Invitation for AGM for Raysut Cement Company(SAOG)
Date Posted
: 13/03/2008
Source
: RCC
The Board Directors of Raysut Cement Company(SAOG)are delighted to invite the shareholders of the company to attend Annual General Meeting scheduled to be held at 10 AM on Thursday 27th March 2008 at Hamdan Plaza Hotel, 3rd.floor at Salalah to Consider the Following Agenda :
1- Consider and approve the Board of Directors Report for the financial year ending 31st December 2007.
2- Consider and approve the Corporate Governance Report for the financial year ending 31st December 2007
3- Consider and approve the Auditors Report, the Profit and loss Account, and the Balance sheet for the financial year ending 31st December 2007
4- To consider and approve the Board of Directors recommendation to distribute cash dividends at the rate of 100% of share capital of the company (being 100 Baisa per share).
5- Approve the sitting fees of the Directors and Audit committee for the previous year and fix the sitting fees for the next financial year ending 31st December 2008 (as per the attached)
6- Consider and approve the Board of Directors’ remuneration of RO 185.600 for the financial year 2007.
7- Approve donations to be paid by Board of Directors at a maximum of about RO50000.And inform the share holders about the donation paid during 2007.
8-Inform the share holders of the Related party Transaction for the financial year ending 31st December 2007 (as per the attached)
9- Consider and approve the proposed Related Party Transaction during the financial year ending 31st December 2008 (as per the attached)
9- Appointment of the Auditors of the financial year ending 31st December 2008 and fix their fees.
Pursuant to the Articles of Association of the company, every shareholder may authorize any other person to attend the AGM on his behalf and vote on any resolution. Please attend to the meeting venue at least half-an hour before the meeting.
If you have any queries you may please contact Mr. Adel Yonus Mahmoud Tel.23219219.
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