Salalah Mills Co. S.A.O.G. celebrated its Annual Staff Gathering on 1st April-2011 at Marriott Resort Hotel, Mirbat. 

The event witnessed the team spirit and close relation between the employees which was accompanied by various indoor and outdoor games.  Annual Staff Gathering was also held in Renaissance Resort for Branch Offices.The ceremony was attended by Eng. Abdulrahman Barham, Mr. Ahmed Alawi Al Dhahab (General Manager) and Mr. Ahmed Amer Al Shanfari (Deputy General Manager).  The General Manager addressed the gathering and spoke about the achievements made by the company during 2010 and he stated that the operating results were unique in 2010 compared to the previous year.  He also stated about the staff appraisal system which help to enhance the productivity and the quality of work and he also spoke about the new production line capacity of 600 tons per day and pointed out the second phase of the expansion to increase its total production capacity of the company to 1,500 tons to become the largest flour mill in the Sultanate of Oman.In concluding the meeting the General Manager thanked and appreciated the Board of Directors for increasing the salaries of Omani staff .  The General Manager also commended the efforts of the employees for achieving better results during 2010.  The General Manager also expressed his keenness to improve performance and provide the staff with additional skills and knowledge.Subsequently a Sheild was presented to the Best Section of the Year 2010.  Certificates and prizes were also distributed to Best employees for the year 2010.  Certificate was also presented to the employee for the best proposal for the year 2010.  Certificates were also distributed to employees who underwent trainings during the year 2010.

The Annual General Meeting of the Company was held on 31st March-2011 and it was decided to raise the capital of the company. 

The Chairman Sheikh Ahmed Bin Abdullah Al Rawas addressed the Annual General Meeting and highlighted the important events during the year 2010 and the financial results.  There was an increase of revenue of parent company by 13% compared to last year.  The company also obtained the Honorary Shield in the competition of His Majesty’s Cup for Best 5 Factories in the second consecutive year.  The Chairman also stated about the internal regulations of the Company as well as the international wheat prices during 2010.  The Chairman stated that the net profit of the parent company was US$ 2.8 Million, a decrease of 5.8% , while the net profit of group rose by 2.8% to reach to R.O. 3.6 Million. Based on the Company’s policy in distribution of earnings the AGM approved a cash dividend of 35% on the paid-up capital.  The Extraordinary General Meeting also approved to increase the paid-up capital of 4.125 Million Omani Rials to 4,848.500 Million Rials through the exercise of the right of preference.

Invitation to Attend Extraordinary General Meeting & Annual General Meeting of Salalah Mills Co. (S.A.O.G)

The Board of Directors of Salalah Mills Co. (S.A.O.G) invite the shareholders of the company to attend the Extraordinary General Meeting and Annual General Meeting at 5.00 p.m. in the evening of Thursday the 31st March-2011 at Hamdan Plaza Hotel to discuss the following agenda:-

 First: The Extraordinary General Meeting:

 1.  Approval to increase the Company’s issued and paid up capital from R.O. 4,125,000 to R.O. 4,848,500 through the following:-

A.  Issue of 6.875 Million shares (for shareholders to exercise the right of preference of 300 Bz. per share (nominal value of 100 Bz.  plus 200 Bz.  share premium) according to the explanatory leaflet attached.

B.   Allocation of 360,000 shares to employees of the company at 300 Bz. per share (nominal value of 100 Bz. plus 200 Bz. share premium) according to the explanatory leaflet attached.

C.  For the allocation of the remainder of the shares, The members of Board of Directors can exercise the right of preference as per the explanatory leaflet attached.

2.  Amendment of Article (5) of the Articles of Association of the Company.

 Second: The Annual General Meeting

1-    To consider and approve the Board of Directors Report for the financial year ended 31st December 2010.

2-    To review and approve the Corporate Governance Report and Management Discussion & Analysis for the financial year ended 31st December 2010.

3-   To consider the Auditors report and approve the Balance Sheet and the Income Statement for the    financial year ended 31st December 2010.

4-   To approve the Board of Directors’ proposal to distribute a cash dividend of 35% of the paid up capital of the company for the financial year ended 31st December 2010 (35 Baiza per share).

5-    To approve the sitting fees of the Board of Directors and sub committees paid during the financial  year ended 31st  December 2010, and fix the setting fees for the financial  year 2011 (as per the attachment).

6-     To consider and approve the Directors' remuneration of RO 44,772 for the financial year ended 31st December 2010.

7-     To notify the shareholders about the Related Party Transactions during the financial year ended 31st December 2010 (as per the attachment).

8-     To approve the donations made during 2010 amounting to RO 18,773.290

9-       To approve the proposed donations for the year 2011 amounting to RO 25,000.

10-    Election of new Board of Directors (from Shareholders and non-shareholders). A copy of election form should be submitted to the company Two days before AGM, latest by 28/03/2011 No application will be accepted after this date.

11-    To appoint  Auditors for the financial year ending 31st December 2011 and fix their remuneration

Note:

As per the Articles of Association of the Company, every shareholder has the right to authorize by written proxy, any person to attend the General Meeting on his behalf and vote on any resolution. All shareholders are requested to attend the meeting at least half an hour before the meeting. For any Enquiry, please contact MR. MASOUD SALIM AL-AMRI on telephone no. 23219193- ext 109.

