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OIB SAOG - Extra Ordinary General Meeting |
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The Extraordinary General Meeting of Oman International Bank S.A.O.G was convened at 4:30 pm Monday, 6 October 2008, at Muscat Intercontinental Hotel – (Jabreen Ball Room). The number of shares present and represented at the meeting was 77253209 shares, from the total number 91,325,718 shares, i.e. 84.59%. The Extraordinary General Meeting issued the following decisions based on the unanimous approval of the Shareholders: 1. Approved the amendments to the face value of the share from R.O. 1 to Bzs 100 and amending Article (5) of Articles of Association accordingly. Consequent to this resolution a share split into 10 shares of all the registered shares of the Bank effective from the date of the Extraordinary General Meeting (06/10/2008), as well as amending the issued capital from (91,325,718) shares to (913,257,180) shares and the Authorized Capital form (100,000,000) shares (One Hundred Million Shares) to (1,000,000,000) shares (One Billion Shares). 2. Approved the amendment of Article (18) pertaining to the qualifying shares for directorship to be at least 300,000 shares instead of 10,000 shares effective from the next Board of Directors elections in 2011 and to amend the Articles of Association accordingly. |
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