General Assembly Meeting Results:
1.Reviewed and discussed the Board of Directors' report for the fiscal year ending on 31\12\2022G.
2. Approving the auditor/s report on the Company’s accounts for the fiscal year ending on 31\12\2022G.
3. Reviewed and discussed financial statements for the fiscal year ending on 31\12\2022G.
4. Approving the discharge of the members of the Board of Directors from liability for the fiscal year ending on 31\12\2022G.
5. Approving of appointing (Alkharashi &Co Mazars) among the candidates based on the Audit Committee's recommendation. The appointed auditors shall examine, review, and audit the second, third, fourth quarter and annual financial statements, of the fiscal year 2023 G., and the first quarter of the fiscal year 2024G., and the determination of the auditor's remuneration.
6. Approving on the formation of the audit committee for the new session, which starts from the date of the assembly meeting on 11/04/2023 until the end of the session on 20/01/2026 and to approve its tasks, work controls, rewards, and approval to appoint the following candidates:
1-Mr. Saleh Hassan Al -Afaleq (Chairman of the Audit Committee - independent member).
2- Mr. Ibrahim Yousef Al-Mubarak (Member of the Audit Committee - Non-Executive Member) 3- Mr. Suleiman Abdullah Al-Sakran - (member from outside the Bored)
4- Mr. Walid Muhammad Al-Othaimeen - (member from outside the Bored)
7. Approving 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 from 01 \01 \2023 to 31 \12 \2023 purchasing plastic containers from Takween factories. The value of the transaction in 2022 was (90 ,351) million riyals , provided this transaction is based on commercial bases without preferential terms.
8. Approving on the business and contracts that will be concluded between the company and AlOthman 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 an agreement from 01\01\2023 to 31\12\2023 is staff housing services, support services, general maintenance, and pest and reptile control. Further. The value of transactions in the year 2022 was (2,15) million riyals. Provided the transaction is based on commercial bases without preferential terms.
9. Approving 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 said transaction is an agreement from 01\01\2023 to 31\12\2023 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 2022 was (597) thousand riyals. Provided this transaction is based on commercial bases without preferential terms.
10. Approving on the business and contracts that will be concluded between the company and AlOthman 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 an
agreement from 01\01\ 2023 to 31\12\2023 is a process of supplying industrial supplies. The value of the transaction
in 2022 was (14,5) thousand riyals. Provided this transaction is based on commercial bases without preferential terms.
11.Approving 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 an agreement from 01\01\2023 to 31\12\2023 about environmental studies. The value of the transaction in 2022 was (120,8) thousand riyals. Provided this transaction is based on commercial bases without preferential terms.
12. Approving on the business and contracts that will be concluded between the company and AlOthman 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 from 01\03\2023 to 28 \02 \2024 a rental contract for the General Administration Offices and Maintenance Expenses of the Company. The value of the transaction in the year 2022 was (1.028) million riyals.
Provided this transaction is based on commercial bases without preferential terms.
13. Approving 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 from 01\01\2023 to 31\12\2023 is about housing the Company’s guests and holding the Company’s events. The value of the transaction in 2022 was (20,3) thousand riyals. Provided this transaction is based on commercial bases without preferential terms.
14. Approving 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 from 01\01\2023 to 31\12\2023 for construction works for the Company's factories under specific purchase orders and after obtaining competitors ' quotations. The value of the transaction in the year 2022 was (21,7) thousand riyals. Provided this transaction is based on commercial bases without preferential terms.
15. Approving 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 from 01\01\2023 to 31\12\2023 to supply chemical materials to the Company's factories. The value of transactions in the year 2022 was (817.03) million riyals.
Provided this transaction is based on commercial bases without preferential terms.
16. Approving the business and contracts that will be concluded between the company and Walaa Cooperative Insurance Company, one of the companies whose board members include members of the Board of Directors of Takween (Mr. Jameel Abdullah Al Molhem). Accordingly, Board members have an indirect interest in such transaction. The transaction from 29\12\2022 to 28\12\2023 is a medical insurance for the employees of Takween.
The value of the transaction in 2023 is an amount of (6,225) million riyals. Provided this transaction is based on commercial bases without preferential terms.
17. Approving on the business and contracts that will be concluded between the company and Al- Ahsa Medical Services Company which Mr. Ibrahim Yousef Al-Mubarak (Board Member) and 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 a transaction. The said transaction from 01\01\2023 to 31\12\2023 is a medical examination for new workers at Takween factories in Al-Ahsa. The transaction value during the year 2022 was an amount of (9,3) thousand riyals. Provided this transaction is based on commercial bases without preferential terms.
18. Approving on the business and contracts that will be concluded between the company and Advanced Fabric Factory Co. SAAF), which Mr.Goarge Antnios (Board Member of Takween’ s Board) has an indirect interest in this transaction. The transaction from 01\01\2023 to 31 \12\2023 an agreement to purchase plastic containers from Takween factories. The value of the transaction in 2022was (145,793) million riyals. Provided this transaction is based on commercial bases without preferential terms.
