Voting Results on the Items of the Extraordinary General Assembly's Meeting Agenda's no 12, which was held on 18 May 2023
1. The Board of Directors' report for the fiscal year ending on 31-12-2022 have been reviewed and discussed.
2. The financial statements for the fiscal year ending on 31-12-2022 have been reviewed and discussed.
3. Approval to the auditor's report on the Company’s accounts for the fiscal year ending on 31-12-2022 after discussing it.
4. Approval to appoint Abdullah Mohammed Al-Azem, Salman Bandar Al-Sudairy, Musab Abdul-Rahman Al-Sheikh and their partners for professional consulting as the auditor for the Company. The appointed auditor shall examine, review and audit the second, third and annual financial statements, of the fiscal year 2023 and the first quarter of the fiscal year 2024, and determine his fees.
5. Approval to the amendment of Article (6) of the Company's bylaws related to (Duration of the Company).
6. Approval to the amendment of Article (15) of the Company's bylaws related to (Board of Directors).
7. Approval to the amendment of Article (20) of the Company's bylaws related to (Powers of the Chairman).
8. Approval to the amendment of Article (21) of the Company's bylaws related to (Board Meetings).
9. Approval to the deletion of an article (29) of the company's bylaws related to (Shareholders' attendance record).
10. Approval to delete an article (46) from the Company's bylaws related to (Dividends for Preferred Shares).
11. Approval to delete an article (49) of the bylaws of the company related to (The termination of the company).
12. Approval to amend the Articles of Association in accordance with the new Companies Law.
13. Approval to the amendment of the Company's Corporate Governance.
(Attached)
14. Approval to the election of the members of the Board of Directors from among the candidates for the next session, which starts from the date of 15-6-2023, according to the period specified in the company’s articles of association on 15-6- 2023 and they are:
- Muhammad Saleh Al-Khalil
- Abdulwahab Abdulkareem Al-Betairi - Yusuf Ali Al-Olayan
- Abdulaziz Khalid Al-Ghafili - Akram Awni Hamad Al-Rabea - Abdullah Jamil Taibah
- Abdulaziz Abdulhamid Al-Bassam
15. Approval on authorizing the Board of Directors, whose session begins on 15-6- 2023, for the authority of the Ordinary General Assembly with the license mentioned in paragraph (1) of Article Twenty-Seven of the Companies Law, for a period of one year from the beginning of the new Board session on 15-6-2023 in accordance with the conditions stated in the Executive Bylaws of the Companies Law for listed joint stock companies
16. Approval to the recommendation of the Board of Directors to appoint a member of the Audit Committee, Mr. Omar Mohammed Alkhuwaiter (independent member), as a member of the Audit Committee, starting from 12-2-2023 until the end of the current committee’s work period on 14-6-2023, to replacement of the Previous Committee’s member Dr. Jassim Shaheen Alrumaihi, provided that the appointment takes effect from the date of the recommendation decision issued on 12-2-2023, and this appointment comes in accordance with the Audit Committee’s work regulations.
