2020 achievements:
Accelerating the application of the electronic AGMs system and the electronic voting system on AGMs decisions (E-voting). The company's decision contributed to accelerating the implementation of the system before the specified date in the possibility of holding AGMs for joint-stock companies during the month of June 2020 after the forced postponement of holding AGMs within a month of March as scheduled due to the spread of the Coronavirus and in compliance with the implementation of the decisions of the Supreme Committee in charge of the impact of the spread of the Coronavirus in preventing gatherings and meetings during that period.
The efforts made by the company in facilitating the process of holding assemblies electronically and voting on its decisions have contributed to the completion of a legal requirement in which companies are required to hold general meetings to approve financial statements, dividends and other items that are usually presented to
the general meetings of these companies.
In line with the current situation at the time, the CMA issued instructions regarding the possibility of holding AGMs electronically by using the Muscat Clearing and Depository platform, which has become a pioneering experience in the region within a short period.
2. The completion of the preparation of the business continuity plan and its actual implementation during the period of complete quarantine of the state of Muttrah, and the implementation of practical updates to activate the characteristics of (the emergency plan). The company used all the tools available to activate the work in the alternative sites, which the company worked to launch and activate several years ago. In view of the circumstances that the Sultanate and the world have gone through, the company has relied on developing alternative site systems and completing their infrastructure of systems, programs, work procedures and clear plans.
Muscat Clearing and Depository
About Company
Established: 01.02.1999
Managing director: Haitham Salim AL Salimi
Address: Sultanate of Oman Muscat - Ruwi P.O.Box:952
PC:112
Contact person: Ahmed Suliman Al-Kindi
Contact email: [email protected]
Website: www.mcd.gov.om
- Joined FEAS in 2019-
Mr Haitham Salim Al Salmi
General Manager (CEO)
"The year 2020 is a different and difficult year by various measures due to the great events that occurred during it, which had an impact on the economies of all countries, and this in turn , reflected in the performance of most companies and institutions.
As soon as the world surpasses the impact of the significant drop in global oil prices with the beginning of March 2020, and its effect on most transactions, this was followed directly by the effects and quarantines between countries and economies, and in many cases between regions of one country as a result of the spread of the Corona virus (Covid 19).
Despite all these challenges and difficulties during the past year, your company was able to achieve and recording a historical performance rates in relation to total revenues as well as rates of profits achieved for the year. The company has benefited from the completed infrastructure in its programs and systems to enable it to cope with and adapt this to the emergency and difficult circumstances that have achieved The Company has exceptional performance rates on all measures." - Haitham Salim Al Salmi
Yearbook 2020
FEAS Talks with Mr Al Salmi
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