.mcd.gov.om) . If the quorum requirement for holding the Annual General Meeting is not fulfilled, a second Annual General Meeting General Meeting shall be held on Thursday at 03:00 PM on 23/03/2023, via the electronic platform which can be accessed through the website of Muscat Clearing & Depository Company (www.mcd.gov.om) to discuss the following agenda:
Annual Ordinary General Meeting Agendas:
1. To consider and approve the Board of Director's Report for the financial year ended 31 December 2022
2. To consider and approve the Corporate Governance Report for the financial year ended 31 December 2022
3. To consider the Auditor's Report and to approve the Financial Statements (Balance Sheet and Profit and Loss Accounts) of the Bank for the financial year ended 31 December 2022
4. To consider the report of the Shari'a Supervisory Board of Meethaq, the Islamic Banking window, for the financial year ended 31 December 2022
5. To consider and approve the proposed cash dividend to the shareholders, as on the date of the meeting, amounting to 15 baisa for each share for the financial year ended 31 December 2022
6. To consider and ratify the sitting fees for the Board of Directors and its committees' meetings for the financial year ended 31 December 2022 and approve sitting fees for the current financial year
7. To consider and approve the proposal of distributing the total sum of RO (300,000/-) as remuneration for the Board of Directors of the Bank for the year ended 31 December 2022
8. To consider and approve the Related Party Transactions that will be concluded during the financial year ending 31st December 2023
9. To approve the criteria for measuring the performance of the Board of Directors for the financial year ending 31 December 2023
10. To appoint an independent entity to evaluate the performance of the Board of directors for the fiscal year ending on 31 December 2023, and determine their fees
11. To appoint 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 December 2023 and fixing their fees, subject to the applicable regulatory approvals
According to the Company's Articles of Association and the controls for holding General Meetings using modern technology issued by the capital market authority, we would like to draw your attention to the following:
1. Legal person, exclusively, has the right to delegate a natural person to attend the General Meeting and vote on its behalf through technical means, provided that this natural person has an investor number in MCDC.
2. Voting on any of the agenda items begins no more than three days before the date of the General Meeting until the voting process ends on the day of the General Meeting. If the shareholder's shares are increased or decreased, the voting process will be canceled, and the shareholder will have to vote again on the day of the General Meeting.
For further information please contact on telephone No 92886673 or email: Ayman@bankmuscat.com
Chairman Legal Advisor External Auditor
Khalid Mustahail Al Mashani Bank Muscat / Legal Ernst & Young
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.