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Agenda of The Ordinary Assembly Meeting
Results of voting on the Ordinary General Assembly meeting of Retal Urban Development Company:
# Item
1 The report of the Board of Directors for the fiscal year ending on December 31, 2022 AD was reviewed and discussed.
2 Approval of the company's auditor's report for the fiscal year ending on December 31, 2022 AD.
3 The financial statements for the fiscal year ending on December 31, 2022 AD were reviewed and discussed.
4 Approval of the discharge of the Directors from their liabilities for the fiscal year ending on December 31, 2022AD.
5 Approval of the disbursement of an amount of (2,646,041.10) riyals as a reward for the members of the Board of Directors and its committees for the fiscal year ending on December 31, 2022 AD.
6
Approval of delegating the Board of Directors with the powers of the Ordinary General Assembly with the authorization contained in Paragraph (1) of Article 71 of the Companies Law, for a period of one year from the date of approval of the General Assembly or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance with the conditions stated in the regulatory controls and procedures issued In implementation of the Companies Law for listed joint stock companies.
7
Approval of the business and contracts that took place between the company and Ma’ali Holding Company, in which a member of the Board of Directors, Mr. Abdullah Abdul Latif Al Fozan, and Mr. Ali Abdul Latif Al Fozan have a direct interest (related parties). Note that the transaction amount for the year 2022 AD amounted to (67,437,975) Saudi riyals, which is the sale of land without any preferential conditions or advantages.
8
Approval of the business and contracts that took place between the company and the Khobar Sands Company, in which a member of the Board of Directors, Mr. Abdullah Abdul Latif Al Fozan, and a member of the Executive Board of Directors, Eng.
Abdullah Faisal Al-Braikan, have an indirect interest in them (related parties). Note that the transaction amount for the year 2022 AD amounted to 25,450,634 Saudi riyals, which is the sale of land without any preferential conditions or benefits.
9
Approval of the business and contracts that took place between the company and Madar Building Materials Company Limited, in which a member of the Board of Directors, Mr. Abdullah Abdul Latif Al Fozan, and Mr. Ali Abdul Latif Al Fozan have an indirect interest (related parties). Note that the transaction amount for the year 2022 AD amounted to 20,540,930 Saudi riyals, which is the purchase of building materials without any preferential conditions or benefits.
10
Approval of the business and contracts that took place between the company and Bawan Company for Metal Industries, in which a member of the Board of Directors, Mr. Abdullah Abdul Latif Al Fozan, Mr. Fawzan Muhammad Al Fozan, and Mr.
Muhammad Abdul Aziz Al-Aqil have an indirect interest in them (related parties). Note that the transaction amount for the year 2022 AD amounted to 19,302,215 Saudi riyals, which is the purchase of building materials without any preferential conditions or advantages.
