United Finance Company SAOG announced that at the annual general meeting held on March 27, 2013, the company approved the proposal to distribute cash dividend at the rate of 8 baize per share for the year ended December 31, 2012.

Mr. Waseem Salah Qaraeen representing self (independent) was elected as board member for the upcoming 3 year period. Immediately following the AGM on the same day, the board of directors met and unanimous decisions were taken with regard to the reconstitution of the board sub-committees. Mr. Eihab Maqbool Hameed Al Saleh was appointed as Chairman of the audit committee and Ahmed Mohamed Mansour, Hussam Hisham Omar Bostami and Waseem Salah Qaraeen were appointed as members of the audit committee. Shaikh Sulaiman Ahmed Al Hoqani was appointed as Chairman of the credit committee and Behram Keki Divecha and Hussam Hisham Omar Bostam were appointed as members of the credit committee.