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Baazeem Trading Co. Announces the Results of the Ordinary General Assembly Meeting, ( Second Meeting )

BAAZEEM 4051 -0.35% 56.30 -0.20
Element List Explanation
Introduction The Board of Baazeem Trading Company is Pleased to Announce the Results of the Ordinary General Assembly Meeting, (Second Meeting)
City and Location of the General Assembly's Meeting The Ordinary General Assembly Meeting was Held Through Modern Technology Means
Date of the General Assembly's Meeting 2021-04-22 Corresponding to 1442-09-10
Time of the General Assembly's Meeting 23:30
Percentage of Attending Shareholders 38.47%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees The Following Board Members Attended the Meeting

1.Mr. Salem Saleh Baazeem (Chairman of the Board of Directors).

2.Mr. Mohamed Saleh Baazeem.

3.Mrs. Fozia Saleh Baazeem (Vice Chairman Board Member -Nomination and Remuneration Committee Chairman- audit Committee Chairman)

4.Mr. Ahmed Saleh Baazeem.

5.Dr. Hisham Abdullah Baazeem.

6.Mrs. Roaa Abubaker Baazeem.

7.Mr. Talat Zaky Hafiz

8.Eng. Ali Mohamed Sheneamer.

Both of the following were absent from the assembly meeting:

1- Engineer / Mohammed bin Hamad Al-Faris - due to a health issue

Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf Mrs. Fozia Saleh Baazeem (Vice Chairman Board Member -Nomination and Remuneration Committee Chairman- audit Committee Chairman)
Voting Results on the Items of the General Assembly's Meeting Agenda's 1- Approved the the Board of Directors' report for the fiscal year ending on31/12/2020G.

2- Approved the auditor’s report for the fiscal year ending on 31/12/2020G.

3- Approved the financial statement for the fiscal year ending on 31/12/2020G.

4- Approved the clearance of the members of the Board of Directors for the fiscal year ending on 31/12/2020G.

5-Approved the appointment of an External Auditor for the Company (More El Sayed El Ayouty & co) from the candidates recommended by the Audit Committee to review and audit the Financial Statements of the first quarter, second quarter, third quarter, and the annual for the fiscal year 2021 in addition to the first quarter of the fiscal year 2022 along with determining its fees.

6- Approved the Board of Director’s recommendation to distribute cash dividends amounted to SAR (17,718,750) to shareholders for the year 2020, with the value of (1.75) SAR per share and at rate of (17.5%) of the capital, provided that the shareholders who own the shares are eligible by the end of the day of the general assembly meeting and those registered in the company’s shareholders register at the Securities Depository Centre Company (Edaa) are traded at the end of the second trading day following the maturity date. the Distribution well be 7/5/2021.

7- Approved the business and contracts concluded between the Company and Baazeem Establishment In Qatar, in which the Board member Mr.: Salem Saleh Baazeem has direct interest. These businesses and contracts are in the amount of SAR 9,868,961 in the year ending on 31/12/2020.

8- Approved the paying an amount of SAR 2,645,000 as remuneration to the Board members for the fiscal year ending on 31/12/2020G.

Additional Information The company also encourage all the shareholders to update their information with their banks to ensure the deposit of any future dividends directly into their accounts.

In case of any inquiries, please contact the Investor Relations Department through the following contact details:

Phone: + 966 (11) 4129999 Ext: 888

Fax: + 966 (11) 4128359

Email: [email protected]

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