Resolutions of the Annual Ordinary General Meeting

The Annual Ordinary General Meeting of Al Maha Petroleum Products Marketing Co. SAOG was held on 22 March 2016 at Intercontinental Hotel Muscat & resolved the following :-

1-  Approved the Board of Directors Report for the financial year ended 31 December 2015.

2-  Approved the Corporate Governance Report for the financial year ended 31 December 2015.

3-  Approved the Auditor's report, balance sheet and profit & loss account for the financial year ended 31 December 2015.

4-  Approved the distribution of cash dividend of Baiza 100 per share ( 100% of the share capital ) for the financial year ended 31 December 2015.

5-  Approved the sitting fees paid to the Directors for attending the meetings of the Board of Directors and its committees in the financial year ended 31 December 2015 & also approved the sitting fees which shall be paid to the Directors for attending the meetings of the Board of Directors and its committees in the financial year ending 31 December 2016.

6-  Approved the Board of Directors remuneration of RO 150,500 for the financial year ended 31 December 2015.

7-  Approved the transactions carried out with related parties in the financial year ended 31 December 2015.

8-  Approved the donations contributed towards supporting the services provided to the Society during the financial year ended 31 December 2015.

9-  Approved donations which will not exceed fifty thousand Riyal Omani for the financial year ending 31 December 2016.

10- Approved the appointment of Ernst & Young as statutory auditors for the financial year ending 31 December 2016 & fixed their fees at RO 11,200 .

11- Elected a new Board of Directors as follows :-

newbod2016

(From Left)

  1. Mr.Mohammad Fareed Hussain Al-Darwish (Managing Director)
  2. Mr.Gamal Aly Aly Al-Gamal (Deputy Chairman)
  3. Dr.Juma Ali Juma Al-Juma (Chairman)
  4. Mr.Saleh Nasser Juma Al-Araimi
  5. Mr.Saif Salim Saif Al-Harthi
  6. Mr.Mohammed Ali Said Al-Qassabi
  7. Mr.Sultan Khalifa Saleh Al-Tai

Following its election , the Board of Directors met & elected Dr. Juma Ali Juma Al-Juma as Chairman of the Board & Mr.Gamal Aly Aly Al-Gamal as Deputy Chairman.