MIME-Version: 1.0 Content-Type: multipart/related; boundary="----=_NextPart_01CAFA56.11ED5B60" This document is a Single File Web Page, also known as a Web Archive file. If you are seeing this message, your browser or editor doesn't support Web Archive files. Please download a browser that supports Web Archive, such as Microsoft Internet Explorer. ------=_NextPart_01CAFA56.11ED5B60 Content-Location: file:///C:/22A7B2C8/04Directorsreport2009English.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" DIRECTORS’ REPORT

DIRECTORS’ REPORT<= /o:p>

FOR THE FIRST QUARTER ENDED ON FEBRUARY 28, 2010.

 <= /b>

On behalf of Board of Director= s, I am pleased to submit the unaudited financial statements of the company for = the first quarter ended on February 28, 2010 along with its related reports.

 

SHC has reported good performa= nce in the first quarter of 2010. Revenue was higher by 13% at RO 1,669,779 as aga= inst RO 1,475,769 in the corresponding period of previous year. Net profit after= tax increased from RO 336,910 in first quarter 2009 to RO 367,239 in the same p= eriod of 2010, a growth of 9%.

 

The total shareholders fund increased from RO 9,536,030 at the end of first quarter 2009 to RO 10,453,3= 69 in the same period of 2010. As a result of this growth, the net assets per share increased from 1.634 to 1.792

 

We are pleased to report that further extension works of PAC facilities at Fahud have started and additio= nal accommodation rooms shall be fully operational by last quarter of 2010. This will improve financial performance of the company and add value to share ho= lder’s fund.

 

On behalf of the Board of dire= ctors, I express our most sincere gratitude to His Majesty Sultan Qaboos Bin Said = for his wise leadership and generous support to the private sector. Also I would extend our gratitude to the Muscat Securities Market, Capital Market Author= ity and other government organizations involved in private sector business development.

 

I conclude this report by expr= essing our appreciation to our shareholders, Petroleum Development Oman, our banke= rs and customers for their valued support and cooperation.

 

For and on behalf of Board of Directors,

 

TALAL BIN QAIS AL ZAWAWI<= /o:p>

CHAIRMAN<= /p>

------=_NextPart_01CAFA56.11ED5B60 Content-Location: file:///C:/22A7B2C8/04Directorsreport2009English_files/header.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"

 

 

 

PAGE=  

 

------=_NextPart_01CAFA56.11ED5B60 Content-Location: file:///C:/22A7B2C8/04Directorsreport2009English_files/filelist.xml Content-Transfer-Encoding: quoted-printable Content-Type: text/xml; charset="utf-8" ------=_NextPart_01CAFA56.11ED5B60--