| 1- Approval of the Auditors' Report for the fiscal year ending 31 December 2019. 2- Approval of the Consolidated Financial Statements for the fiscal year ending 31 December,2019. 3- Approval of the Board Report for the fiscal year ending 31 December 2019. 4- Approval of the recommendation of the Board of Directors to pay a dividend, for the fiscal year ending 31 December 2019, of SAR 0.85 per share totaling SAR 850 million (this cash dividend represents 8.5% of the share capital, based on 1,000 million shares), for shareholders who own shares on the date of the Extraordinary General Assembly Meeting on 7 April 2020 which will be registered at the Securities Depository Center Company at the market closing of the second working day after. The dividend will be paid to the shareholder starting from 13 April 2020 by the Saudi British Bank (SABB). Any shareholder who does not receive the dividend can visit any SABB branch for collect, or contact the Investor Relations Department at: P: +966 11 4700005 (7987, 7625) E: [email protected] 5- Approval to release Board of Directors' members from liability for the fiscal year ending 31 December 2019. 6- Approval to pay the Directors’ remuneration amounting in total to SAR 1,800,000, whereby SAR 200,000 will be distributed to each Director on a pro-rata basis for the financial year ending 31st December 2019. 7- Approval of a catering services contract that was concluded in 2019, with a value of SAR 504 thousand at the prevailing commercial terms between Almarai Company and Al Nafoura Catering in which HH Prince Sultan bin Mohammed bin Saud Al Kabeer, Chairman of the Board of Directors, has a direct interest. 8- Approval of an insurance contract, that was concluded in 2019, with a value of SAR 136,517 thousand at the prevailing commercial terms between Almarai Company and Arabian Shield Insurance Co., in which HH Prince Sultan bin Mohammed bin Saud Al Kabeer, Chairman of the Board of Directors, and Prince Naif bin Sultan bin Mohammed bin Saud Al Kabeer, have a direct interest. 9- Approval of Sukuk dividend payment for the year 2019 to Arabian Shield Insurance Co. with a value of SAR 21 thousand under the prevailing terms and conditions, in which HH Prince Sultan bin Mohammed bin Saud Al Kabeer, Chairman of the Board of Directors, and Prince Naif bin Sultan bin Mohammed bin Saud Al Kabeer, have a direct interest. 10- Approval of the telecommunication services contract that was concluded in 2019, with a value of SAR 3,965 thousand under the prevailing commercial terms between Almarai Company and Mobile Telecommunication Company Saudi Arabia (Zain), in which the Board member Prince Naif bin Sultan bin Mohammed bin Saud Al Kabeer has a direct interest. 11- Approval of the lease contract with a rent of SAR 173 thousand for 2019 under the prevailing commercial terms between Almarai Company and Mr. Abdulaziz bin Ibrahim Al Muhanna. in which the Board member Abdulrahman bin Abdulaziz Al Muhanna has an indirect interest. The lease is for Almarai’s Depot in Sharjah, UAE. The lease term is twenty years starting on 10 April 2001 to 9 April 2021. 12- Approval of a publishing services contract that was concluded in 2019, with a value of SAR 184 thousand at the prevailing commercial terms for AlJazirah Press, Printing and Publishing, in which the Board member Mr. Abdulrahman bin Abdulaziz Al Muhanna has a direct interest. 13- Approval a feed purchase contract that was concluded in 2019, with a value of SAR 11,118 thousand under the prevailing terms and conditions between Almarai Company and Arab Company for Agricultural Services (Arasco), in which the Board member Mr. Abdulrahman bin Abdulaziz Al Muhanna has a direct interest. 14- Approval of the sales contract that was concluded in 2019, with a value of SAR 705,028 thousand under the prevailing terms and conditions between Almarai Company and Panda Retail Company, in which Savola Group, one of Almarai’s main shareholders and which is represented in the Board of Directors, holds a significant amount of shares. Savola Board representatives at Almarai include Mr. Suliman bin Abdulkader Al Muhaideb, Eng. Anees bin Ahmed bin Mohammed Moumina and Mr. Bader bin Abdullah Al Issa. 15- Approval of a sugar purchase contract that was concluded in 2019, with a value of SAR 63,489 thousand at the prevailing commercial terms and conditions, between Almarai Company and United Sugar Co., in which Savola Group, one of Almarai’s main shareholders and which is represented in the Board of Directors, holds a significant amount of shares. Savola Board representatives at Almarai include Mr. Suliman bin Abdulkader Al Muhaideb, Eng. Anees bin Ahmed bin Mohammed Moumina and Mr. Bader bin Abdullah Al Issa. 16- Approval of the sales contract that was concluded in 2019, with a value of SAR 5,991 thousand under the prevailing terms and conditions between Almarai Company and Herfy Food Services, in which Eng. Anees bin Ahmed bin Mohammed Moumina has a direct interest. 17- Approval of a financial services contract that was concluded in 2019, with a value of SAR 9,962 thousand under the prevailing terms and conditions between Almarai Company and National Commercial Bank, in which Engr. Anees bin Ahmed bin Mohammed Moumina has a direct interest. 18- Approval of Sukuk dividend payments totaled SAR 16,150 thousand for 2019, to National Commercial Bank, in which the Board member Eng. Anees bin Ahmed bin Mohammed Moumina has a direct interest. National Commercial Bank holds under the prevailing terms and conditions Sukuk as follows: National Commercial Bank holds SAR 200,000,000 of Sukuk issued for the period 2015 to 2022, an amount of SAR 190,000,000 for the period 2013 to 2020. To View the Full Results, Please Refer to the Attached Document |
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