We wish to inform you that Annual General Meeting (AGM) of Al Batnah Hotels Company SAOG held Sohar Beach Hotel – Sohar at 4.00 PM on Thursday, March 12, 2015, the following were the agenda of the meeting agreed and approved by the Shareholders of the Company.
- Approved the Board of Director’s Report for the year ended 31 December 2014.
- Approved the Code of Corporate Governance Report for the year 31 December 2014.
- The Auditors Report for the year ended 31 December 2014 was discussed, the Statement of financial position and Statement of comprehensive Income for the year ended 31 December 2014 was approved.
- Approved the proposed distribution of dividends for the financial year ended 31 December 2014 at the rate of 5% of the paid up capital of the company (being 50 Bzs per share).
- Approved the sitting fees paid to the Directors for the Board meetings, during the year ended 31 December 2014 and approved the sitting fees of the Board of Directors for the financial year ending 31 December 2015.
- Since the number of the nominees for Board Directorship was equal to the number of seats of the Board members, therefore the applicants have been elected unopposed without voting. Following are the names of Board of Directors:
|
No. |
Name |
Basis of membership |
Capacity of membership |
||
|
1. |
Mr. Sulaiman bin Salim Al Adi |
Representative of Government |
Non-Executive Director |
Independent |
Shareholder |
|
2. |
Mr. Sulaiman bin Ahmed Al Hoqani |
In personal Capacity |
Non-Executive Director |
Independent |
Shareholder |
|
3. |
Mr. Mohammed Yusef Al Harthy |
Representative of a juristic person |
Non-Executive Director |
Independent |
Shareholder |
|
4. |
Mr. Nasser bin Said Al Harthy |
Representative of a juristic person |
Non-Executive Director |
Independent |
Shareholder |
|
5. |
Mr. Salim bin Adey Al Ma’mari |
Representative of Government |
Non-Executive Director |
Independent |
Shareholder |
|
6. |
Mr. Sultan bin Khalifa Al Tai |
Representative of a juristic person |
Non-Executive Director |
Independent |
Shareholder |
|
7. |
Mr. Abdullah Saleh Al Ghilani |
Representative of a juristic person |
Non-Executive Director |
Independent |
Shareholder |
|
8. |
Mr. Wassem Salah Qraeen |
Representative of a juristic person |
Non-Executive Director |
Independent |
Shareholder |
Immediately after the conclusion of the Annual Ordinary General Meeting the newly elected Directors held a Board Meeting in which the newly elected Board resolved that, Mr. Suleiman Salim Al Adi – Chairman and Mr. Salim Adey Al Ma’mari- Vice Chairman of the Board of Al Batnah Hotels Company SAOG. The Audit committee chairman is Mr. Suleiman Salim Al Adi.
7. Deloitte is appointed as Statutory Auditor for the financial year ending 31 December 2015.
