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Al-Omran Industrial Trading Co. Announces the Results of the Ordinary General Assembly Meeting, ( Second Meeting )

ALOMRAN 4141 6.43% 35.60 2.15
Element List Explanation
Introduction Al-Omran Company for Industry and Trade is pleased to announce to its valued shareholders the results of the Ordinary General Assembly meeting (the second meeting) on ​​11/05/1442 AH corresponding to 06/15/2021 AD. The meeting was held at 09:00 pm in the evening through modern technology means using the Tadawulaty system .

Since the first meeting was not held due to the lack of the necessary quorum, the second meeting was held one hour after the first meeting. The attendance rate during the second meeting was (40.4998%) of the company's total capital

City and Location of the General Assembly's Meeting The company's headquarters - King Abdul Aziz Road - in front of Kingdom Schools - Riyadh by means of modern technology.
Date of the General Assembly's Meeting 2021-06-15 Corresponding to 1442-11-05
Time of the General Assembly's Meeting 21:00
Percentage of Attending Shareholders 40.4998 %
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees The meeting was attended by:

1- Muhammad Omran Al-Omran (Chairman of the Board of Directors).

2- Abdul Rahman Mohammed Nasser bin Omran (Member of the Board of Directors - Managing Director).

3- Abdullah Abdulaziz Al-Ghadeer (Member of the Board of Directors)

4- Fahd Saad Al-Huwaimel (Member of the Board of Directors - Head of the Nominations and Remunerations Committee and Head of the Audit Committee).

Missed the meeting:

1- Nasser Mohammed Nasser bin Omran (Member of the Board of Directors - Deputy Chairman of the Board ).

Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf 1- Fahad Saad Al-Huwaimel ( Head of the Nominations and Remunerations Committee -Head of the Audit 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 year ending on 31/12/2020 AD.

2- Approval of the auditor’s report for the past year 12/31/2020.

3- Approval of the company’s consolidated financial statements for the fiscal year ending on 31/12/2020 AD.

4- Approval of the appointment of an auditor for the company from among the candidates (Al Kharashi & Co. Mazars Office) based on the recommendation of the Audit Committee; This is for examining, reviewing and auditing the financial statements for the (second, third and fourth) and annual quarters of the 2021 fiscal year, and the first quarter of the 2022 CE, and determining its fees.

5- Approval of the business and contracts concluded between the company and Abaad Real Estate Investment Company, in which the members of the board of directors, Mr. / Muhammad Omran Al-Omran, Mr. / Nasser Muhammad bin Omran, and Mr. / Abdul Rahman Muhammad bin Omran, have an indirect interest in them, which is (finance) where the transactions were in 2020 AD It amounted to (2099,785 riyals) without preferential conditions.

6- Approval to absolve the members of the Board of Directors from liability for the financial year ending on December 31, 2020 AD

7- Approval of the Board of Directors’ decision to appoint Mr. Sami Muhammad Al-Shiha as a member of the Audit Committee, starting from 2/9.2020 AD until the end of the current committee’s work period on 9/18./2022 AD, instead of the previous committee member, Mr. Muhammad Abdullah Al-Hoshan, provided that the appointment takes effect from the date of the recommendation issued on 2/9.2020 AD, and this appointment comes in accordance with the work regulations of the Audit Committee.

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