The shareholders of Majan Glass Company SAOG, during their Annual Ordinery General Meeting for the year 2014 held on Wednesday, March 18, 2015 at 3.00 PM at Businessmen Hall of Capital Market Authority in Ruwi where in the shareholders have given their approval for the following :
- The Report of the Board of Directors was approved for the financial year ended on 31 December 2014.
- The Report on Code of Corporate Governance and Management Discussion and Analysis of the Company was approved for the financial year ended on 31 December 2014.
- The Auditors report, the Financial Statements and Statement of Comprehensive Income was approved for the financial year ended 31 December 2014.
- The Sitting fees paid to the Members of the Board, and its committees for the financial year ended 31 December 2014 was approved for RO 22,300/-. And the sitting fees for the coming financial year was approved.
- The proposal of payment as remuneration RO 27,700/- to the Board of Directors of the Company was approved for the financial year ended 31 December 2014.
- Transactions entered into by the Company with related parties was approved during the financial year ended 31 December 2014.
- Proposed transactions that the Company will enter into with related parties during the financial year ending 31 December 2015 was approved.
- Elected and appointed the following Directors of the company out of four nominations received from shareholders/non-shareholders:
I. Mr. Anwar Ali Sultan
II. Mr. Ali Hassan Sulaiman
III. Mr. Mustafa Ahmed Salman
IV. Mr. Ali Mohd. Redha Jafar
Ministry of Finance has intimated that the existing nominated representatives of the government will continue till the decision is taken by Council of Ministers. The name of those representatives are as Follows :
I. Mr. Ali Saif Al Hadi
II. Mr. Sami Salim Al Sahib
III. Mr. Ali Hamad Al Darei
9.Moore Stephens was appointed as Statutory Auditors for the financial year ending 31December 2015.
Chairman
