Saudi Top for Trading Co. Announces the Results of the Extraordinary General Assembly Meeting, ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Saudi Top Trading Company a listed joint stock company (the company) is pleased to announce the results of the Extraordinary General Assembly (Assembly Meeting) which Took place at 7:00 PM in the evening on Tuesday corresponding to 09-07-1444 corresponding to 31-01-2023 through modern technology and the attendance rate reached 82.58% and after reaching the quorum of validity of the assembly the results of voting on the assembly agenda are as follows: |
| City and Location of the General Assembly's Meeting | Riyadh - the company headquarters through modern technology |
| Date of the General Assembly's Meeting | 2023-01-31 Corresponding to 1444-07-09 |
| Time of the General Assembly's Meeting | 19:00 |
| Percentage of Attending Shareholders | 82.58% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | 1- Abdullah Mohammad Alajmi (Chairman)
2- Waheed Ahmad Jassas (Vice Chairman) 3- Omar Abdullah Alkhorashi (Board Member) 4- Nasser Ayed Alsubaie (Board Member) |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | Waheed Ahmad Jassas |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1- Approving the recommendation of the Board of Directors to distribute cash dividends in the amount of 14,400,000 riyals to shareholders (except for the shareholder Abdullah Muhammad Obaid Al-Ajmi who waived profits) for the financial period (12-31-2022 AD), at (12) riyals per share, at a rate of 120% of The nominal value, provided that the eligibility is for the shareholders who own the shares at the end of trading on the day of the General Assembly convening (31-01-2023 AD) and who are registered in the company’s shareholder register with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the due date, provided that the Dividend distribution on 02-12-2023 AD
2- Approving the amendment of Article 1 of the company's bylaws, related to (transformation). 3- Approving the amendment of Article 2 of the company’s bylaws, related to (company name). 4- Approval of the Board of Directors’ decision to appoint Eng. Omar Abdullah Omar Al-Kharashi as an (independent) member of the Board of Directors, starting from the date of his appointment on 04-01-2023 AD to complete the session of the Board until the date of the end of the current session on 20-11-2024 AD, to succeed the previous member, Eng. / Salem Eid Salem Al-Otaibi (Independent). 5- Approving the authorization of the Board of Directors to distribute interim profits on a quarterly or semi-annual basis for the fiscal year 2023 AD. 6- Approval of delegating the Board of Directors with the powers of the Ordinary General Assembly with the authorization mentioned in Paragraph (1) of Article 71 of the Companies Law, for a period of one year from the date of approval of the Ordinary General Assembly or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance with the conditions mentioned in Regulatory controls and procedures issued in implementation of the Companies Law for listed joint stock companies. |
| Additional Information | In case of any inquiries, please contact:
Phone: 0563501341
Email: [email protected] |
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