Date: 28/12/2023
| Element List | Explanation |
|---|---|
| Introduction | Abdullah Saad AboMOati CO, AnnoucesAnnouces the Results of the Extraordinary General Assembly Meeting , ( Third meeting) which was held at 8:30 pm on Wednesday 14/ 06 / 1445 AH corresponding to 27 / 12 / 2023, through technical means, after the quorum for the validity of the meeting of the Assembly is present in accordance with the Company’s Articles of Association. |
| City and Location of the General Assembly’s Meeting | The company’s head office is in Riyadh. (by means of modern technology) |
| Date of the General Assembly’s Meeting | 2023-12-27 Corresponding to 1445-06-14 |
| Time of the General Assembly’s Meeting | 20:30 |
| Percentage of Attending Shareholders | 22.34% |
| Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees | The following board members attended:
1. Dr. Saad Abdullah AboMoati (Chairman) 2. Mr.Mohammed bin Omair Al-Otaibi (Deputy Chairman) 3. Mr. Mohammed Abdullah AboMoati 4. Mr. Saeed Omar Basaeed 5. Mr. Yousef Mohammed Alqafari 6. Dr. Omar Mohammed Alrayes 7. Mr.Ahmed bin naga AL-dhiabi 8. Mr. Meshari Abdulrhman Alnashmi
And apologies was received from: 1. Mr. Abdullah Saud AlRashod |
| Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their Behalf | 1. Mr. Mohammed bin Omair Al-Otaibi (Chairman of the Audit Committee).
2. Dr. Omar Mohammed Alrayes (Chairman of the Remuneration and Nomination Committee). |
| Voting Results on the Items of the General Assembly’s Meeting Agenda’s | 1-Not Approval on the division of the company’s shares according to the following:
– The nominal value of the share before the amendment: (10) SAR. – The nominal value of the share after the adjustment: (1) SAR. – The number of shares before the amendment: 20,000,000 Shares. – The number of shares after modification: 200,000,000 Shares. – There is no change in the company’s capital before and after the stock split. – Effective date: If the clause is approved, the division decision will be effective for all shareholders of the company who own shares on the day of the extraordinary general assembly and are registered in the company’s shareholder register with the securities depository center company (Edaa) at the end of the second trading day following the date of the extraordinary general assembly. – Not Approval on Amending Artical No. (7) of the company’s bylaws related to the company’s capital. – Not Approval on Amending Artical No. (8) of the company’s bylaws related to the subscription to shares.
2- Approval on amending the company’s bylaw to comply with the new companies law, and rearranging the articles of the system and numbering them to comply with the proposed amendments.
3- Approval on transferring the balance of the statutory reserve amount to (7,034,174) SAR as in the financial statements for the year ending on 31/03/2023 to retained earnings.
4- Approval on amending the audit committe charter.
5- Approval on amending the policies standards and procedures of membership in the Board of Directors. |
