CORPORATE SOCIAL RESPONSIBILITY 2016

Corporate Social Responsibility (“CSR”) is linked to the company purposes and activities. The company seeks to exercise its role as good citizen and to mitigate any adverse impact of its activities on the national economy, community or environment at large. The company (represented by the board of directors) has to develop a CSR charter or code. The board shall task the executive management or an external consultant to provide a policy proposal for approval by the board.

The executive management developed an annual strategy, through which it will deliver the company’s CSR philosophy, policies, and community-based principles. The strategy outlined the allocated budget, available support and participation means, the values and principles which the company seeks to disseminate through the different CSR activities and the Community segments or social fields targeted by the company.

Hereinafter a special report on CSR activities detailing such activities, expended amounts, and its impact and sustainability assessment.

The company contributed RO. 29,501 to the programmes of social responsibility as following:-

--         The Board proposes to reserve for 30,000 for the initiative Corporate Social Responsibility to be spent for the year 2017.

CORPORATE SOCIAL RESPONSIBILITY 2016

AMOUNT PAID FOR CORPORATE SOCIAL RESPONSIBILITY AS AT 31/12/2015