Muscat: The Board of Directors of BankDhofar has conducted its Annual General Meeting AGM on Wednesday, March 31.
The meeting, held online through the electronic platform for holding general meetings, was chaired by Eng. Abdul Hafidh Salim Rajab Al Aujaili, Chairman of the Board, and attended by the board members, senior management of the bank and shareholders.
The Annual General Meeting (AGM), approved the report of the Board of Directors of the bank on the business and financial position of the bank for the financial year ended 31st December 2020.
The meeting approved the cash dividend, which will be distributed to the shareholders, at the rate of 4 baisas per share. The meeting brought to the attention of Shareholders the transactions in which the bank entered with related parties during the financial year ended 31st December 2020.
The sitting fees being availed by the members of the Board of Directors and members of the board sub-committees along with the members of the Sharia Supervisory Board for the financial year ended December 31, 2020, were ratified and the sitting fees for the next financial year were specified.
The meeting approved the proposed Directors’ remuneration of OMR 300,000 for the financial year ended December 31, 2020.
Additionally, the donations paid to support local community services for the financial year ended December 31, 2020, were brought to the attention of the shareholders.
The meeting also approved allocating OMR 120,000 for supporting local community services for the financial year ending December 31, 2020.
The meeting also agreed to appoint the external auditors and sharia external auditors for the financial year 2020 and specified their fees.