The Board of Directors of Al Suwadi Power Company SAOG (the “Company”) have the pleasure to invite the respected shareholders to attend the Ordinary Annual General Meeting (“AGM”) of the Company to be held on Wednesday, 20th March 2019 at the Capital Market Authority Meeting Hall situated at Ruwi, Sultanate of Oman, at 5:00 pm, to discuss the following agenda:
3. To consider the Auditors’ Report and to approve the financial statements (balance sheet and income statement) for the financial year ended 31 December 2018.
According to the Articles of Association of the Company, if the candidate is a shareholder, he/she must hold at least 5% of the Company’s issued share capital on the date of the AGM.
Any person who wishes to nominate himself/herself to the Board of Directors should complete a nomination form available with the Company. The nomination form can be obtained from the Company’s head office. The completed forms should be delivered to the Company at least two days minimum prior to the AGM date. Nomination forms received after 5pm on Sunday, 17th of March 2019 shall not be accepted.
11. To approve the report for the performance appraisal of the Board of Directors carried out during year 2018 as per section “Appraisal for the performance of the Board” in Corporate Governance Report.
12. To agree to conduct performance appraisal of the newly elected Board of Directors once during its 3 years’ term. The criteria and appointment of an independent consultant for carrying out the appraisal for performance of the board of directors shall be approved during the AGM for the financial year ending 31st December 2019.
13. To approve the appointment of Statutory Auditors for the financial year ending 31 December 2019 and determine their remuneration.
According to the Articles of Association of the Company the Shareholders have the right to nominate a proxy to attend and vote on their behalf on decisions/resolutions of the meeting, such proxy must be on the proxy form attached to this agenda and notice. The natural shareholder shall enclose a copy of the ID card, or the passport copy for females and minors who don’t have an ID card, residence card or passport copy for non-Omanis along with the proxy form. The juristic shareholder’s proxy must be signed by an authorized signatory and sealed with entity’s stamp, and should be submitted along with a commercial registration certificate and the authorized signatories list.
Respected shareholders are requested to attend at the AGM venue half an hour before the meeting.
For further information, please contact Ms. Arwa Al-Alawi on telephone no.(+968)24393300.