Galfar Engineering & Contracting SAOG
P.O. Box 533, Muscat, P.C. 100, Sultanate of Oman
Tel: 24591055, Fax: 24591676
NOTICE OF THE ANNUAL GENERAL MEETING
The Board of Directors of Galfar Engineering & Contracting SAOG have the pleasure to invite all Shareholders to attend the Annual General Meeting of the Company, which will be held on Wednesday, 25th March 2015 at 05:00 PM, at Hormuz Hotel, to consider the following agenda:
1.To consider and approve the Board of Directors Report for the year ended 31st December 2014.
2.To consider and approve Corporate Governance Report for the year ended 31st December 2014.
3.To consider and approve the Auditor’s Report, Audited Annual Financial Statements for the year ended 31st December 2014.
4.To consider and approve a recommendation to distribute stock dividend to the shareholders at the rate of 10 % being 1 share for every 10 shares held in the company's issued and paid-up capital. Consequent to this decision the number of shares of the company shall be increased from 377, 468, 761 shares to 415, 215, 637 shares.
5.To consider and approve the sitting fees for the Board of Directors and its Sub-committees during the fiscal year 2014, and fix sitting fees for the fiscal year 2015 (as per attachment).
6.To inform the Annual General Meeting on the Related Party Transactions those took place during the fiscal year ended 31-12-2014 and approve the same. (as per attachment).
7.To consider the Related Party Transactions that the Company will undergo during the up-coming fiscal year ending 31-12-2015 and approve same (as per attachment).
8.To inform the Annual General Meeting on the donations spent for supporting social activities during the fiscal year ending 31-12-2014 (as per attachment).
9.To consider a proposal to allocate RO. 100,000/- for supporting social activities during the fiscal year ending 31-12-2015.
10.To appoint the External Auditors for the fiscal year ending 31-12-2015 and determine their fees.
•According to Article (76) of the Article of Association of the company each shareholder shall have the right to proxy in writing any other person to attend the meeting and to vote on his behalf. An as per CMA’s administrative decision No. E/51/2013, the proxy to attend the general assembly meeting and vote on their respective decisions shall only be given on the proxy coupon in the invitation notice. If the authorizing person is a natural person, a copy of the ID in case of adults, passport for women and minors and those who hold no IDs, the resident card or passport (for non-Omanis) is to be attached to the proxy coupon. If the authorising person is a corporate body, the proxy coupon has to be stamped and signed by one of the authorized signatories of the corporate body and a copy of the commercial registration certificate and specimen signatures are to be attached to it.
•For any clarification in respect of the agenda of the above meeting, please contact Mr. Ismail Ali Hamid, on Phone 24525000 (Ext. 4099) or Mr. Arun Ghanapathi on Phone No.24525232, Fax No.24525250.
•The Company will deposit the unclaimed Investors’ funds within a period of Six months from its due date to the Investors’ Trust Fund. Shareholders are advised to refer to the Muscat Clearing & Depository Company near the building of MSM Ruwi to inquire about any amounts due for them.
•The reports, the financial and other information for discussion at the general meeting would be available for review of the Shareholders at the Head Office of the Company at Ghala Industrial Area, Al Omran Street, Bldg.No.760, Way No.5222, during the official working hours: Sunday to Thursday 07:30 to 13:00 and 14:30 to 17:30.
•Shareholders and all their proxies are requested to arrive at the meeting hall, half an hour before the convening time of 05:00 PM.
____________________ ____________ _____________
Chairman of the Board Statutory Auditors Legal Advisor