Sign In
Last checked at 
22 Mar 2011 07:00
ο»Ώ
Β
Β
Β
Β
The following resolutions was passed in the Annual General Meeting held on March 21, 2011
Β
Β
1. Approval of the Report of the Board of Directors for the financial year ended 31st December, 2010.
Β
2. Approval of the Corporate Governance Report for the financial year ended 31st December, 2010.
Β
3. Approval of the Auditor's Report and the audited financial statements for the financial year ended 31st December, 2010.
Β
4. Approval of the distribution of cash dividend at the rate of (25%) of the issued share capital of theΒ Bank (being 25 Baisa per share) for the financial year ended 31st December, 2010.
Β
5. Approval of the Board of Directors' recommendation to distribute stock dividend at the rate of (15%) per share of the issued share capital of the Bank (being 15 bonus shares for each 100 shares) for the financial year ended 31st December, 2010.
Β
6. Approval of the sitting fees for the Board of Directors and its committees'meetings for the financial year ended 31st December, 2010 amounting to RO. 63,550/- and fix sitting fees for the financial year 2011.
Β
7. Approval of the Board of Directors' remuneration of RO. 136,450/- for the financial year ended 31st December, 2010.
Β
8. Approval of the Related Parties' Transactions for transactions concluded during the financial year ended 31st December, 2010.
Β
9. Approval of the Board of Directors' recommendations to lease two branch premises from a related party (2010-2015) on yearly renewable leases at the same rental amounts subject to the requirements of the Bank.
Β
10. Approval of the reappointment of PrcewaterhouseCoopers as auditors for the financial year ended 2011 and approval of their remuneration.
Β
Follow the stocks
