Brief Minutes of the Annual General Meeting of the shareholders of Al Fajar Al Alamia Co. SAOG held at 5.00 p.m. on Wednesday, 30th September 2015 at the Business Hall, Capital Market Authority
With the requisite quorum (75.67%), the Auditors and the Legal Advisors being present, the Meeting commenced with Mr. Saleem bin Qassim bin Ahmed Al Zawawi in the Chair.
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The shareholders considered and approved the Chairman’s Report for the financial year ended 30th June 2015.
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The shareholders considered and approved the Report on Corporate Governance for the financial year ended 30th June 2015.
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The shareholders considered the Auditors’ Report and approved the Consolidated Balance Sheet and Profit & Loss Account for the financial year ended 30th June 2015.
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The shareholders considered and approved cash dividend of 5% of the paid up share capital of the company equivalent to baiza 5 for each share.
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The shareholders considered and approved Sitting Fees paid to Directors’ for the financial year ended 30th June 2015 and proposed Director’s Sitting Fees for the financial year ending 30th June 2016.
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The Meeting ratified the transactions with the related parties during the financial year ended 30th June 2015.
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The transactions with the related parties which the company expects to carry out during the financial year ending 30th June 2016 were considered and approved.
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The shareholders considered and approved transfer of RO.40,000/- to the Special Reserve out of the net profits of the company for the financial year ended 30th June 2015.
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The shareholders elected Mr. Abdullah Humaid Al Ma’mmary as Director of the company to fill a vacant place to hold office till the Ordinary Annual General Meeting for the year ending 30th June 2017.
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The shareholders approved appointment of Moore Stephens as Auditors of the company for the financial year ending 30 June 2015 at an annual fee of RO.13,000/-.
There being no other agenda to transact, the Meeting concluded.
30th September 2015
