Sembcorp Salalah Power and Water Company

Board meeting
2015-04-27
The Board of Directors of Sembcorp Salalah Power & Water Company SAOG (“the Company”) is pleased to advise the Capital Market Authority, the Muscat Securities Market and the investor community of the following material resolutions made at the meeting of the Board of Directors (the “Board”) held on 27 April 2015:

a) The Board approved and authorised for issuance the Company’s Financial Statements and Management Report for the period ended 31 March 2015

Initial unapproved, unaudited results for 3 month period ended 31 March 2015
2015-04-15
The management of the Company is pleased to disclose its initial, unapproved, unaudited results for the period ended 31 March 2015, as required by the CMA Circular E/5/2014.

All figures in OMR millions

3 months period ended 31 March 2015

3 months period ended 31 March 2014

Percentage change

Total revenue

16.813

14.889

12.92%

Total expenses*

(14.092)

(12.371)

13.91%

Net profit after tax

2.721

2.518

16.90%

*Total expenses include income tax and is net of finance and other income.

Disclosure of the resolution of the Annual General Meeting of Sembcorp Salalah Power and Water Company SAOG
2015-03-24
An annual general meeting of the shareholders of Sembcorp Salalah Power and Water Company SAOG (the “Company”) was held on Monday 23 March 2015 at the Hormuz Grand Hotel, Muscat, Sultanate of Oman. The following resolutions were passed:
1. The report of the Board of Directors of the Company for the year ended 31 December 2014 was approved.
2. The reports on Corporate Governance for the financial year ended 31 December 2014 were approved.
3. The financial statements (Balance Sheet and Profit & Loss Account) of the Company for the financial year ended 31 December, 2014 were approved.
4. A proposed cash dividend of 4.2% for the shareholders from the share capital of the Company (equivalent to 42 Baizas per share) to shareholders listed in the shareholders’ register maintained by the Muscat Clearing and Depository Company SAOC as at 1 April 2015 was approved.
5. The sitting fees for the Directors and the Sub-Committees of the Board for an amount of RO 21,250 for the financial year ended 31 December 2014 and the proposed sitting fee for the financial year 2015 was approved.
6. The Directors’ remuneration of RO 84,800 for the financial year ended 31 December 2014 was approved.
7. The transactions and contracts entered into by the Company with related parties, for the year financial year ended 31 December 2014 were approved.
8. The proposed transactions and contracts to be entered into by the Company with related parties, for the year financial year ending 31 December 2015 were approved.
9. The donation of RO 32,000 made to support community services during the financial year ended on 31 December 2014 was approved.
10. A budget of RO. 42,000 for the financial year 2015 to support community services was approved.
11. The appointment of KPMG as the auditors of the Company at a fee of RO. 9,770 for the financial year 2015 was approved.

Middle East Electricity Awards Recognize Sembcorp Salalah for HSE initiatives
2015-03-17
Please refer to the attached file

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Invitation to Attend the Annual Ordinary General Meeting
2015-03-08
The Board of Directors of Sembcorp Salalah Power & Water Company SAOG (“the Company”) is delighted to invite the shareholders of the Company to attend the annual ordinary general meeting to be held at 3.00 p.m. on Monday 23 March 2015 at Hormuz Grand Hotel, Muscat to discuss the following agenda:

1 To consider and approve the Report of the Board of Directors for the financial year ended 31 December 2014.

2 To consider and approve the Corporate Governance Report for the financial year ended 31 December 2014.

3 To consider the Auditor’s Report and approve the financial statements (Balance Sheet and Profit and Loss Account) for the financial year ended 31 December 2014.

4 To consider and approve the recommendation to distribute cash dividends at the rate of 4.2% of the capital (42 baizas per share) to shareholders listed in the shareholders’ register maintained by the Muscat Clearing and Depository Company SAOC as at 1 April 2015.

5 To consider and ratify the directors’ and committees’ sitting fees for the previous financial year and determine the sitting fees for the next financial year.

6 To consider and approve directors’ remuneration amounting to RO 84,800 for the financial year ended on 31 December 2014.

7 To consider and ratify the related party transactions entered into during the financial year ended on 31 December 2014.

8 To consider and approve the related party transactions proposed to be entered into during the financial year ending on 31 December 2015.

9 To inform the meeting of the donations made to support community services during the financial year ended on 31 December 2014.

10 To consider and approve a proposal to spend the total sum of RO 42,000 to support community services during the financial year ending on 31 December 2015.

11 To appoint the auditors of the Company for the financial year ending on 31 December 2015 and determine their fees.

Pursuant to the Articles of Association of the Company, any shareholder has the right to appoint a proxy in writing to attend and vote on decisions taken on his behalf. The proxy should carry the authorised proxy card attached with the notice to attend the general meeting as issued by Muscat Clearing and Depository Company SAOC. If the shareholder is a natural person, he is required to attach with the proxy card a copy of ID for adults, passport for females and minors who do not have an ID card, and resident cards or passports for expatriates. If the shareholder is a juristic person, the proxy card shall be signed by an authorised signatory and sealed with the company’s seal and submitted together with a copy of the commercial registration certificate and authorised signatories form.

All invitees are requested to attend the meetings at least half an hour before the meeting time.

If you have any inquiries kindly contact Tariq Bashir on telephone number 93215022.

Investors Trust Fund Disclosure
2015-03-04
Records of the Investors Trust Fund indicate that there are amounts of RO 16,863.002 which have not been claimed from the Company by shareholders. We request the shareholders to check with the Muscat Clearing and Depository Company SAOC to enquire whether any amounts are owed to them.

