Baazeem Trading Co. Announces the Results of the Extraordinary General Assembly Meeting, ( Second Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The Board of Baazeem Trading Company is Pleased to Announce the Results of the Ordinary General Assembly Meeting, (Second Meeting) |
| City and Location of the General Assembly's Meeting | The General Assembly Meeting was Held Through Modern Technology Means |
| Date of the General Assembly's Meeting | 2021-09-16 Corresponding to 1443-02-09 |
| Time of the General Assembly's Meeting | 18:30 |
| Percentage of Attending Shareholders | 30.05% |
| 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. Salem Saleh Baazeem (Chairman of the Board of Directors). 2.Mr. Mohamed Saleh Baazeem. 3.Mrs. Fozia Saleh Baazeem (Vice Chairman Board Member). 5.Dr. Hisham Abdullah Baazeem. 6.Mrs. Roaa Abubaker Baazeem. 7.Mr. Talat Zaky Hafiz (Nomination and Remuneration Committee Chairman). 8.Eng. Ali Mohamed Sheneamer. 9.Eng.Mohammed bin Hamad Al-Faris (audit Committee Chairman). |
| 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. Talat Zaky Hafiz- Nomination and Remuneration Committee Chairman
2.Eng/ Mohammed bin Hamad Al-Faris- audit Committee Chairman |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1-Approved about suspending the retention rate of ten percent (10%) of the net profits to form a statutory reserve for the company as it already reached the statutory reserve (30%) of the capital.
2- Approved about the amendment of articles 5 in the Articles of Association (as per the attached comparison table). 3- Approved about the amendment of articles16 in the Articles of Association (as per the attached comparison table). 4- Approved about the amendment of articles 18 in the Articles of Association (as per the attached comparison table). 5- Approved about the amendment of articles 22in the Articles of Association (as per the attached comparison table). 6- Approved about the amendment of articles23 in the Articles of Association (as per the attached comparison table). 7- Approved about the amendment of articles30 in the Articles of Association (as per the attached comparison table). 8- Approved l of the amendment of articles 32 in the Articles of Association (as per the attached comparison table). 9- Approved of the amendment of articles38 in the Articles of Association (as per the attached comparison table). 10- Approved of the amendment of articles41in the Articles of Association (as per the attached comparison table). 11- Approved of the amendment of articles 42 in the Articles of Association (as per the attached comparison table). 12- Approved of the amendment of articles 45 in the Articles of Association (as per the attached comparison table). 13- v Approved of the amendment of articles 46 in the Articles of Association (as per the attached comparison table). |
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