Saudi Vitrified Clay Pipes Co. Announces the Results of the Fourteenth Ordinary General Assembly Meeting, ( First Meeting ) through modern technology means
| Element List | Explanation |
|---|---|
| Introduction | Saudi Vitrified Clay Pipe Co. is pleased to announce the results of the Ordinary General Assembly Meeting (the First Meeting) that was held virtually through the modern technology means using Tadawulaty services, at 07:00 pm, on Monday 23 Shaaban 1442H, corresponding to 05 April 2021 |
| City and Location of the General Assembly's Meeting | Meeting has been conducted through virtual technology platform (Tadawulaty) |
| Date of the General Assembly's Meeting | 2021-04-05 Corresponding to 1442-08-23 |
| Time of the General Assembly's Meeting | 19:00 |
| Percentage of Attending Shareholders | 35.40% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following Directors of the Board attended the Extraordinary General Assembly meeting:
1- Prince Faisal bin AbdulAzziz bin Faisal Al Saud (Chairman) 2- Dr. Saad Saud Al Sayari (Deputy Chairman & Managing Director) 3- Abdullah Suliman Al Dabaan 4- Dr. Moaed Issa Al Qurtas 5- Suliman Nasser Gobran Alhatlan 6- Dr. Mulhim Hamd Ali AlMulhim 7- Abdullah Abd AlRahman Moahmmed Alabd AlWahd Representing Public Pension Agency |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | The following Board’s Committees Chairmen attended the Extraordinary General Assembly meeting:
1- Prince Faisal bin AbdulAzziz bin Faisal Al Saud (Chairman of the Executive Committee) 2- Suliman Nasser Gobran Alhatlan (Chairman of the Audit Committee) 3- Suliman Nasser Gobran Alhatlan (Chairman of the Nomination and Remuneration Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. Approval of the Board of Directors' report for the fiscal year ending on 31/12/2020 G.
2. Approval of the financial statements for the fiscal year ending on 31/12/2020 G. 3. Approval of the Board of Directors’ decision of the dividends distributed to shareholders for the year 2020 AD at the rate of (1) riyals per share and (10%) of the capital. 4. Approval of the auditor report on the Company’s accounts for the fiscal year ending on 31/12/2020 G. 5. Approval of appointing Dr. Abdulgadir Bannaga & Partners Co. from among the candidates based on the Audit Committee's recommendation. The appointed auditor shall examine, review and audit the second and third quarter and annual financial statements, of the fiscal year 2021 G., and the first quarter of the fiscal year 2022 G., and the determination of the auditor's remuneration. 6. Approval of delegating the Board of Directors to distribute interim dividends on a biannual and quarterly basis for the fiscal year 2021 G. |
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