COMPLETEION OF BEAUTICIAN TRAINING COURSE SPONSORED BY SALALAH MILLS CO. (S.A.O.G)

The beautician training course undergone by 30 girls from the economically weak families were concluded.  This course was sponsored by Salalah Mills Co. (S.A.O.G) and certificates were issued to the candidates in a brief ceremony held in Salalah Mills Co. (S.A.O.G) on 11/01/2011.  The course was conducted by Centre for Dhofar Women Business Owners Organization, which lasted for 30 days.  The course was aimed at equipping the girls for self-reliance, so these girls can open beauty parlours at their home and generate good income for the benefit of their families.The candidates had a chance to visit the factory during the session which uses latest technologies in milling and uses best quality wheat for producing highest quality products in the domestic as well as export market to suit all industrial and domestic uses.  The candidates admired the products which are sold under different brand names.  The candidates thanked the company for its support of the local community especially the needy groups in theis

Salalah Mills Company, won shield from the Ministry of Commerce and Industry in the competition of the best five factories 2010



 

In celebration of the Ministry of Commerce and Industry’s  Competition for the Cup of His Majesty for  the best five factories in 2010,  H. E  Yousuf bin Alawi bin Abdullah, Minister Responsible for Foreign Affairs presented the  cups and shields and certificates to the winning companies in recognition of their excellent performance.  The ceremony was held in Al Bustan Palace Hotel, which was attended by a number of Ministers and dignitaries including  owners and entrepreneurs of several companies. Engineer  Abdulrahman A. Barham. Member of the Board of Directors of Salalah Mills Co. received the Shield from  H.E.  Minister Responsible for Foreign Affairs on behalf of Salalah Mills Company.It is worth mentioning that the companies that competed for the honor of His Majesty's Cup (40) companies from various industrial sectors could view the  products of winning companies in a  mini-concert gallery.

FINANCING OF TRAINING PROGRAM FOR WOMEN

The General Manager of Salalah Mills Co. SAOG Mr. Ahmed Alawi Al Dhahab  was pleased to announce the financial contribution to the society for training and rehabilitation of the people of the dear homeland, coinciding with 40th National Day Celebration of Sultanate of Oman.  On the eve of Women’s Day, Salalah Mills Co. SAOG  proudly  announced financing of beautician training  program for 30 women aimed at enabling the girls to work and help them for success and self reliance.  This will also help them generate good income for the benefit of all members of the family.

SALALAH MILLS CO. PAYS ONE BASIC SALARY TO ALL EMPLOYEES ON THE OCCASION OF 40TH NATIONAL DAY

On the occasion of Celebration of 40th National Day  the Board of Directors of Salalah Mills Co. has decided to pay full basic salary to all its employees.On this happy occasion Salalah Mills Co. wishes warmest congratulations and blessings to His Majestey Sultan bin Said for the renaissance of Oman. May God protect him – beseeching the Lord Almighty to give good health and happiness to his Majesty – Many many happy returns of this day -let the people of Oman progress and prosper.

Salalah mills mulls RO 7.3 m expansion

The General Manager of Salalah Mills Co. and a Member of Board of Directors of Salalah Macaroni Co. Mr. Ahmed Alawi Al Dhahab said that  the latest decision of the Board of Directors of Salalah Mills Co.  to add a new production line of flour with a capacity of 600 M.T. per day will increase the production capacity of flour to about 1,500 M.T. per day. He recalled that the expansion project include the increase of storage capacity for each of wheat and flour. The cost of the project is  7.3 million Omani Riyals. He added that the signing of the contract to supply the new line with an international company will be held during the next month and the operation is expected to commence in the first quarter of 2012. He explained that the financing for the expansion of the project, from the supplier shall cover part of the cost of the production line. He added that the Board of Directors  will consider to raise capital through the issuance of preference to the right of shareholders at the beginning of next year to cover part of the cost of the project. The remaining part of the cost of the project will be financed by self-financing. The General Manager  of Salalah Mills Co. said that the decision of the expansion is part of the company's strategy to provide flour for growing demands on the company's products of flour in the domestic market and export markets. He added that the company's ability to maintain a high level of quality in their products has resulted in substantial demands on the company's products, which are sold under the brand  name "Al Khareef." The General Manager of Salalah Mills Co. said that the joint Mill for flour and semolina which is being constructed  currently will be completed during the last quarter of this year and  the operation will commence at the end of the first quarter of next year in 2011, God willing. The General Manager of Salalah Mills and the  member of the Board of Directors of Salalah Macaroni Co. said that Salalah Macaroni  is currently working in full capacity. He added that running the second production line dedicated to short pasta will be commenced  during the  next year. The third line of the long pasta is expected to be completed during the end of the third quarter of next year in 2011 which will increase the  plant's yearly production capacity to 93 000 tons of various types of pasta

Salalah Mills Company, contribute to the financing of breaking of fasting in a number of provinces in the Sultanate of Oman

In the context of its ongoing quest to provide support to the community and especially to the needy families and the families of social security and low-income group to loosen their burden  and making them happy in this holy month of Ramadan, the Salalah Mills Company, has decided  to contribute to financing the breaking of  fasting in the number of provinces of the Sultanate, through financing of Omani Women's Associations in Salalah, Sohar , Saham, Nizwa and Sur by way of supplying of flour to the needy families. Mr. Ahmed Bin Amer Shanfari, Deputy General Manager of  the Mills Company, Salalah has emphasized the need to participate  with the women's associations in various provinces of the Sultanate in the distribution of flour to needy families  to achieve its social responsibility towards the community local levels. The flour distribution to  every family in the holy month of Ramadan comes at the best times to meet the needs of families benefiting from this contribution.It is worth mentioning that Salalah Mills Company, produces many of the finest flour for all uses under the brand names of Baker’s Flour, Bread Flour, Home Baking Flour and Arabic Bread Flour apart from Semolina, Harish, Jarish in addition to white flour for mixed use. The Salalah Mills Company, has strengthened all its products with iron and folic acid for improving the health of the  family for the prevention of diseases, especially anemia, which leads to delayed physical and mental growth and the weakness of the immune system.