National Metal Manufacturing and Casting Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of National Metal Manufacturing and Casting Company is pleased to announce the results of the 25th Ordinary General Assembly Meeting (First Meeting) |
| City and Location of the General Assembly's Meeting | At the branch of the Company in Dammam City - Masabik Plant - using modern technology |
| Date of the General Assembly's Meeting | 2021-06-24 Corresponding to 1442-11-14 |
| Time of the General Assembly's Meeting | 18:30 |
| Percentage of Attending Shareholders | 36.71% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | All the Board Members attended the meeting as follows:
Eng. Mutlaq H. Al-Morished. (Chairman) Eng. Shaker N. Alotaibi. (Chairman’s Deputy & Company’s CEO) Eng. Ryan W. Tarabzoni. (Board Member) Mr. Talal A. Alnafie. (Board Member) Mr. Asem A. Alessa. (Board Member) Eng. Omar K. Albelali. (Board Member) |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | Mr. Talal A. Alnafie (Chairman of the Audit Committee)
Eng. Ryan W. Tarabzoni (Chairman of the Nomination & Remuneration Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1- Approval of the Board of Directors' report for the fiscal year ending on 31/12/2020G
2- Approval of the auditor report on the Company’s accounts for the fiscal year ending on 31/12/2020 G 3- Approval of the financial statements for the fiscal year ending on 31/12/2020 G 4- Approval of paying an amount of (SAR 1,200,000) as remuneration to the Board members for the fiscal year ending on 31/12/2019 G. 5- Approval of paying an amount of (SAR 1,200,000) as remuneration to the Board members for the fiscal year ending on 31/12/2020 G. 6- Approval of paying an amount of (SAR 150,000) as remuneration to the Audit Committee members for the fiscal year ending on 31/12/2019 G. 7- Approval of paying an amount of (SAR 150,000) as remuneration to the Audit Committee members for the fiscal year ending on 31/12/2020 G. 8- Approval of absolving liability of the Board of Directors of the fiscal year ended 31/12/2020 9- Approval of appointing the auditor Dr. Mohamed Al-Amri & Co. (BDO) for the Company from among the candidates based on the Audit Committee's recommendation. The appointed auditor shall examine, review and audit the (second, third and fourth) quarter and annual financial statements, of the fiscal year 2021 G, and the first quarter of the fiscal year 2022 G, and the determination of the auditor's fees. 10- Approval of amending the regulations (Audit Committee Regulations). |
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