Invitation to attend the Annual Ordinary General Meeting
The Board of Directors of National Finance {the “Company”} has the pleasure to invite the shareholders to attend the Annual General Meeting, which will be held at 4.00 PM on 30-03-2021, via the electronic platform to hold general meetings which can be assessed through the website of Muscat Clearing & Depository Company (www.mcd.gov.om). If the quorum requirement for holding the Annual General Meeting is not fulfilled, a second Annual General Meeting shall be held at 3.00 PM on 05-04-2021, to discuss the following agenda:
Ordinary Agendas Annual:
1. To consider and approve the report of the Board of Directors’ on Company’s activity and its financial position for the financial year ended 31st December 2020.
2. To consider and approve the report of the Board of Directors’ on corporate governance for the financial year ended 31st December 2020.
3. To consider the statutory auditors’ report and to approve the financial statements and the profit and loss account for the financial year ended 31st December 2020.
4. To consider and approve the proposed cash dividend to the shareholders, as on the date of the meeting, amounting to 6 baisa for each share for the financial year ended 31 December 2020.
5. To approve the sitting fees paid to Directors’ for attending meetings of the Board and sub committees for the previous financial year and to determine the Directors’ sitting fees for the upcoming financial year, as per (Annexure ‘1’).
6. To consider and approve the proposed Directors Remuneration of RO 150,000 for the financial year ended on 31st December 2020.
7. To consider the transactions carried out with related parties during the financial year ended 31st December 2020 (Annexure ‘2’).
8. To consider the allocation of an amount of RO 150,000 for Corporate Social Responsibility for the financial year ending 31st December 2021.
9. To appoint statutory auditors for the financial year ending 31st December 2021 and determine their fees.
10. To elect one (1) Director to fill the vacant seat in the Board of Directors (from the shareholders and/or non-shareholders). Any person wishes to nominate himself/herself to the Board of Director may fill out the nomination form that can be obtained from the Company’s head office. The completed form should be delivered to the Company’s head office at least 5 working days prior to the Annual Ordinary General Meeting, not later than Monday, 22nd March 2021.
According Company’s Articles of Association and General Meeting regulations, through modern technology means issued by the Capital Market Authority, we would like to draw your attention to the following:
(a) Legal person, exclusively, has the right to delegate a natural person to attend General Meeting and vote on its behalf through technical means, provided that this natural person has an investor number in MCDC.
(b) Voting on any of the items on the agenda begins no more than three days before the date set for the Meeting until the end of the voting process on the day of the Meeting, and in the event that the shareholder’s balance is increased or decreased, the voting process will be invalid, and he must re-vote again on the day of the Meeting.
Any questions relating to this Notice should be addressed to Mr. R. Panneerselvam (Telephone No. +968 24470000/24470102 or email: r.panneerselvam@nationalfinance.co.om)
Chairman Auditors Legal Advisors