Invitation to attend the Ordinary Annual General Meeting
The Board of Directors of NATIONAL FINANCE ( the “Company”) has the pleasure to invite the shareholders to attend the Annual General Meeting General Meeting, which will be held onWednesday at 05:00 PM on 30/03/2022, via the electronic platform to hold Annual General Meetinggeneral meetings which can be assessed through the website of Muscat Clearing & DepositoryCompany (www.mcd.gov.om) and will be held in this location (Online & Company’s Head Office,Ominvest Business Centre, Madinat Al Irfan, A’Seeb, Muscat – Sultanate of Oman) . If the quorumrequirement for holding the Annual General Meeting is not fulfilled, a second Annual GeneralMeeting General Meeting shall be held on Tuesday at 05:00 PM on 05/04/2022, via the electronicplatform which can be assessed through the website of Muscat Clearing & Depository Company(www.mcd.gov.om) and will be held in this location (Online & Company’s Head Office, OminvestBusiness Centre, Madinat Al Irfan, A’Seeb, Muscat – Sultanate of Oman) to discuss the followingagenda:
Annual Ordinary General Meeting Agendas :
- To consider and approve the Board of Director’s Report for the financial year ended 31December 2021.
- To consider and approve the Corporate Governance Report for the financial year ended 31December 2021.
- To consider the Auditor’s Report and to approve the Financial Statements (Balance Sheet andProfit and Loss Account) of the Company for the financial year ended 31 December 2021.
- To consider and approve the proposed cash dividend to the shareholders, as on the date ofthe meeting, amounting to 8 baisa for each share for the financial year ended 31 December2021.
- To approve the sitting fees paid to Directors’ for attending meetings of the Board and subcommittees for the previous financial year and to determine the Directors’ sitting fees for theupcoming financial year, as per (Annexure ‘A’).
- To consider and approve the proposal of distributing the total sum of RO 150,000 asremuneration for the Board of Directors of the Company for the year ended 31 December2021.
- To ratify the transactions carried out with related parties during the financial year ended 31stDecember 2021 (Annexure ‘B’).
- To consider the amounts allocated and spent for the company’s social responsibilities for theyear ended on 31/12/2021 (as per the Annexure).
- To discuss and approve the proposed allocation of RO 150,000 to fulfill the Company’sCorporate Social responsibilities for the year ending on 31 December 2022.
- To Approve the criteria for measuring the performance of the Board of Directors for thefinancial year ending December 31, 2022 (as per Attachment)
- To appoint an independent entity to evaluate the performance of the Board of directors for thefiscal year ending on December 31, 2022, and determine their fee.
- To appoint statutory auditors for the financial year ending 31st December 2022 and determinetheir fees.
According to the Company’s Articles of Association and the controls for holding General Meetingsusing modern technology issued by the capital market authority , we would like to draw yourattention to the following:
- Legal person, exclusively, has the right to delegate a natural person to attend the GeneralMeeting and vote on its behalf through technical means, provided that this natural person hasan investor number in MCDC.
- Voting on any of the agenda items begins no more than three days before the date of theGeneral Meeting until the voting process ends on the day of the General Meeting. If theshareholder’s shares are increased or decreased, the voting process will be canceled, and theshareholder will have to vote again on the day of the General Meeting.
For further information please contact on telephone No 99609667 or email: r.panneerselvam@nationalfinance.co.om