We, Qaboos bin Said, the Sultan of Oman
after perusal of the Basic Statute of the State issued by Royal Decree 101/96,
the Commercial Companies Law 4/74 and its amendments,
the Financial Law issued by Royal Decree 47/98,
Royal Decree 11/81 Establishing Oman Mining LLC,
and Royal Decree 31/81 Appointing the Members of the Board of Directors of Oman Mining LLC,
and in pursuance of public interest,
have decreed as follows
Article I
The text of article 2 of the Articles of Association of Oman Mining Company attached to the mentioned Royal Decree 11/81 is hereby replaced with the following text:
The company must be managed by a board of directors consisting of six members as follows:
– Five members representing the share of the government and appointed in accordance with the provisions of the mentioned Commercial Companies Law and Financial Law, provided that the chairman of the board of directors is among them.
A decision must be issued by the Minister Supervising the Ministry of Finance to appoint the chairman of the board of directors.
– A member representing Oman Development Bank.
Article II
The mentioned Royal Decree 31/81 is hereby repealed, as well as all that is contrary to this decree or in conflict with its provisions.
Article III
This decree must be published in the Official Gazette, and comes into force on 27 September 1998.
Issued on: 11 Sha’ban 1419
Corresponding to: 30 November 1998
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 636 issued on 1 December 1998.