Date: 19/09/2024
| Element List | Explanation |
|---|---|
| Introduction | Abdullah Saad AboMOati CO, Annouces the Results of the Ordinary General Assembly Meeting , ( second meeting) which was held at 8:30 pm on Wednesday 15 / 03 / 1446 AH corresponding to 18 / 09 / 2024, through technical means.
Deu to the lack of a quorum in the first meeting, the second meeting was held an hour after the scheduled time for the first meeting, where the quorum was completed and the attendance rate (remotely) represented %15.32 of the total shares of the company. |
| 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 | 2024-09-18 Corresponding to 1446-03-15 |
| Time of the General Assembly’s Meeting | 20:30 |
| Percentage of Attending Shareholders | 15.32% |
| 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. Saeed Omar Basaeed 5. Yousef Mohammed Alqafari 6. Dr. Omar Mohammed Alrayes 7. Mr.Ahmed bin naga AL-dhiabi
And apologies was received from: 1. Mr. Abdullah Saud AlRashod 2. Mr. Meshari Abdulrhman Alnashmi |
| 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- the Board of Directors Annual Report for the fiscal year ended on 31-03-2024 have been reviewed and discussed.
2- Approval of the auditor report on the Company accounts for the fiscal year ended on 31-03-2024. 3- the financial statements for the fiscal year ended on 31-03-2024 have been reviewed and discussed. 4- Approval of the Audit Committee recommendation RSM Allied Accountants to appoint the external auditor to examine, review and audit the financial statements for the second, third quarter of 2024, fourth quarter of 2025, Annual from 01-04-2024 to 31-03-2025 and the first quarter that ended on 30-06-2025 and set their fees are 397 thousand riyals.
5-Not Approval of pay (SAR900,000) as remuneration for the Board Members for the financial year ended 31-03-2024.
6. Approval to delegating the Board of Directors to distribute interim dividends on a biannual or quarterly basis for the fiscal year ended 31-03-2025. |
