MUSCAT: The shareholders of Taageer Finance Company SAOG unanimously approved the resolutions of the General Assembly meeting held on December 18, 2017 at the Muscat Intercontinental Hotel, headed by Shaikh Faisal bin Khamis al Hashar and attended by members of the Board and Executive Management to discuss the following agenda:
1. The issue of 5,000,000 (Five million) Unsecured, Subordinated, Non-Convertible Bonds for RO 5,000,00 million (Rial Omani Five Million only) with a Green-Shoe option of 2,500,000 (Two Million Five Hundred Thousand) RO 2.5 Million (Rial Omani Two Million Five Hundred Thousand only) Additional Bonds by way of private placement.
2. Authorizing the Board of Directors to take all the necessary actions to conclude the Bonds issuance.
3. Amending Article (4) of the Articles of Association of the Company for adding an activity of credit cards issuance, credit card issue and other activities auxiliary to financial intermediation.
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