24/06/2020
Sharakah held its Virtual Extraordinary General Meeting (EGM) and the Annual General Meeting (AGM) for the financial year ended 31st December, 2019 on 22nd of June. In line with the decisions of the Supreme Committee for dealing with the developments of COVID-19 pandemic and the directives of the Ministry of Commerce & Industry. As per these instructions, companies were asked to hold their annual general meetings remotely as per the guidelines set by CMA using the latest technologies. The meeting was held via a platform set by Muscat Clearing and Depository (MCD) and presided by Mr. Hani bin Mohamed Al Zubair, Chairman of the Board of Directors. The meetings were attended by Sharaksa’s Shareholders, their representatives, Officials of concerned authorities, representative from Statutory Auditors M/s Moore, Legal Firm M/s Rehab Amer Law Firm and Sharakah staff.
The shareholders were briefed on Sharakah’s performance in 2019 along with discussing the meeting agenda. The AGM as well discussed and approved the Audited Financial Statements for the year 2019 and the appointment of Statutory Auditor M/s Moore for the financial year 2020.
Mr. Hani bin Mohamed Al Zubair, Chairman of the Board of Directors pointed out on Sharakah`s achievements during the previous year of 2019. He also extended Sharakah’s commitment to upholding the legacy and vision of our beloved late Sultan who believed in Omani youth, driving them towards community and economic development. As Sharakah was formed in 1998 to support Omani SMEs. Mr. Hani further added ensuring that the Board and Management of Sharakah, pledge their allegiance to our new Sultan His Majesty Sultan Haitham Bin Tariq
He stated that since inception, Sharakah has served and nurtured the Omani SME community and has also been able to sustain itself. Over the last two decades, Sharakah has financially supported around 220 SMEs with investment of approximately OMR 6.7 million. Despite the challenges the world has faced, as an outcome of our sincere efforts, 2019 was a promising year for Sharakah.
“As stated in the Chairman’s Report of 2018, we have upheld our commitments resulting in substantial growth in our income and balance sheet. Sharakah’s Strategy for the next 5 years (2020-2024) has been reworked to meet the current market demand and aligned with Oman’s Vision 2040. We remain committed to the mandate given for supporting the SME community and thus helping the economy.” He added
Since election of Sharakah’s Board was due in 2020 the same was held during the AGM. The existing Board Members were re-elected unanimously. The name of the Board Members for 2020—22 are as under:
Mr. Hani Mohammed Al Zubair
Mr. Said Salim Al Sahib
Mr. Nasser Mohammed Al Hajiri
Mr. Pankaj Khimji
Mr. Hani Habib Abdul Nabi Macki
Mr. Rashad Jaffar Al Shaikh
Mr. Qais Mahmood Al-Khonji
Mr. Hani concluded by conveying his gratitude to His Majesty Sultan Haitham bin Tariq and look forward to his guidance and support in our endeavor to promote Omani SMEs. He further expressed his congratulations to all the Shareholders for completing one more successful year together thanking them for their belief and trust in the Board of Directors and their continued support for Sharakah.