بيان الإفصاح عن إجتماع الجمعية العامة السنوية

An Annual General Meeting (AGM) of the shareholders of Sembcorp Salalah Power and Water Company SAOG (the “Company”) was held on Tuesday 15 March 2016 at 3.30 p.m. at the Hormuz Grand Hotel, Muscat, Sultanate of Oman. The following resolutions were passed in AGM:

1.  The report of the Board of Directors of the Company for the year ended 31 December 2015 was approved.

2. The reports on Corporate Governance for the financial year ended 31 December 2015 were approved.

3. The financial statements (Balance Sheet and Profit & Loss Account) of the Company for the financial year ended 31 December 2015 were    approved.

4.  A proposed cash dividend of 3.5% for the shareholders from the share capital of the Company (equivalent to 3.5 Baizas per share) to shareholders listed in the shareholders’ register maintained by the Muscat Clearing and Depository Company SAOC as at 3 April 2016 was approved.

5. The shareholders authorised the Board of Directors of the Company to approve the payment of an interim dividend up to 10.3% (equivalent to 10.3 Baizas per share) of the issued share capital of the Company, from the audited accounts of the Company for the nine-month period ending on September 30, 2016 to shareholders listed in the shareholders’ register maintained by the Muscat Clearing and Depository Company SAOC as on 1 November 2016

6. The sitting fees for the Directors and the Sub-Committees of the Board for an amount of RO 19,500 for the financial year ended 31 December 2015 and the proposed sitting fee for the financial year 2016 was approved.

7. The Directors’ remuneration of RO. 100,000 for the financial year ended 31 December 2015 was approved.

8. The transactions and contracts entered into by the Company with related parties, for the year financial year ended 31 December 2015 were  approved.

9. The proposed transactions and contracts to be entered into by the Company with related parties, for the year financial year ending 31 December 2016 were approved.

10. The donation of RO 41,160 made to support community services during the financial year ended on 31 December 2015 was approved.

11. A budget of RO. 42,000 for the financial year 2016 towards charitable expenses was approved.

12. The appointment of KPMG as the auditors of the Company at a fee of RO. 9,770 for the financial year 2016 was approved.

13. The Following 9 Members were elected as members of the Board of Directors