Al Hassan Ghazi Ibrahim Shaker Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )

17 May 2020 08:56 AM

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Element List	Explanation
Introduction	Al-Hassan Ghazi Ibrahim Shaker Company is pleased to announce to its shareholders the results of the Ordinary General Assembly meeting (the first meeting)
City and Location of the General Assembly's Meeting	The General Assembly meeting was held through modern technology
Date of the General Assembly's Meeting	2020-05-14 Corresponding to 1441-09-21
Time of the General Assembly's Meeting	22:30
Percentage of Attending Shareholders	34,92%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	Following Board members attend the meeting : 1- Abdulelah Abunayyan (Chairman) 2- Musaab Al-Muhaidib (Vice Chairman) 3- Faris Ibrahim Alrashed 4- Abdulraouf Waleed A. Arbitar The following Board members apologize from attend the meeting: 1- Eid F. Al-Shamri 2- Francesco Toscana 3- Enrique Martinez 4- Wout Matthijs
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf	1- Mr. Turki Alluhaid (Chairman of Audit Committee) 2- Mr. Faris Ibrahim Alrashed (Chairman of Remuneration and Nomination Committee)
Voting Results on the Items of the General Assembly's Meeting Agenda's	1- Approval on the Board of Directors’ Annual Report for the fiscal year ending on 31st December 2019. 2- Approval on the external auditor report for the year ending on 31st December 2019. 3- Approval on the financial statements of the Company for the year ending on 31st December 2019. 4- Approval on the appointment of KPMG Al Fozan as an external auditor in accordance with the recommendation of the Audit Committee for the financial audit and review of the Company’s financial statements for the second, third, and 2020 year end, and the first quarter of 2021 and determining their fees. 5- Approval on releasing SAR 1,600,000 as a remuneration of the Board of Directors’ members for the year ended on 31/12/2019. 6- Approval on the discharge of the Board of Directors from the liability for their activities for the year ended on 31/12/2019.

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