Alujain Holding Corp. Announces the Results of the Extraordinary General Assembly Meeting, ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | Alujain Holding Corp. announces the results of the Extraordinary General Assembly Meeting No.11 (the First Meeting), which was held at 7:30 pm on Wednesday 17-10-1443 H corresponding to 18-05-2022 through the means of modern technology |
| City and Location of the General Assembly's Meeting | Riyadh - By Means of Modern Technology |
| Date of the General Assembly's Meeting | 2022-05-18 Corresponding to 1443-10-17 |
| Time of the General Assembly's Meeting | 19:30 |
| Percentage of Attending Shareholders | 56.90% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following members of the board of directors attended the meeting:
1- Engr. Mohammed Saleh Alkhalil (Chairman) 2- Mr. Abdulwahab Abdulkareem Al-Betairi (Vice Chairman) 3- Engr. Khalid Mohammed Aldawood (Board of Directors Member Chief Executive Officer) 4- Mr. Omar Mohammed Alkhuwaiter 5- Mr. Aziz Mohammed Al Gahtani 6- Mr. Hani Suliman Alsaleh 7- Dr. Abdullaziz Abdulrahman Alfrayan |
| 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. Aziz Mohammed Al Gahtani (Chairman of the Audit Committee)
2- Mr. Hani Suliman Alsaleh (Chairman of the Remuneration and Nominations Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1- Approval the Board of Directors' report for the fiscal year ending on 31-12-2021 G.
2- Approval the auditor’s report on the Company’s accounts for the fiscal year ending on 31-12-2021 G. 3- Approval the financial statements for the fiscal year ending on 31-12-2021 G. 4- Approval the company’s dividend policy for the years 2022 and 2023, the policy is: Alujain aims to distribute dividend per share to the company’s shareholders with a minimum of (1) Saudi Riyal, equivalent to 10% of the paid-in capital for each year of 2022 and 2023. The dividends policy will remain subject to change based on the following: 1) Any material changes in the strategy and business of the company. 2) Increasing the company's future investments and projects. 3) Any current or future commitments to financial entities. 5- Approval authorizing the Board of Directors to distribute interim dividends for the fiscal year 2022. 6- