Muscat Electricity Distribution Company Hold the Ordinary General Assembly meeting
Yesterday Muscat Electricity Distribution Company - a member of the Nama Group - held The Annual General Meeting to discuss several topics on the agenda of the meeting in the presence of the shareholders, the chairperson of the board of directors and a representative of the external auditor of the comapny .
The Annual General Meeting discussed the Board of Directors report for the financial year ended 31/12/2017, the auditor’s report, and the approval of the balance sheet for the same year.
It is worth mentioning that Muscat Electricity Distribution Company a– Member of the Nama Group - is a closed joint stock company established in 2005. The company is owned by Electricity Holding Company by 99.99%, Nama Institute for Competency Development LLC by 0.005% and Nama Shared Service LLC by 0.005%. MEDC is licensed by the Authority for Electricity Regulation, Oman (AER) for the Distribution and Supply of electricity in the Muscat Governorate.