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HSBC holds virtual extraordinary general meeting and annual general meeting
June 1, 2020 | 3:51 PM
by Times News Service
Photo: Supplied
 
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Muscat: HSBC Bank Oman held an Extraordinary General Meeting (EGM) followed by its Annual General Meeting (AGM) recently using the electronic platform developed by Muscat Clearing and Depository Company, which allowed the shareholders of the bank to remotely participate and vote in both the AGM and the EGM.

“HSBC Bank Oman’s focus on delivering exceptional customer service was the driving force behind our success in 2019 and has put us in a strong position to navigate the year ahead. Our long-standing strategy of investing in technology has ensured that we have been able to stay connected to our customers, shareholders and other stakeholders despite social distancing measures currently in place to combat the spread of COVID-19,” said Sir Sherard Cowper-Coles, Chairman, HSBC Bank Oman.

At the EGM, shareholders of the bank approved the amendments to the Articles of Association of the bank in accordance with the Royal Decree No. 18/2019.

At the AGM, shareholders of the bank ratified the proposal to distribute a cash dividend which was paid on April 8, 2020, at the rate of 8.7 Omani Baisa (Eight Baisas and Seven-tenths of an Omani Baisa) per share for the year ended December 31, 2019.



In his opening remarks, Cowper-Coles expressed his condolences to the Omani nation on the sad demise of the late Sultan Qaboos bin Said and congratulated HM Sultan Haitham bin Tarik on his succession to the throne and on the way he is leading the Sultanate amid the global pandemic and economic slowdown. He also expressed his condolences to the Deputy Chairman of the Bank, Brigadier (Retired)Waleed Al Zawawi, on the loss of his father Dr Omar Al Zawawi, who was one of the founders of the Bank and a great contributor to Oman’s success over so many years.

“On behalf of the Board, I would like to express our sincerest thanks to our outgoing Chief Executive Officer, Andrew Long, for his extraordinary contribution over the last seven years - I have valued greatly his wisdom and judgment. I am also delighted to welcome Melika Betleyas the new CEO of the bank and wish her all the best in her new role,” Sir Sherard added.



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