Muscat: The Board of Directors of BankDhofar has conducted its Annual General Meeting at intercontinental Muscat on Tuesday, March 27, 2019.
The meeting 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.
During the meeting, a new board of directors were elected for the next period. The Board of Directors presented the financial performance report for year ending December 31, 2018, which was reviewed and approved. Shareholders also approved the corporate governance report, the auditor’s report, the balance sheet and the profit and loss accounts of the same fiscal year, in addition to the report of Sharia Supervisory Board for Maisarah Islamic Banking Services for the same financial year.
The meeting also approved the proposed cash dividend of 10 per cent of the paid-up capital of the Bank (10 baisa per share) for the financial year ended on December 31, 2108, and a bonus share of 7 per cent (70 shares per 1,000 shares).
BankDhofar Board of Directors also ratified the donation of OMR1 million contributed to the relief of affected families at cyclone Mekunu in the Governorate of Dhofar and Al Wusta. The meeting also agreed to appoint the External Auditors and Sharia External Auditors for the financial year 2019.