RESOLUTIONS

Annual Ordinary General Meeting of the Shareholders of bank muscat held on Wednesday, 22^nd March, 2023:

1.         Considered and approved the Report of the Board of Directors for the financial year ended 31^st December, 2022.

2.         Considered and approved the Report on Corporate Governance for the financial year ended 31^st December, 2022.

3.         Considered the Auditor's Report and approved the Balance Sheet and Profit and Loss Accounts for the financial year ended 31^st December, 2022. 

4.         Considered the report of the Shari'a Supervisory Board of Meethaq, the Islamic Banking window, for the financial year ended 31^st December, 2022.

5.         Considered and approved the recommendation to distribute cash dividend of 15 Baiza for each share for the financial year ended 31^st December, 2022. 

6.         Considered and ratified the sitting fees for the Board of Directors and its committees' meetings for the financial year ended 31^st December, 2022 and fixing sitting fees for the current financial year.

7.         Considered and approved the Board of Directors' remuneration of RO. 300 K for the financial year ended 31^st December, 2022. 

8.         Considered and approved the Related Party Transactions that will be concluded during the financial year ending 31^st December, 2023.

9.         Considered and approved the criteria for measuring the performance of the Board of Directors for the financial year ending 31 December 2023.

10.       Approved the appointment of an independent entity to evaluate the performance of the Board of directors and its subcommittees for the fiscal year ending on 31 December 2023, and determined their fees.

11.       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 31^st December, 2023 and fixed their fees, subject to the applicable regulatory approvals.

Secretary to the AGM