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Invitation to attend Annual General Meeting

Published on: May 12, 2020

The Board of Directors of the United Finance Co. SAOG is delighted to invite the shareholders of the company to attend the Annual General Meeting of UFC scheduled to be held on Sunday, 31st March 2019 at 5:00 PM in the Auditorium at the company's Head Office, Wattayah to consider the following agenda:

  1. To consider and approve the Report of the Board of Directors for the financial year ended on 31.12.2018.
  2. To consider and approve the Report on Corporate Governance for the financial year ended on 31.12.2018.
  3. To consider the Statutory Auditor's Report and approve the audited Balance Sheet and Profit & Loss Account for the financial year ended on 31.12.2018.
  4. Approve the sitting fees paid to the Board of Directors for attending the Board and the Board Committee meetings for the financial year 2018 and to approve the sitting fees for the current financial year 2019 (as per annexure).
  5. To notify the meeting with the related parties transactions during the financial year ended at 31.12.2018.
  6. To consider and approve the Board of Directors performance report for the financial report for the year ended 31.12.2018.
  7. To appoint an independent expert to assess the performance of the Board of Directors for the financial year 2019 and determine his remuneration.
  8. To appoint Statutory Auditors for the financial year 2019 and specify their fees.
  9. Election of the members of the Board of Directors of the company (from among the shareholders or non-shareholder). Anyone who wishes to stand as a candidate shall fill the form prepared for this purpose and submit it to the company at least two days prior to the Annual General Meeting on or before Wednesday 27th March 2019. Forms submitted after this date will not be accepted. Where the candidate is a shareholder, the article of Association of the company requires that he owns 100,000 shares at the date of the meeting.

Pursuant to the company's Articles of Association, every shareholder has the right to authorize in writing any other person to attend the meeting and vote on the decisions taken on his behalf provided that such authorization should be on the authorization card issued from Muscat Clearing and Depository Co. SAOC, (MCDC) attached with the invitation letter for the adults and passport for ladies and minors who do not have ID, resident card or passport for non-Omani. For legal entities, the proxy form should be stamped and signed by an authorized signatory of the legal entity and the commercial registration certificate and list of authorized signatories should be attached along with the proxy form.

The shareholders are requested to be present at least half an hour before the time of the meeting. In case of any enquiry, please contact Mr. Ali bin Jaffar bin Mohammad on (968) 24577373, Mobile No: (968) 99245088, Fax No. (968) 24560885.

Important note:

We would like to inform you that the Investor's Trust Fund register at the MCDC indicates that there are outstanding sums, which have not yet been claimed from MCDC by certain shareholders. The joint-stock companies deposit the dividend amount due to the investors who do not collect the same within six months from the date of dividend warrant, into the Investors' Trust Fund. Therefore, every shareholder is hereby requested to refer to MCDC to enquire for any amount due to them.

 

For Official Notification, please click here.