Published: Sep 25, 2014
Source: MSM

News

Email this story Print this page zoomin zoomout

Oman Flour Mills announces the decisions approved in AGM held on 24th September 2014

1. AGM approved the Board of Director’s report for the year ended 30th June 2014.

2. AGM approved the Corporate Governance Report for the year ended 30th June 2014.

3. AGM approved the Auditor’s Report and the Statement of Financial Position and the Statement of Comprehensive Income for the year ended 30th June 2014.

4. AGM approved distribution of cash dividend of 25% of the paid up capital to shareholders (i.e. RO 0.025 per share).

5. AGM approved sitting fees for the Board of Directors and sub-committees paid during the financial year ended 30 June 2014 and approved the sitting fees for the next year 2014-15.

6. AGM approved the Directors’ remuneration of RO 45,000 for the year ended 30th June 2014.

7. The shareholders were notified of the transactions carried out with related parties within the normal course of business of the Company during the financial year ended 30 June 2014.

8. AGM approved the transactions that would be carried out with related parties within the normal course of business of the Company during the next financial year ending 30 June 2015 as mentioned in the notice of meeting.

9. AGM approved the amount of RO 48,725 paid towards corporate social responsibility during the year 2013-14.

10. AGM approved for paying an amount of RO 75,000 towards corporate social responsibility for the financial year 2014-15.

11. AGM approved appointment of Moore Stephens as statutory auditors for the financial year 2014-15.

Middle East Stock Markets

Index Last Change %Change
TASI 7,124.10 -31.10 -0.43%
ADI 4,433.74 +77.91 1.79%
DFMGI 3,495.73 +43.32 1.25%
QE 9,989.29 +11.53 0.12%
KSE 5,589.16 +24.43 0.44%
MSM30... 5,656.350 +1.610 0.03%
ASE... 2,162.22 -3.51 -0.16%

Recent Analyst Actions  >>

or
Company Price Opinion
DXB Entertainments 1.90 Buy
Abdullah Al Othaim Markets 125.60 Overweight
Bupa Arabia for Cooperative 137.60 Overweight
Abdul Mohsen Al-Hokair Group 40.50 Overweight
Saudi Telecom Co. 68.90 Overweight

Markets Today Quick Links

×

Get all the latest updates about the GCC & Global Markets directly to your email