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Agenda of The Ordinary Assembly Meeting
The Board of Director of Retal Urban Development Company is delighted to provide you with agenda items of the Ordinary General Meeting for deliberation and voting on 04/12/1444H corresponding to 22/06/2023G at 19:00 noon time, which will be convened via modern technology means, as shown below.
# Item
1 Viewing and discussing the report of the Board of Directors for the fiscal year ending on December 31, 2022.
2 Voting on the company's auditor's report for the fiscal year ending on December 31, 2022.
3 Viewing and discussing the financial statements for the fiscal year ending on December 31, 2022.
4 Voting to absolve the members of the Board of Directors from liability for the fiscal year ending on December 31, 2022.
5 Voting on 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.
6
Voting on 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
Voting on 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
Voting on 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
Voting on 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 amounted to 20,540,930 Saudi riyals, which is the purchase of building materials without any preferential conditions or benefits.
10
Voting on 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
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year 2022 AD amounted to 19,302,215 Saudi riyals, which is the purchase of building materials without any preferential conditions or advantages.
