National Industrialization Company (Tasnee) announces the results of the twenty-fourth ordinary general assembly meeting (first meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Tasnee is pleased to announce the results of the twenty-fourth ordinary general assembly (first meeting), which was held at 21:45 on Thursday 17/09/1442 AH corresponding to 29/04/2021 AD through the means of modern technology, after completing the quorum of the meeting in the presence of (39.96 %) of the shares representing the capital. |
| City and Location of the General Assembly's Meeting | The head office of Tasnee Riyadh – the Business Gate Building C3
Qurtubah district, the eastern ring. |
| Date of the General Assembly's Meeting | 2021-04-29 Corresponding to 1442-09-17 |
| Time of the General Assembly's Meeting | 21:45 |
| Percentage of Attending Shareholders | 39.96% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The meeting was attended by the following board members:
1- Eng. Mubarak bin Abdullah Al-Khafrah (Chairman)
2- Dr. Talal bin Ali Al-Shair (Vice Chairman)
3- Dr. Nazeeh bin Hassan Naseef
4- Eng. Talal bin Ibrahim Al-Maiman
5- Mr. Musaab bin Sulaiman Al-Muhaidib
6- Mr. Saud bin Suliman Al-Juhani
7- Mr. Abdullatif bin Khalifa Al-Mulhim
8- Mr. Badr bin Ali Al-Dakhil Apologeze : 1. Mr. Ibrahim Ali Al-Qadhi
2. Mr. Abdulrahman Bin Sulaiman Al-Sayyari |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | The meeting was attended by the following heads of committees:
1- Eng. Mubarak bin Abdullah Al-Khafrah (Head of Executive Committee)
2- Mr. Sami bin Abdulaziz Al-Shenaiber (Head of Audit Committee)
3- Mr. Saud bin Sulaiman Al-Juhani (Head of Remuneration and Nominations Committee |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1.Approval of the Board of Directors’ report for the financial year ending on 31/12/2020.
2.Approval of the auditor’s report for the financial year ending on 31/12/2020.
3.Approval of the company’s financial statements for the financial year ending on 31/12/2020.
4.Approval of the appointment of [Price Waterhouse Coopers firm (PWC)] as an auditor from among the candidates based on the recommendation of the Audit Committee to examine, review and audit the financial statements for the second, third and as well as the annual statements for the fiscal year 2021 AD, and the first quarter of 2022 AD, and determine its fees.
5.Approval of the transactions and contracts concluded between the National Industrialization Company for Petrochemical Marketing (a subsidiary of the Tasnee) and Tahwelya Converting Industries Company Ltd., a subsidiary of Shairco for Trading, Industry & Contracting, in which the Director Dr. Talal bin Ali Al-Shair has a direct interest, consisting of various purchase orders for polyethylene, noting that the total purchase value for 2020 is SAR 10,958,781, and there are no preferential conditions (attached).
6.Approval of the transactions and contracts concluded between the National Industrialization Company for Petrochemical Marketing (a subsidiary of Tasnee) and the Factory of Non-Woven Industrial Fabrics Company, a subsidiary of Al-Khafra Holding Company, in which the Chairman Eng. Mubarak bin Abdullah Al-Khafra has a direct interest, consisting of various purchase orders for polyethylene, noting that the total purchase value for 2020 is SAR 4,347,099, and there are no preferential conditions (attached).
7.Approval of the remuneration of the members of the Board of Directors amounting SAR 350,000 for each member for the financial year ending on 31/12/2020.
8.Approval on discharge the members of the Board of Directors for the financial year ending on 31/12/2020. |
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