Naseej International Trading Company ةيراجتلا ةيملاعلا جيسن ةكرش
The Results of the General Assembly Meeting - Naseej International Trading Company 11 May 2022 corresponding to 10 Shawwal 1443
1. Approval on the Board of Directors' report for the fiscal year ending on 31/12/2021 G.
2.Approval on the auditor’s report on the Company’s accounts for the fiscal year ending on 31/12/2021 G.
3. Approval on the financial statements for the fiscal year ending on 31/12/2021 G.
4. Approval on appointing El Sayed Al Ayouty & Co. the auditor for the Company from among the candidates based on the Audit Committee's recommendation. The appointed auditor shall examine, review and audit the (second, third, and fourth) quarter and annual financial statements, of the fiscal year 2022 G. and the first quarter of the fiscal year 2023 G., and the determination of the auditor’s remuneration.
5. Approval on releasing the members of the Board of Directors from their liabilities for the fiscal year ending on 31 December 2021.
6. Approval on the Board’s resolution to appoint Mr. Abdulrahman Ibrahim Alhadlqas (independent member) board member starting from the date of his appointment on 27 Rabi’ al-Thani 1443 H. corresponding to December 2, 2021. to complete the Board term until the end of the current term on July 15, 2024, succeeding the former member Eng. Abdullah Al-Dubaikhi (independent member).
7. Approval on the Board’s resolution to appoint Mr. Rashid Suleiman Al-Rasheed (independent member) as an Audit Committee chairman, starting from 26 Rabi’ al-Thani 1443 H. corresponding to December 1, 2021. until the end of the current committee’s term on July 15, 2024, to succeed the former committee chairman Eng. Mansour saleh Alkharboush (independent member), effective from the date of the resolution issued on 26 Rabi’ al-Thani 1443 H. corresponding to December 1, 2021. This appointment is in accordance with the Audit Committee Regulations.
8. Approval on the business and contracts that will be concluded between the Company and Al Sorayai Group for Industrial Investment, in which the Board member Mr. Naser Saleh Nasser AL Sorayai (Non-Executive) has an indirect interest in it (related party), These businesses and contracts are about purchasing and supplying raw materials to factories. Note that transactions for the last year 2021 amounted to (SAR 1,027,917), (There are no preferential terms in the contracts).
9. Approval on the business and contracts that will be concluded between the Company and the Saudi Carpet Accessories Manufacturing Company Ltd. (Matex), in which the Board member Mr. Naser Saleh Nasser AL Sorayai (Non-Executive) has an indirect interest in it (related party), These businesses and contracts are about purchasing and supplying raw materials to factories. Note that transactions for the last year 2021 amounted to (SAR13,151,716((There are no preferential terms in the contracts).
10. Approval on the business and contracts that will be concluded between the Company and Al-Hikma Real Estate Development Company, in which the Board member Mr. Naser Saleh Nasser AL Sorayai (Non-Executive) has an indirect interest in it (related party), These businesses and contracts are about lease contracts for showrooms, warehouses and offices owned by Al-Hikma Company. Note that transactions for the last year 2021 amounted to (SAR1,332,083((There are no preferential terms in the contracts).
11.Approval on delegating to the Board of Directors the authorization powers of the General Assembly stipulated in paragraph (1) of Article 71 of the Companies Law, for a period of one year starting from the date of the approval by the General Assembly or until the end of the delegated Board of Directors’ term, whichever is earlier, in accordance with the conditions set forth in the Regulatory Rules and Procedures issued pursuant to the Companies Law relating to Listed Joint Stock Companies.
12. Approval on the amendment of the remuneration policy for the Board of Directors, its committees and the executive management of the company.
13. Approval on amendment of the Audit Committee Charter.
14. Approval on amendment of the Remuneration and Nominations Committee Charter.
15. Approval on changing the exchange aspects of the proceeds of the subscription to increase the company’s capital mentioned in the prospectus published on November 8, 2021.
