Resolution to the Ordinary Annual General Meeting of Phoenix Power Company SAOG
Phoenix Power Company SAOG (the “Company”) is pleased to advise the Capital Market Authority, the Muscat Stock Exchange and the investor community that the Ordinary Annual General Meeting (AGM) of the Company was held on Monday online on 20 March 2023. The following resolutions were passed unanimously at the AGM:
1. Approval of the Board of Directors’ report for the financial year ended 31 December 2022.
2. Approval of the Corporate Governance Report for the financial year ended 31 December 2022.
3. Approval of the Auditors’ Report and financial statements (balance sheet and income statement) for the financial year ended 31 December 2022.
4. The shareholders were notified regarding the related party transactions during the financial year ended 31 December 2022.
6. Approval to allocate of an amount of RO. 50,000 in relation to the Corporate Social Responsibility for the financial year ending 31 December 2023.
7. Election of the following persons as members in the new Board of Directors for a terms of 3 years
|
Shareholder/ Non-Shareholder |
Description (Independent / Non-Independent |
Name |
|
|
Non-Shareholder |
Independent |
Adrian Röthlisberger |
1 |
|
Non-Shareholder |
Independent |
Mohammed Alfatih |
2 |
|
Non-Shareholder |
Non-Independent |
Koichi Matsumoto |
3 |
|
Non-Shareholder |
Independent |
Khalid Jolo |
4 |
|
Non-Shareholder |
Independent |
Sultan Al Tai |
5 |
|
Non-Shareholder |
Independent |
Hideharu Tatedori |
6 |
|
Non-Shareholder |
Independent |
Hitoshi Nakahara |
7 |
8. Approval to appointment a statutory auditors for the financial year ending 31 December 2023 and determine their remuneration.
_________________________
Ahmed AL Abri
Chief Financial Officer / Disclosure Officer