The Annual General Meeting of United Finance Company SAOG was held on 31st March 2010 at the Auditorium of the company’s Head Office at Wattayah - Muscat and the following items were approved by the shareholders: - Approved the Report of Board of Directors for the financial year ended 31st December 2009;
- Approved Corporate Governance Report for the financial year ended on 31st December 2009;
- Approved Audited Financial statements including auditors report for the financial year ended on 31st December 2009;
- Approved distribution of bonus shares to the shareholders at 6.91% of the capital.
- Approved sitting fees paid for the year 2009 and the sitting fees for Board and Board Committees for the year 2010.
- Approved the related party transactions for the year 2009.
- Approved the election of the following members as Board of Directors of the company:
Sheikh Suliman Ahmed Al Hoqani, representing self Mr. Behram Keki Divecha, representing self Mr. Eihab Maqbool Hameed Al Saleh, representing Oman Hotels & Tourism Co. SAOG Mr. Nasser Ahmed Al Hoqani, representing First National LLC Mr. Ranga Gorur, representing self Mr. Ahmed Mohamed Mansoor, representing Al Salem Co.Ltd, Sharjah Mr. Fayez Mustafa Mohd Hassan, representing Al Saud Company Ltd, Sharjah These Board appointments are subject to approval by Regulatory Authorities. 8. Approved the appointment of Pricewatehousecoopers as External Auditors of the company for the financial year ended 31st December 2010. The Board of Directors met after the AGM and appointed Shaikh Suliman Ahmed Al-Hoqani as Chairman of the Board and Mr. Behram Keki Divecha as Deputy Chairman.
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