Board of Directors' Resolutions - 10/30/2014

The Board of Directors of Sohar Power Company SAOG is pleased to advise the Muscat Securities Market and the investors' community that it has resolved the following in its meeting held on 30 October 2014:  

1- Approvethe Unaudited Financial Statements for the period ended 30 September 2014.The Unaudited Financial Statements are available at the MSM website and the Company's websites.

2. To appoint Mr. Nizar Saleh Qallab as temporary director to fill the vacant seat till the next Ordinary General Meeting.

3. Based on the Boardof Directorsresolution on forming the Audit Committee, the Board of Directors appoints Mr. Nizar Saleh Qallab in the Audit Committee in place of the resigned director.

4. Based on the AGM resolutions held on 30 March 2014 to authorize the Board of Directors to distribute Interim dividends for the period of 1 January 2014 to 30 June 2014 subject to a ceiling of 15% (15 Baizaper share).  Accordingly, the Board of Directors is pleased to announce the distribution of 8.6 % cash dividends i.e. 8.6 Baiza per share to the shareholders registered in the Company's shareholders register on 13 November 2014.

5. Mr. Saif Abdullah Al Harthy is elected as Vice-Chairman of the Board of Directors.

distributed by