General Assembly Meeting Results :
1. Approve on the Board of Directors' report for the fiscal year ending on 31-12-2020G.
2. Approve on the auditor/s report on the Company’s accounts for the fiscal year ending on 31-12- 2020G.
3. Approve on the financial statements for the fiscal year ending on 31-12-2020G.
4. Approve on discharge the members of the Board of Directors from liability for the fiscal year ending on 31-12-2020G
5. Approve on the Board resolution to appoint Eng.Ibrahem Yousef Al-Mubarak as an - independent board member starting from the date of his appointment on 01/04/2021G until the end of the current board term on 20/01/2023G. , succeeding the former board member Mr. Sulaiman Abdulaziz Al-Twaijri – Non-Executives Member . .(CV attached)
6. Approve on the Board’s resolution to appoint (Saleh Hassan Al-Afaleq – Independent Member ) as an Audit Committee member, starting from 07/10/2020 G. until the end of the current committee’s term on 20/01/2023 G., to succeed the former committee member (Dr.Sulaiman Abdullah Al-Sakran , Non-Executive Member ), effective from the date of the resolution issued on 07/10/2020. This appointment is in accordance with the Audit Committee Regulations. (CV attached)
7. Approve on the Board’s resolution to appoint (Dr.Sulaiman Abdullah Al-Sakran – Member out of the board) as an Audit Committee member, starting from 22/03/2021G. until the end of the current committee’s term on 20/01/2023 G., to succeed the former committee chairman (Dr.Sulaiman Abdulaziz Al-Twaijri , Non-Executive Member ), effective from the date of the resolution issued on 22/03/2021G. This appointment is in accordance with the Audit Committee Regulations. (CV attached)
8. Approve on the Audit Committee Amendment regulations. (Attached)
9. Approve to vote on increasing the number of members of the Audit Committee from (3) to (4) seats, so that the number of members of the Audit Committee becomes (4) members by appointing (Eng. Ibrahim Yosef Al-Mubarak , Independent Member ) as a member of Audit Committee starting from the date of the assembly's approval until the end of the current committee’s term of office on 20/01/2023 G. (CV attached)
10. Approve on amending CG regulations .(Attached)
11. Approve on appointing AlKhrashi & Co Mazars as an external auditor for the Company among the candidates based on the Audit Committee's recommendation. The appointed auditors shall examine, review and audit the (second, third, and fourth) quarter and annual financial statements, of the fiscal year 2021G., and the first quarter of the fiscal year 2022G., and the determination of the auditor's remuneration
12. Approve on the business and contracts that will be concluded between the company and
Al Othman Agriculture Production and Processing Company (NADA), one of Al-Othman Holding companies, in which the Chairman of the Board of Directors Mr. Abdulmohsen Mohammed Al-Othman has an indirect interest in, as he is a senior executive and one of the owners of main shareholder of NADA (Al-Othman Holding Company). The said transaction is an agreement to purchase plastic containers from Takween factories. The value of the transaction in 2020 was (64) million riyals, provided this transaction is based on commercial bases without preferential terms. (Attached)
13. Approve on the business and contracts that will be concluded between the company and Systems of Strategic Business Solutions Company (SSBS), one of Al-Othman Holding companies, in which the Chairman of the Board of Directors Mr. Abdulmohsen Mohammed Al-Othman has an indirect interest, as he is a senior executive and one of the owners of the main shareholder of SSBS (Al-Othman Holding Company). The said transaction is a technical management services and supply of computers. The value of the transaction in 2020 was (6.2) million riyals. Provided this transaction is based on commercial bases without preferential terms. (Attached)
14. Approve on the business and contracts that will be concluded between the company and Al Othman Agriculture Production and Processing Company (NADA), one of Al-Othman Holding companies, in which the Chairman of the Board of Directors Mr. Abdulmohsen Mohammed Al- Othman has an indirect interest in, as he is a senior executive and one of the owners of the main shareholder of NADA (Al-Othman Holding Company). The said transaction is staff housing services, support services, general maintenance, and pest and reptile control. Further. The value of transactions in the year 2020 was (3.69) million riyals. Provided the transaction is based on commercial bases without preferential terms. (Attached)
15. Approve on the business and contracts that will be concluded between the company and Al- Othman Holding Company, in which the Chairman of the Board of Directors Mr. Abdulmohsen Mohammed Al-Othman has an indirect interest in, as he is a senior executive and one of the owners of. The transaction is lease contract for the land of the Saudi Plastic Packaging Systems Factory and the SAAF Company factory in Al-Jaran. The value of the said transaction in 2019 was (597) thousand riyals. Provided this transaction is based on commercial bases without preferential terms. (Attached)
16. Approve on the business and contracts that will be concluded between the company and Mohammed Al-Othman Travel and Tourism Agency, one of Al-Othman Holding companies, in which the Chairman of the Board of Directors Mr. Abdulmohsen Mohammed Al-Othman has an indirect interest in, as he is a senior executive and one of the owners of the main shareholder of Mohammed Al-Othman Travel and Tourism Agency (Al-Othman Holding Company).The said transaction is about issuing tickets for the use of companies and individuals. The value of the transaction in 2020 was (1.3) million riyals. Provided this transaction is based on commercial bases without preferential terms. (Attached)
17. Approve on the business and contracts that will be concluded between the company and Al- Othman Holding Company, in which the Chairman of the Board of Directors Mr. Abdulmohsen Mohammed Al-Othman has an indirect interest in, as he is one of the senior executives and one of the owners of Al-Othman Holding Company. The said transaction is to reimburse the expenses and fees of the Advanced Fabrics (SAAF) office in China. The value of the transaction in 2020 was (17) thousand riyals. Provided this transaction is based on commercial bases without preferential terms. (Attached).
