National Building and Marketing Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the National Building and Marketing Company is pleased to announce the results of the General Assembly meeting that was held at exactly 21:30 on 24-09-1442 / 06-05-2021, where the meeting was held remotely, using modern technology, in accordance with the direction of the Capital Market Authority according to its decision Dated 21/07/1441 AH / 16/03/2020 AD to suspend the holding of general assemblies of companies listed in the financial market in presence until further notice, as the attendance rate by electronic voting reached 99.88% of the total shares of the company and the results of the voting came as follows: |
| City and Location of the General Assembly's Meeting | The meeting was held remotely using modern technology |
| Date of the General Assembly's Meeting | 2021-05-06 Corresponding to 1442-09-24 |
| Time of the General Assembly's Meeting | 21:30 |
| Percentage of Attending Shareholders | %99.88 |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | Attendees:
1- Eng. Muhammad Iqbal Daboul , Vice Chairman of the Board Director 2- Dr. Obaid bin Saad bin Obaid Al-Subaie, Board Director 3- Mr. Meshaal Abdul Rahman AlOqla, Board Director 4-Mr. Mohammed bin Isa Aldghelbi, Board Director And absent from the assembly: Mr. Fahd bin Thunayan Al Thunayan (Chairman of the Board Directors) Because of his own circumstances and he appointed instead of him the Vice Chairman of the Board Directors to hold the general assembly meeting . |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | Dr. Obaid bin Saad Al-Subaie. Attended as a representative of the Audit Committee and a representative of the Nomination and Remuneration Committee |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1.Approval of the report of the Board of Directors for the fiscal year ended 31/12/2020.
2. Approval of the auditor report for the fiscal year ended 31/12/2020. 3.Approval of the financial statements for the fiscal year ended 31/12/2020. 4.Approval of the appointment of El Ayouty & Co Certified Public Accountants, as the Company’s external Auditor from among the nominated offers based on the Audit Committee’s recommendation in order to examine, review and audit the financial statements for the second, third and fourth quarters and the annual statements of the fiscal year 2021G and the first quarter of the fiscal year 2022G, and the determination of its fees. 5. Approval of the Board of Directors ’recommendation regarding not distributing profit to shareholders for the fiscal year ending 12/31/2020. 6.Approval to disburse an amount of (135,000) Saudi riyals as remunerations for the board of directors’ members for the fiscal year ending on 31/12/2020. 7.Approve on the absolving the Board of Directors from their liabilities pertaining to the management of the Company for the fiscal year ended 31 December 2020. 8.Approval of the Board of Directors ’decision approving the move to the main market. 9.Approval of the works and contracts that will take place between the company and shields for Industry Company and its subsidiary companies , in which a member of the board of director Fahid bin Thunayan bin Fahid Al-Thunayan has a direct interest in it. It consists of (supplying building materials, oils and chemical materials) at an amount of 100 million riyals for the year 2021 AD, noting that there are no preferential conditions. 10.Approval of the business and contracts that will take place between the company and jawdat contracting Company, in which the Chairman of the Board of Directors Mr. fahid thunyan althunyan and the board of director member Eng. Mohammed Iqbal Daboul they have a direct interest in it. It consists of (supplying building materials) at an amount of 50 million riyals for the year 2021 AD, noting that there are no preferential conditions. 11.Approval of the business and contracts that will take place between the company and German saudi for industry Co.in which the Chairman of the Board Director Mr. Fahd Thunayan Al-Thunayan and Member of the Board Director Eng. Muhammad Iqbal Daboul they have a direct interest in it. It consists of (providing guarantees with others) at an amount of 75 million riyals for the year 2021 AD, with no preferential conditions. 12.Approval of the works and contracts that will take place between the company and Al-Fayezia Real Estate Development Company, in which a member of the board of directors Fahid bin Thunayan bin Fahid Al-Thunayan has a direct interest in it. It consists of (supplying building materials) at an amount of 50 million riyals for the year 2021 AD, noting that there are no preferential conditions. 13.Approval of the works and contracts that will take place between the company and Adwaa Al-Hidaya Company, in which a member of the board of directors Fahid bin Thunayan bin Fahid Al-Thunayan has a direct interest in it. It consists of (providing guarantees with others) at an amount of 50 million riyals for the year 2021 AD, noting that there are no preferential conditions. 14.Approval of the works and contracts that will will take place between the company and Kaakat Company for Nutrition and Catering, in which a member of the board of directors Fahid bin Thunayan bin Fahid Al-Thunayan has a direct interest in it. It consists of ((providing guarantees with others)) at an amount of 15))million riyals for the year 2021 AD, noting that there are no preferential conditions. |
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