OREANDA-NEWS. Qatar Oman Investment company announces the results of of the Ordinary and Extraordinary General Assembly Meetings was held on Sunday, 13/3/2016 approved the followings :

Decision of the Ordinary General Assembly meeting :

1-At the beginning the Chairman delivered his speech, by welcoming the attendees and explained the activities of the company addition the final financial statements ending 31December2015. He was also explain the company future plan

2- The External Auditor explained the budget of the company and the accounts which presented to them by the Board of Directors and approved it .

3- Discussion of the audited the financial statement and profit and loss statement for the year ended December 31, 2015 , the profit reached QR 18,341,064 and approve it .

4- The General Assembly approve the Board recommendation to distribute of 6% cash dividends which representing 60 Dirhams per share .

5- The General Assembly discharge the Board Members for the financial year ended December 31, 2015 and determine their remuneration .

6- The General Assembly discuss the report of Corporate Governance for 2015 and approve it .

7- Proposal for the appointment of External auditor for 2016 and determined the annual fees ( Ernist & Young )

Decision of the non- Ordinary General Assembly meeting :

The approval of the amendments to the Article of Association of the company and mentioned in the agenda of the Assembly as following:

First: Cancellation of the amendment of Article (8) at the AGM non-ordinary on 21/3/2011 and retaining the article (8) before the amendment to be read as follows:

Article (8)
It may not exceed the total owned by a single shareholder 5% of the total shares of the company, other than through inheritance, wills, with the exception of the founders of the company.

Second: Replacement of the name "Qatar Investment Authority" to "Qatar Holding"

Third : Transfer of ownership of shares of the Government of the Sultanate of Oman to the State General Reserve Fund of the Sultanate of Oman

Fourth : According to the law of corporate governance issued by the Qatar Financial markets Article No. (27),

Therefore, it is incumbent on the company to amend Article No. (10)

Fifth: Amend the statute and the articles of incorporation of the company in accordance with the Commercial Companies Law No. (11) for the year 2015.

Sixth: Authorizing the Board of Directors for the implementation of additional and amendments to the Article of Association.