Published: Jun 11, 2014
Source: MSM

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Fincorp AGM decisions

Annual General Meeting of The Financial Corporation Co. SAOG was held at  Al Falaj Hotel on 10th June 2014 and the following decisions  were taken:

  • Approved the Board of Directors Report for the financial year ended 31/3/2014.
  • Approved the Corporate Governance Report for the financial year ended 31/3/ 2014.
  • Approved the Auditor’s report and the audited financial statements for the financial year ended on 31/3/2014 .
  • Ratified the sitting fees that has been paid to the Board and it’s sub-committees during last year and approved the sitting fees for the current year .
  • Approved the proposed remuneration of RO. 22,500 payable to the Board of Directors for the financial year ended 31/3/2014.  
  • Ratified the related Party Transactions that took place during the financial year ended on 31/3/ 2014.
  • Authorized the related party transactions for the financial year 2014-15.
  • Ratified  the donations and charity paid for the financial year ended 31st March 2014.
  • Approved  to spent RO.10,000 for social responsibility initiatives in 2014-15
  • Elected Mr. Hamyar Nasser Said Al Ismaeely to the vacant position in the Board.
  • Appointed Deloitte & Touché as the External Auditors for the financial year 2014-15 and agreed their fees.
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