CMA extends meetings of public joint-stock companies

Muscat: The Capital Market Authority (CMA) has extended the period for holding general meetings of public joint-stock companies to April 30 instead of March 30 as part of the efforts exerted by the competent authorities in the Sultanate to prevent the spread of COVID-19.
CMA announced in a circular this morning that the companies desirous of postponing convening the general meetings must disclose the same on the MSM website and to observe the preventive measures stated in Circular No. 1 /2020 in case of convening the meetings which include: Attendance shall be restricted to shareholders and stakeholders only, organise the shareholders on registration of attendance, speedy proceedings of the general meeting, questions shall be directly related to the agenda, and provision of sanitisers and avoidance of handshaking.