العربية
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News [2017]

   

Oman ORIX Leasing Company SAOG (“ORIX”) successfully held its Extraordinary General Meeting (“EGM”) with a quorum representing (93.095%) shareholders, on Wednesday the 13th December 2017 at 3 pm, at the Sur Ballroom, Hotel Muscat Holiday, Sultanate of Oman. The shareholders resolved and approved the following:

  1. The dissolution of the Company (Incorporated Company) and its merger by incorporation into National Finance Company SAOG (Incorporating Company) pursuant to Article 13(4)(1) of the Commercial Companies Law (Merger) and authorised the Board of Directors of the Company to complete all formalities with the concerned authorities in connection with the Merger
  2. The Merger consideration for shareholders of the Incorporated Company who opt to receive shares in the Incorporating Company shall be based on the book value per share of the Incorporated Company to the book value per share of the Incorporating Company in accordance with each company's audited financial statements as at 31 December 2017.
  3. The cash consideration for shareholders of the Incorporated Company who opt for the cash offer shall equate to 1.2 multiplied by the book value per share as at 31 December 2017.
  4. Authorised the Board of Directors to take all necessary steps and appropriate decisions to complete the Merger, including but not limited to signing all documents, filing and registering any document with the relevant authorities
 
 

 

Shahin Mohammad Al Balushi

Chief Executive Officer

   
 
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