Saudi Arabian Amiantit announces that the Company’s General Assembly result’s meeting, which was held in the Head office, First Industrial Area, in Dammam on 23-5-2017 (27-8-1438H) at 18:30, whereas the First meeting quorum has not been achieved, the Second meeting quorum has achieved at 25.89%. The followings are the results:-

First Approve the Board of Directors Report for the financial year ending 31-12-2016.
Second Approve the consolidated Financial Statements for the Financial Year ending 31-12-2016.
Third Approve the External Auditor’s Report for the Financial Year ending 31-12-2016.
Fourth Approve discharging the Board of Directors from the responsibilities for the year ending 31-12-2016.
Fifth Approve the proposal of the Board of Directors related to the Company’s External Auditor from those auditors nominated by the Audit Committee for the year 2017 & Quarterly Financial Statements and fixing its fees. The appointed Auditors are Baker Tilly.
Sixth Approve the forming of Audit Committee & fix its policy for the period starting from the date of General Assembly meeting and ending 31-12-2017. The appointees are:-
1. Dr. Khalil Kordi - Chairman
2. Mr. Sulaiman Al-Amro – Member
3. Dr. Sulaiman Al-Sakran - Member
Seventh Approve the amendment of the Company’s By-Law to adopt the new Companies’ Law
Eighth Approve the amendment of the Article (3) Purpose of the Company
Ninth Approve the amendment of the Article (16): The management of the company
Tenth Approve the amendment of the Article (19): The Powers of the Board of Directors
Eleventh Approve the amendment of the Article (20): The remuneration of Board of Directors
Twelfth Approve the amendment of the Article (21): The powers of the Chairman, CEO and Managing Director, and the Secretary of the Board
Thirteenth Approve the amendment of the Article (22): Meeting of the Board
Fourteenth Approve the amendment of the Article (30): The quorum of the ordinary general assembly meeting
Fifteenth Approve the amendment of the Article (31): Quorum of Extra- Ordinary general assembly meeting