Salalah Mills Company held a Ramadan Group Iftar

Salalah Mills Company held a Ramadan Group Iftar on 11/09/2008 for its employees at Hilton Salalah, with the presence of the General Manager of the company Mr. Ahmed Alwi Al Dhahab.

Extension of Right Issues

Financial Services Company is please to announce that in response to the request of Salalah Mills Co's share holders , the right issue date will be extended up to 05/05/2008.

Issuing Banks:
• Bank Muscat 
• Dhofar Bank 
• Oman Arab Bank 

For any further information, call the Issue manager 
( Financial Services SAOG) on the following numbers:

1. Salalah : +968 23299728 / 23299738 
2. Muscat : +968 24817208 / 24817305 

The Annual General Meeting of Salalah Mills Co. was held at Hamdan Plaza on 27th March 2008 and approved the followings: 

1.  Approval of Board of Directors’ Reports for the year ended on 31/12/2007.
2.  Approval of Corporate Governance Report for the year ended on 31/12/2007.
3.  Approval of Auditors Reports & Financial Statement for the year 2007.
4.  Approval of the distribution of 20% cash dividend of paid-up capital (Baiza 200 per share)
5.  Approval of the setting fees for the Board of Directors and Committees Members for 2007 and setting the fees for 2008.
6.  The Approval of Board remuneration for 2007 amounting to RO. 21,120/-.
7.  Approval of transactions performed by the company with related parties for the year ended on 31/12/2007.
8.  Approval of donations made during 2007 amounting to RO 14,225
9.  Approval of proposed donations for the year 2008 amounting to RO 20,000. 
10. 

The election of new Board members for the period 2008 – 2011 as follows:-

1 Sheikh Ahmed Abdullah Al Rawas
2. Sheikh Bakhit Said Salim Al Shanfari
3. H.E. Salem Abdullah Burham Ba Omar
4. H.E. Ahmed Abdullah Muqaibil
5. Sheikh Ahmed Alawi Abdullah Bait Ibrahaim
6. Sheikh Hamoud Mustahail Ahmed Al Mashani
7. Eng. Abdulrahman Awad Abdullah Barham
8. Eng. Said Salim Ahmed Al Shanfari 
9. Sheikh Yasar Abdullah Al Rawas
 

11.  Appointment of Talal Abu Gazaleh Audit Office as external auditors for the year ending 31 December 2008. 

The new Board of Directors met and chose Sheikh Ahmed Abdullah Al Rawas as Chairman and Sheikh Bakhit Said Salim Al Shanfari as Vice Chairman. The Audit Committee was reformed as follows:
• Sheikh Bakhit Said Salim Al Shanfari - Head
• H.E. Salem Abdullah Burham Ba Omar - Member
• H.E. Ahmed Abdullah Muqaibil - Member
• Sheikh Ahmed Alawi Abdullah Bait Ibrahaim - Member
• Eng. Said Salim Ahmed Al Shanfari - Member

ANNUAL STAFF GATHERING & BEST EMPLOYEE 
AWARD FUNCTION-2007

Salalah Mills Co. (SAOG) conducted the Annual Staff Gathering at Crown Plaza Resort Hotel on 21st Feb-2008 in the evening. During the function as usual awards and certificates were given away to the Best Employees of the company during the year 2007. Certificates were also given away to the employees who have completed 10 years of service with the company. 

The gathering was presided over by General Manager Mr. Ahmed Alawi Al Dhahab and he congratulated all employees for their performance and also highlighted the objectives and action plan for the ensuing year 2008. The meeting was also attended by Deputy General Manager other Departmental Managers and all Staff Members. The presence of Director Eng. Abdulrahman Barham as well as several dignified guests from neighboring GCC countries and customers made the function a grand success.

Salalah Mills Co. (SAOG) conducting three seminars on bread quality improvements

Salalah Mills Co. (SAOG) shall conduct three seminars on bread quality improvement during the month of March-2008. These seminars will be held in Muscat, Sohar and Salalah. Bakers and technical personnel of the bakeries in these Cities can participate in these seminars.

As stated by Mr. Ahmed Alawi Al Dhahab, the General Manager of Salalah Mills Co. the areas that are to be covered in these seminars are bread ingredients, bread improvers, the proper ways of making the bread, bakeries hygiene and personal hygiene and their effect on bread quality and providing proper solution to the problems of bakers. Mr. Al Dhahab mentioned that the seminars will also highlight the Omani standards on flour industry and its impact in improving the quality of all bread varieties.

Disclosure of Salalah Mills Co.’s EGM Resolutions
 
The shareholders of Salalah Mills Company met on Thursday evening 3/1/2008 and approved the following resolutions:

1.  To increase the authorized capital from 2.5 million to 7 million.
2. To increase the issued capital from RO 2.500.000 to 3.750.000 through right issue.
3. To issue unsubscribed shares as per the list sent to shareholders. 
 

Disclosure of Salalah Mills Co's Board of Directors Meeting Resolution

  1. To increase the authorized capital from 7,000,000 million to 10,000,000 million
  2. To increase the issued capital from RO 3.750 Million to 7.500 Million through rights issue and to allocate a percentage of increased capital to Company Staff which to be decided later.
  3. To divide the share value from 1 Rial to 100 Baisa, so that each share holder will get 10 shares for each share he owns.
  4. Agreed to build a combined mill for Semolina and Flour and to increase the Wheat storage capacity with a total cost of 13.6 Million.
  5. Reforming the Company committees as follows

Executive  committee

Sheikh Ahmed Abdullah Al Rawas                       Head

Eng. Abdulrahman Awad Barham                       member

Sheikh Hamoud Mustahail Al Mashani                 member

Eng. Said Salim Ahmed Al Shanfari                    member

Audit committee

Sheikh Bakheet Said Salim Al Shanfari               Head

HE Salim Abdullah Barham Ba omar                    member

HE Ahmed Abdullah Muqaibal                              member

Sheikh Ahmed Alwi Abudllah Al Ibrahim             member

Sheikh Yasar Abdullah Al Rawas                         member

Note:-        1.the first 3 resolutions need approval of EGM and CMA.

     2. the share value of rights issue will be decided later.  

Salalah Mills Company (S.A.O.G.) provides support to Al Nour Association for the Blinds

The president of Al Nour Association of the Blind receives a cheque from the General Manager of Salalah Mills Company, Mr. Ahmed Alawi Al Dhadab as a part of the support the company provides to the Association of the Blind and the other local Associations in order to help them in achieving their goals.