Brief Minutes of Meeting of the Ordinary Annual General Meeting and the Extra-Ordinary General Meeting held on 31st March 2015
First: The Ordinary Annual General Meeting
The Ordinary Annual General Meeting for the financial year ended 31st December 2013 were held on Tuesday 31st March 2015 at the company premises at Rusail in presence and represence of 51.7% of the shares and the agendas have been discussed and decisions taken as following:
1. Consideration and approval of the report of the board of directors for the financial years ending on 31st. Dec. 2014: The report was considered and approved.
2. Consideration and approval of corporate governance report for the financial year ending on 31st. Dec. 2014: The report was considered and approved.
3. Consideration of the auditor's report and approval of the balance sheet and the profit and loss account for the financial year ending on 31st. Dec. 2014: The report was considered and approved.
4. Election of new Board members (from shareholders and non-shareholders): Elections did not take place since there were no candidates.
5. Appointment of the auditors of the company for the financial year ending on 31st. Dec. 2015 and specify their fees: From three offers received, M/s Baker Tilly MKM (Oman) has been selected and their fees have been determined.
The meeting was summed at 3:15 pm.
Second: The Extra-Ordinary General Meeting
Since the present shares were 51.7%, the meeting did not take place due to lake of qurom.