18. Approve on the business and contracts that will be concluded between the company and Al- Othman Industrial Marketing Company (IMCO), one of the Al-Othman Holding companies, in which the Chairman of the Board of Directors Mr. Abdulmohsen Mohammed Al-Othman has an indirect interest in, as he is a senior executive and one of the owners of the main shareholder of IMCO (Al-Othman Holding Company). The said transaction is a process of supplying industrial supplies. The value of the transaction in 2020 was (19,6) thousand riyals. Provided this transaction is based on commercial bases without preferential terms. (Attached)
19. Approve on the business and contracts that will be concluded between the company and Clean Environmental Technologies Company - Environmental Consultants, one of Al-Othman Holding companies, in which the Chairman of the Board of Directors Mr. Abdulmohsen Mohammed Al- Othman has an indirect interest in, as he is a senior executive and one of the owners of the main shareholder of Clean Environmental Technologies Company (Al-Othman Holding Company).
The said transaction is about environmental studies. The value of the transaction in 2020 was (180,5) thousand riyals. Provided this transaction is based on commercial bases without preferential terms. (Attached)
20. Approve on the business and contracts that will be concluded between the company and Al- Othman Holding Company, in which the Chairman of the Board of Directors Mr. Abdulmohsen Mohammed Al-Othman has an indirect interest in, as he is a senior executive and one of the owners of Al-Othman Holding Company. The Transaction is a rental contract for the General Administration Offices and Maintenance Expenses of the Company. The value of the transaction in the year 2020 was (1.1) million riyals. Provided this transaction is based on commercial bases without preferential terms. (Attached)
21. Approve on the business and contracts that will be concluded between the company and Kempinski Al-Othman Hotel, one of the Al-Othman Holding Company, in which the Chairman of the Board of Directors Mr. Abdulmohsen Mohammed Al-Othman has an indirect interest in, as he is a senior executive and one of the owners of Al-Othman Holding Company. The transaction is about housing the Company’s guests and holding the Company’s events. The value of the transaction in 2020 was (95) thousand riyals. Provided this transaction is based on commercial bases without preferential terms. (Attached)
22. Approve on the business and contracts that will be concluded between the company and Mohammed Al-Othman Contracting Establishment, which is owned by the chairman of the board
of directors of Al-Othman Holding Company, in which the Chairman of the Board of Directors Mr. Abdulmohsen Mohammed Al-Othman has an indirect interest in, as he is a senior executive and one of the owners of Al-Othman Holding Company. The said transaction is about construction works for the Company's factories under specific purchase orders and after obtaining competitors' quotations. The value of the transaction in the year 2020 was (22) thousand riyals.
Provided this transaction is based on commercial bases without preferential terms. (Attached) 23. Approve on the business and contracts that will be concluded between the company and Gulf
Desert Chemical Company (GDC), which Al-Othman Holding Company is a shareholder of.
Accordingly, the Chairman of the Board Mr. Abdulmohsen Mohammed Al-Othman has an indirect interest in it, as he is a senior executive and one of the owners of Al-Othman Holding Company. The transaction is a supply of chemical materials to the Company's factories. The value of transactions in the year 2020 was (1.35) million riyals. Provided this transaction is based on commercial bases without preferential terms. (Attached)
24. Approve on the business and contracts that will be concluded between the company and Walaa Cooperative Insurance Company, one of the companies whose board members include two members of the Board of Directors of Takween (Dr. SolaimanBin Abdulaziz Al-Twaijri and Mr.
Jameel Abdullah Al Molhem). Accordingly, both of the two Board members have an indirect interest in such transaction. The transaction is a medical insurance for the employees of Takween.
The value of the transaction in 2021 is an amount of (3,370) million riyals. Provided this transaction is based on commercial bases without preferential terms. (Attached)
25. Approve on the business and contracts that will be concluded between the company and Al-Ahsa Medical Services Company which Mr. Abdulmohsen Mohammed Al-Othman (the Chairman of Takween’s Board) is a board member and chairman of. Accordingly, Mr. Al-Othman has an indirect interest in such transaction. The said transaction is a medical examination for new workers at Takween factories in Al-Ahsa. The transaction value during the year 2020 was an amount of (35.4) thousand riyals. Provided this transaction is based on commercial bases without preferential terms. (Attached)
26. Approve on the business and contracts that will be concluded between the company and the National Agricultural Development Company (Nadec), which Dr. SolaimanBin Abdulaziz Al- Twaijri (Vice Chairman of Takween’s Board) is a board member of. Acorridngly, Dr. Al-Twaijri has an indirect interest in this transaction. The transaction is an agreement to purchase plastic containers from Takween factories. The value of the transaction in 2020 was (32.9) million riyals.
Provided this transaction is based on commercial bases without preferential terms. (Attached)
