Board of Directors resolutions’ disclosure
Phoenix Power Company SAOG (the “Company”) advises the Capital Market Authority, the Muscat Securities Market and the investors’ community that it has resolved the following at the meeting of the Board of Directors held on 29 October 2019:
Approval of the unaudited quarterly financial statements for the 9-month period ended 30 September 2019 together with the Board of Directors’ Report.
Acceptance of the resignation of Mr. Hiromi Sakakibara from his position as a member of the Board and a representative of JERA Power Management Mid East B.V. with effective from 29 October 2019 due to personal related reasons.
Acceptance of the appointment of Mr. Jun Sano, who has more than 27 years experiences in power sector, as a member of the Board, as a representative of JERA Power Management Mid East B.V with effective from 29 October 2019.
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Koichi Matsumoto
Chief Financial Officer / Disclosure Officer