Tabuk Agricultural Development Co. Announces the Results of the Ordinary General Assembly Meeting, ( Second Meeting )
| Element List | Explanation |
|---|---|
| Introduction | Tabuk Agricultural Development Company announces the results of the general assembly meeting (2nd Meeting), which was held on Tuesday evening on 05/11/1442 H corresponding to 15/June/2021G at exactly 07:30 PM , Due to lack of a quorum in the first meeting, the second meeting was held one hour after the scheduled time for the first meeting with the shares represented in the meeting, – where the attendance rate was 14.88% of shares representing the capital according to the Company's bylaw, via modern technology, in support of the preventive efforts exerted by the relevant health authorities to address the novel Coronavirus (COVID-19), and as an extension of the continuous efforts made by all government agencies in the Kingdom of Saudi Arabia in taking the necessary preventive measures to curb its spread.
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| City and Location of the General Assembly's Meeting | By means of modern technology
At the Project of Tabuk Agri. Dev. Co. |
| Date of the General Assembly's Meeting | 2021-06-15 Corresponding to 1442-11-05 |
| Time of the General Assembly's Meeting | 19:30 |
| Percentage of Attending Shareholders | 14.88% |
| 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. ALWALEED KHALID SALEH ALSHATHRE (BOD CHAIRMAN) 2- MR.YOUSIF ABDULLAH ABAULAZIZ ALRAJHI (BOD DEPUTY CHAIRMAN) 3- MR.ABDULAZIZ AHMAD A BENDAYEL (BOD MEMBER) 4- DR.KHALED SAAD M ALMARSHAD (BOD MEMBER) 5- MR. MOHAMMED ABDELAZIZ ABDULLAH ALSHETEWEY (BOD MEMBER) 6- DR. TARIQ ABDULAZIZ IBRAMEM ALHAMAD (BOD MEMBER) 7- MR. KHALID ABDULRAHMAN ALI ALKHUDAIRI (BOD MEMBER) |
| 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.YOUSIF ABDULLAH ABAULAZIZ ALRAJHI (EXECUTIVE COMMITTEE CHAIRMAN)
2- MR.ABDULAZIZ AHMAD BENDAYEL (NOMANATION AND REMUNERATION COMMITTEE CHAIRMAN) 3- MR. AHMED IBRAHIM ALSUNAYDI (AUDIT COMMITTEE MEMBER). 4- DR. MURAYA SAAD HABBASH (GOVERNANCE, COMPLIANCE AND RISK COMMIITTEE CHIRMAN) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1) Approved the financial statements for the fiscal year ending on 31/12/2020.
2) Approved the Company's auditor's report for the fiscal year ending on 31/12/2020. 3) Approved the Board of Directors' Report for the fiscal year ending on 31/12/2020. 4) Approved the discharging the members of the Board of Directors for the fiscal year ending on 31/12/2020 5) Approved the appointment of (Dr. Mohammed Al-Amri &Co.-BDO) as external auditor of the Company from among the candidates recommended by the Audit Committee to examine to review and audit the financial statements for the second quarter, third quarter and the annual financial statements for the fiscal year 2021 and first quarter of the fiscal year 2022 along with determining their fees. 6) Approved the election of the members of Board of Directors from among the candidates for the next Board cycle, which starts on 01/07/2021 and lasts for three years, and ends on 30/06/2024 as the following members were elected: 1- Mr. Yousif Abdullah Abdulaziz Al Rajhi. 2- Mr. Yasser Suliman Saleh Alaqeel. 3- Mr. Almutasembilla Zaki M. Allam. 4- Mr. Abdulaziz Ahmed Abdullatif Bin Dayel. 5- Mr. Majed Ahmed Ibrahim Alsuwaigh. 6- Mr. Alwaleed Khalid Saleh Alshathre. 7- Mr. Munir Ahmed Ahmed Al-Ghazwi. 7) Approved the formation of the Audit Committee, defining its tasks, its Charter, and remuneration for its members for the next cycle, which begins on 01/07/2021 and ends on 30/06/2024, noting that the auditing committee members are: 1) Mr. AbdulAziz Ahmed Abdullatif Bin Dayel. 2) Mr. Mohammed Abdelaziz Abdullah AlShetwey. 3) Mr. Ahmed Ibrahim Abdulaziz Alsunaydi. |
| Additional Information | The attendance rate required for the first meeting is 25%, while the attendance rate was 14.47%, and the second meeting was held an hour after the first meeting, and the attendance rate for the second meeting was 14.88%, knowing that the attendance rate required for the second meeting is those who attended from among the shareholders according to the Company's bylaw. |
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