Batic Investments and Logistics Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | Batic Investments and Logistics Co announces the results of the general assembly meeting (first meeting), which was held remotely using modern means. |
| City and Location of the General Assembly's Meeting | The company's headquarters, Olaya District, al'arz Street, Riyadh By Means Of modern means. |
| Date of the General Assembly's Meeting | 2021-09-19 Corresponding to 1443-02-12 |
| Time of the General Assembly's Meeting | 18:30 |
| Percentage of Attending Shareholders | %29.94 |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | 1.Mr. Ahmed Mohammed AL Sanie - Chairman
2.Eng Majed Abdullah Alissa - Vice Chairman 3.Eng.Mohammed Saud Al-Zamil - Managing Director 4.Dr.Sultan Abdulaziz Al Mubarak 5.Mr. Taha M. Azhari 6.Mr.Feras K. Albawardi 7.Mr.Fahad Mubarak Al Guthami 8.Mr. Mousa Binakresh |
| 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. Ahmed Mohammed AL Sanie (Chairman of the Executive and Investment Committee)
2.Mr. Taha M. Azhari (Chairman of the Audit Committee) 3. Dr.Sultan Abdulaziz Al Mubarak (Chairman of the Remuneration and Nomination Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1-Approval on the works and contracts that will take place between BATIC Investment and Logistics Company and Smart Parking Holding Company, for which the Chairman of the Board of Directors Mr. Ahmed Mohammed AlSanea, and the member of the Board of Directors Mr. Firas Khalid AlBawardi has an indirect interest in them, is to buy part of the shares owned Smart Parking Holding Company, which amounts to 35.8% of the shares of Smart Cities Solutions Company (a subsidiary of the Arabian Company for Security and Safety Services “AMNCO” of BATIC) and in accordance with the prevailing trading conditions and without any preferential conditions
2-Approval on the works and contracts that will take place between BATIC Investment and Logistics and the Arabian Company for Security and Safety Services (AMNCO) (a subsidiary company), which is the Chairman of the Board of Directors Mr. Ahmed Mohammed AlSanea, Vice Chairman Eng. Majid Abdullah AlEssa and Managing Director Eng. Mohammed Saud AlZamil, a member of the Board of Directors Mr. Firas Khalid AlBawardi and Board Member Mr. Fahad Mubarak AlGathami, his indirect interest is to buy the entire shares owned by the Arabian Company for Security and Safety Services (AMNCO) in the capital of Smart Cities Solutions Company in exchange for Book value and without any preferential conditions |
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