Page 16 - SAMENA Trends - May 2020

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

goals were investing RO 10 million in social the building. This will contribute to saving Omantel has received in a special gala in
responsibility programs and covering 95% energy from non-renewable sources and Lisbon in Portugal the Green Era Award,
of the populated areas in the Sultanate preserving the environment. On her part, one of the most prestigious global
with broadband services at speeds of Laila Mohammed al Wahaibi, Manager of sustainability awards, she continued.
not less than 10 Mbps. Within the people Corporate Social Responsibility at Omantel “Omantel, which launched 5G network last
theme, we also targeted enhancing the said, “We are proud to be one of the leading December, was the first operator to launch
capabilities of employees and empowering companies that produce sustainability this technology in the Sultanate. The
them to become future leaders at various reports in the Country which reflects our move is considered as a qualitative leap
levels of the company. Today, we are proud transparency approach and commitment and the most important technical event
to announce that we have reached the to all stakeholders. The report provides in- during the past year. Omantel’s network
social responsibility objective a year ahead depth information about Omantel’s social, is expected to contribute to meeting the
of schedule. ", he added. “The move to the economic and environmental performance growing demands for broadband services
new headquarters of the company has covering the period from 1 January to 31st as well as enabling the adoption of Fourth
contributed to improving many indicators of December 2019”. Omantel CSR focus Industrial Revolution technologies. This
as we have taken into consideration many areas included improving the quality of will be a valuable addition to the digital
sustainability aspects at the design stage life of the targeted groups and achieving transformation efforts in the Sultanate",
and while awarding the construction works digital inclusion by supporting important she furthered. "Our efforts in preserving the
to contractors. Among the key criteria was sectors such as education and health environment contributed to a significant
the purchase and procurement of local in addition to promoting HSE behaviors, reduction in the use of paper by 75% i.e.
materials and services - which accounted entrepreneurship and small businesses," from 4 million paper sheets in 2017 to one
for more than 46% in the project. We have she added. “Omantel seeks to adopt best million papers in 2019. During the past
also used recycled materials without international practices to ensure that the year, we sent more than 4.6 million e-bills,
compromise on the quality of the building environmental system in the Sultanate which represent 23% of 19.9 million bills
to help conserving environment. The of Oman is not compromised despite we issue every year. This has resulted
building is also in compliance with U.S the rapid and successive developments in saving of 1017 trees. "Omantel is the
LEED design criteria to provide a work and the digital transformation that we Sultanate's first and leading integrated
environment that help employees in are witnessing. Omantel, which pays telecommunications services provider,
improving the productivity. We provided our great attention to electricity and water enabling the digital society to flourish,
staff with proper lighting, ventilation and issues, closely monitors the consumption allowing new ways of doing business and
means that help them rationalize power of electricity and looks for alternatives delivering a world of information, news
consumption”, he concluded. It is worth such as renewable energy. It also and entertainment. While seeking to get
noting that Omantel new headquarter carries out several campaigns to raise optimum customer satisfaction, Omantel
has been designed to use the steel mesh awareness among members of society plays a key social role to provide the
surrounding the building to install solar of the importance of saving electricity. required support and subsidy to all sectors
panels to provide the energy required for In recognition of its noticeable efforts, of the Omani society.

Omantel GA Meeting Approves the Amendments of the Company Articles
of Association and Financial Statements for 2019

Oman Telecommunications Company external auditors of the company, the legal Baisas per share), based on the Capital
(Omantel) held its first two e- extraordinary advisor, the observer of the Capital Market Market Authority ‘s circular No. 4/202
and ordinary general assembly meetings Authority and the Shareholders. The dated March 18, 2020. The ordinary general
in line with the decisions of the Supreme meeting approved the amendments made assembly also approved the company's
Committee Tasked With Handling the to the company's articles of association financial results for 2019 and approved
Developments Of Coronavirus (COVID-19) (MoA) to ensure compliance with the the amount allocated for the community
Pandemic and the directives of the Capital Commercial Companies Law issued by support for 2020. The general assembly
Market Authority. As per these instructions, Royal Decree No. 18/2019. According to also elected by secret ballot 9 members
public joint stock companies were asked the new amendments, all members of (from the shareholders and others) for the
to hold their annual general assemblies the Board of Directors are elected by the new term namely His Excellency Abdul
remotely as per the guidelines set by CMA. general assembly of the company. The Salam Al Murshidi, Saud Al Nahari, Khaled
The extraordinary general assembly of the extraordinary meeting was followed by the Al Khalili, Ayman Al Hosni, Sayyid Zaki Al
company, which was held on May 10, 2020, annual ordinary general assembly meeting Busaidi, Matar Al Mamari, Mulham Al-
was chaired by His Excellency Abdul Salam which took note of the Company's decision Jarf, Atef Al Siyabi, and Muslim Al-Barami.
Al Murshidi, Chairman of the Board of to distribute cash dividends to registered The new board held its first meeting and
Directors in the presence of board members, shareholders as of March 26, 2020 (55 elected His Excellency Abdul Salam bin

16 MAY 2020