Zahrat Al Waha for Trading Co. announces the results of shareholder extraordinary general assembly meeting No. (1) / 2018 (First Meeting)

Zahra Al Waha Trading Company announces the results of the Extraordinary General Assembly Meeting No. (1) of 2018 (the first meeting) held at 6:30 pm on 6 Sha'ban 1439H corresponding to 22 April 2018 at Najd Hall, Riyadh Marriott Hotel, Al-Ma'athar, Riyadh City after the completion of quorum in the presence of 71.32% of the total shares of the company where the results of voting on the agenda of the Assembly as follows:

1-Approval on the report of the Board of Directors for the financial year ended 31/12/2017.
2- Approval on the report of the External Auditor for the financial year ended 31/12/2017.
3- Approval on the financial statements of the company for the financial year ended 31/12/2017.
4- Approval on the appointment of the /KPMG Al Fozan & Associates Accountants & Auditors - auditor of the company from among the candidates on the recommendation of the Audit Committee, to examine, review and audit financial statements and statements for the first, second, third, fourth and annual of fiscal year 2018 and the first quarter of fiscal year 2019 and determine the fees.
5- Approval on the recommendation of the Board of Directors of the Company to distribute cash dividends for the year ended 31 December 2017 at a rate of one (1) Riyal per share representing 10% of the nominal value of the share and a total of SR 15,000,000 representing 10% of the capital. , On the date of the meeting of the shareholders of the shares held on 22 April 2018 and registered with the Securities Depository Center (Tadawul) at the end of the second trading day following the date of the general assembly of the company
6- Approval on the works and contracts between the company and Hana Food Industries Company, where the Chairman of the Board, Mr. Ahmed Hamoud Ibrahim Al- Theyab, will be the CEO, Managing Director and one of the shareholders of Hana Food Industries Company and its license for the coming year. Goods and without preferential conditions. The value of dealing for the previous year 2017 amounted to 76,504,528 SR.
7- Approval on the works and contracts between the company and the sons of Hamoud Ibrahim Al- Theyab Company, the Chairman of the Board is Mr. Ahmed Hamoud Ibrahim Al- Theyab, a member of the Board of Directors and a shareholder of Hamoud Ibrahim Al- Theyab Sons Company. Transport services and without preferential conditions the transaction value for the previous year 2017 amounted to 149,900 SR.
8- Approval on the work and contracts between the company and the Mediterranean and Gulf Insurance Company Medgulf, where the Board Member Mr. Abdulrahman Mohammed Abdulrahman Al-Zwaidi will be the CEO of MedGulf and its license for the coming year. The nature of the deal is a health insurance and without preferential conditions, contract the value of the transaction for the previous year 2017 amounted to 1,414,855 SR which is an insurance contract for assets and inventory.
9- Approval on the work and contracts between the company and the Riyadh Bank, where the Deputy Chairman of the Board, Mr. Tarek Abdulrahman Saleh Al-Sadhan as the Senior Executive Vice President Chief Financial Officer of the Riyadh Bank, and license for the next year, noting that the nature of dealing is a bank account and contract banking services, agreements and facilities and without preferential conditions, there is no dealing with the bank during the previous year 2017.
10- Approval on the discharge of the members of the Board of Directors for the management of the company for the fiscal year ended 31/12/2017.
11- Approval on the amendment of the introduction and purposes of the company from the corporate governance list.
12- Approval on the disbursement of 320,000 SR as a bonus to independent directors for the financial year ended 31/12/2017.
13- Approval on the amendment of Article (3) relating to the purposes of the Company from the Articles of Association of the Company.