Date: 23rd March, 2022
RESOLUTIONS
Extraordinary General Meeting of the Shareholders of bank muscat held on Tuesday, 22nd March, 2022:
1. Approved the proposed amendments of the Articles of Association of the Bank. The proposed amendments shall not, however, be effective and valid unless have been approved by the regulatory bodies.
Annual Ordinary General Meeting of the Shareholders of bank muscat held on Tuesday, 22nd March, 2022:
1. Considered and approved the Report of the Board of Directors for the financial year ended 31st December, 2021.
2. Considered and approved the Report on Corporate Governance for the financial year ended 31st December, 2021.
3. Considered the Auditor's Report and approved the Balance Sheet and Profit and Loss Accounts for the financial year ended 31st December, 2021.
4. Considered the report of the Shari'a Supervisory Board of Meethaq, the Islamic Banking window, for the financial year ended 31st December, 2021.
5. Considered and approved the recommendation to distribute cash dividend of 30 Baiza for each share for the financial year ended 31st December, 2021.
6. Considered and approved the recommendation to distribute stock dividend at the rate of (5%) per share of the issued share capital of the Bank (being 5 bonus shares for each 100 shares) for the financial year ended 31st December, 2021. The approval of the distribution of the bonus shares will result in the increase of the issued share capital of the Bank from (3,574,474,792) shares to (3,753,198,531) shares of a nominal value of (100) Baiza each.
7. Considered and ratified the sitting fees for the Board of Directors and its committees' meetings for the financial year ended 31st December, 2021 and fixing sitting fees for the current financial year.
8. Considered and approved the Board of Directors' remuneration of RO. 300,000/- for the financial year ended 31st December, 2021.
9. Considered and approved the appointment of Shari'a Supervisory Board of Meethaq, the Islamic banking window and fixing their sitting fees and remunerations:
| Shari'a Board Member | No. |
| H.E Prof. Dr. Abdul Aziz K. Al Qassar | 1 |
| H.E Dr. Abdullah bin Mubarak Al-Abri | 2 |
| H.E Prof. Dr. Mohamad Akram Laldin | 3 |
| H.E Dr. Ahmed Rufai Mohammed | 4 |
| H.E Waleed bin Sulaiman Al-Qurri | 5 |
10. Approved the appointment of (E&Y) as the statutory auditors for the Bank and the external independent Sharia auditors for Meethaq, the Islamic banking window of the Bank, for the financial year ending 31st December, 2022 and fixing their fees, subject to the applicable regulatory approvals.
11. The annual ordinary general meeting of the shareholders of the Bank has by acclamation elected the Board of Directors for a new term of office (2022-2025), subject to the regulatory approvals. The names of the elected members of the Board of Directors are as follows:
| No | Board of Directors |
| 1 | Sheikh Khalid bin Mustahail bin Ahmed Al Mashani |
| 2 | Sheikh Ahmed bin Hamed bin Hilal Al Sadi |
| 3 | Mr. Nasser bin Mohamed bin Salim Al Harthy |
| 4 | Sheikh Said bin Mohamed bin Ahmed Al Harthy |
| 5 | Sheikh Saud bin Mustahail bin Ahmed Al Mashani |
| 6 | Mr. Khalid Nasser Al Shamsi |
| 7 | Mr. J.S. George |
| 8 | Brig. General Saif bin Salim bin Saif Al Harthi |
| 9 | Dr. Faisal bin Abdullah bin Shaban Al Farsi |
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