The Ordinary General Assembly meeting was held remotely through contemporary technology from the Company’s office in Riyadh, Rabwah District, Al-Ahsa Street, Building No. 7449, Unit No. 1, on Monday 03-06-2024 Corresponding to 26-11-1445 and percentage of attending shareholders was 52.61%.
Voting Results on the Items of the General Assembly’s Meeting Agenda’s
- 1Reviewing the report of the Board of Directors for the fiscal year ended 31-12-2023.
- 2Approval of the external auditor report for the fiscal year ended 31-12-2023.
- 3Reviewing the Financial Statement for the fiscal year ended 31-12-2023.
- 4Approval of appointment of RSM Allied Accountants for Professional Consulting of an external auditor from the nominated offers based on the recommendation of the Audit Committee to audit the financial statement of the second and third quarter and annual statement of the fiscal year 2024, plus the first quarter of the year 2025, and specify his fees are set at 465,000 SR only, four hundred and sixty-five thousand SR.
- 5Approval of the Board of Director's recommendation to distribute cash dividends to shareholders for the fiscal year ended on 31 December 2023 at a rate of one riyal and thirty-five halalas (1.35) riyal per share this represents 13.5% of the share par value, with a total amount of 30,375,000 SR which represents 13.5% of the capital, provided that the eligibility of shareholders who own shares at the end of the trading day of the General Assembly meeting and who are registered in the company's shareholders’ register with the Securities Depositary Center (Edaa) at the end of the second trading day following the Eligibility Date, provided that dividend distribution date will be announced later.
- 6Approval of the business and contracts that will be concluded during the year 2024 between the company and Hana Food Industries Company, in which a member of the Board of Directors Mr. Ahmed Hammoud Ibrahim Altheyab has an indirect treatment in it, noting these the transaction will be a contract for the sale of finished goods represented in PET Preform, HDPE Closure of different sizes and weights and bottle prints (labels), Shrink, and Stretch film the sale and purchase of raw materials and packaging, for one year, without discrimination or preferential conditions, and the value of the deal during the year 2023 amounted to 31,650,623 SR sales and there were no purchases during the year 2023, the balance on 31 December 2023 was 52,359,361 SR.
- 7Approval of the discharge of the Board of Directors members for the fiscal year ended 31-12-2023.
- 8Not approval of disbursing an amount of 400,000 SR as a reward for the non-executive members of the Board of Directors for the fiscal year ended 31-12-2023.
- 9Approval of amending Article Twenty-Four of the company’s bylaws related to company management.
- 10Approval of authorize the Board of Directors to distribute interim dividends to shareholders on Quarterly or midterm for the fiscal year 2024.
- 11Approval of delegation of powers to the Board of Directors as stipulated in Paragraph No. (1) of Article Twenty-seventh (27) of the Companies Law, for 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 stipulated in the executive regulations. The corporate system for listed joint stock companies.