Board meeting
2015-02-16
The Board of Directors of Sembcorp Salalah Power & Water Company SAOG (“the Company”) is pleased to advise the Capital Market Authority, the Muscat Securities Market and the investor community of the following material resolutions made at the meeting of the Board of Directors (the “Board”) held on 16 February 2015:

a) The Board approved and authorised for issuance the Company’s Financial Statements and annual report for the year 2014;
b) The Board approved Code of Corporate Governance report for the year 2014;
c) The Board proposed to distribute a final cash dividend of 42 baizas per share to the Shareholders who are registered in the Company Shareholders’ register with Muscat Clearance & Depository Company SAOC on 1 April 2015. The Company has already paid an interim dividend of RO 92 baizas per share in November 2014. This will give a total dividend of 134 Baizas per share for the full year 2014.

FY2014 Results Release
2015-01-29 08:00 - 17:00 UTC

Initial annual unaudited financial results for the year ended 31 December 2014
2015-01-26
SEMBCORP SALALAH POWER & WATER COMPANY SAOG
Statement of unaudited profit and loss and other comprehensive income
for the year ended 31 December

Unaudited
2014

Audited
2013

RO

RO

Revenue

62,770,756

62,711,862

Cost of sales

(29,186,960)

(29,074,676)

Gross profit

33,583,796

33,637,186

Administrative and general expenses

(1,059,824)

(1,073,617)

Other income

1,683,569

6,184,900

Operating profit

34,207,541

38,748,469

Finance income

134,307

54,117

Finance costs

(19,776,946)

(23,977,012)

Profit before tax

14,564,902

14,825,574

Income tax

(1,751,602)

(3,689,533)

Profit after tax

12,813,300

11,136,041

Other comprehensive (loss) income, net of income tax:

Item that are or may be classified to profit or loss

Effective portion of change in fair value of cash flow hedge

(3,263,949)

18,702,625

Total comprehensive (loss) income for the year

9,549,351

29,838,666

Earnings per share:

Basic earnings per share

0.13

0.12

Sembcorp Salalah Celebrates Oman Environment Day with MECA and Government Dignitaries
2015-01-20

AIWA Awards 2014 for Sembcorp Salalah
2015-01-19

Appointment of Company Secretary and Disclosure Officer
2015-01-06
The Board resolved to appoint Mr Tariq Bashir (the Acting Financial Controller) as the Company Secretary of the Company and Mr Lim Yeow Keong (the CEO of the Company) as the Disclosure Officer of the Company with immediate effect.

3Q2014 Results Release
2014-10-30 08:00 - 17:00

1H2014 Results Release
2014-07-30 08:00 - 17:00

1Q2014 Results Release
2014-04-30 08:00 - 17:00

Annual General Meeting
2014-03-31 08:00 - 17:00

Invitation to AGM (CMA)
2014-03-13

Invitation to AGM
2014-03-13

Statement of Disclosure
2014-03-13

FY2013 Results Release
2014-01-30 08:00 - 17:00

SSPW – MSM disclosure (05 11 13) – OGM
2013-11-07

Press Release on OGM Salalah
2013-11-07

Ordinary General Meeting
2013-11-03 08:00 - 17:00

3Q2013 Results Release
2013-10-30 08:00 - 17:00

Financial Statements (30 June 2013)
2013-10-30
Financial Statements (30 June 2013)

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Invitation to an OGM – 3rd Nov 2013
2013-10-23
Muscat, 23 October 2013 – Invitation to an Ordinary General
Meeting of Sembcorp Salalah Power & Water Company SAOG.
The Board of Directors of Sembcorp Salalah Power & Water Company SAOG are
pleased to invite the shareholders of the company to attend an Ordinary General
Meeting of the Company (OGM) to be held at 3.00 PM on 3rd November 2013 at the
Capital Market Authority.

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Invitation to an OGM – 3rd Nov 2013
2013-10-23

Sembcorp Salalah IPO Raises RO53mn
2013-09-28

Sembcorp Salalah Announces Closing of Initial Public Offering
2013-09-26
OMR 53 million raised in Oman’s largest IPO of 2013

Muscat, 26 September 2013 – Sembcorp Salalah Power & Water Company SAOG (under transformation) (Sembcorp Salalah or the Company), a leading power and water company based in the Dhofar Governorate of Oman, today announced the successful closure of its initial public offering of 35% of the total share capital, or 33,410,019 existing ordinary shares, at a price of OMR 1.590 per share. The issue was opened for subscription on 28 August 2013 and closed on 26 September 2013.

The offering, which raised OMR 53 million, making it the largest in Oman this year as well as one of the largest in the region, was comfortably oversubscribed and attracted strong levels of demand from both retail and institutional investors across the Sultanate, the GCC and Europe. This implies an opening market capitalisation of OMR 152 million. Trading of the company’s shares is set to commence on the Muscat Securities Market on or around 10 October 2013.

HSBC Bank Oman SAOG acted as Issue Manager for the offering. HSBC Bank Middle East Limited acted as Sole Global Coordinator and Bookrunner.

Commenting on the offer close, Mr Lim Yeow Keong, Chief Executive Officer of Sembcorp Salalah, said, “We are delighted by the response we have received from such a wide range of investors in Oman and across the region. The overwhelming support and warm welcome we have received reflects the confidence in Sembcorp Salalah’s stable business model and recognises this unique opportunity to invest in an established operator with strong government support and strong predictability of cash flows.”

“We are thrilled to welcome our new investors to the Sembcorp Salalah shareholder register and we look forward to delivering on our commitment to meet the Dhofar region’s growing and long-term power and water demand.”

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Sembcorp Salalah Share Offer Attractive: United Securities
2013-09-19
