Friday 08 / August / 2025
Muscat: The Board of Directors of BankDhofar conducted the Extraordinary & Annual General Meetings (EGM & AGM) recently.
The shareholders ratified the donation of OMR1 million as a contribution to the efforts exerted to fight the outbreak of COVID-19.
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 Extraordinary General Meeting (EGM) approved the amending of the bank’s Articles of Association following the new Commercial Companies Law, promulgated by Royal Decree No 18/2019.
While 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 December 31, 2019. The meeting brought to the attention of shareholders the cash dividend distributed to the shareholders on March 25, 2020, at the rate of 3 baisas per share, as well as the transactions in which the bank entered with related parties during the financial year ended December 31. 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, 2019, were ratified and the sitting fees for the next financial year were specified. The meeting approved the proposed directors’ remuneration of OMR 115,200 for the financial year ended December 31, 2019. Additionally, the donations paid to support local community services for the financial year ended December 31, 2019, 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.
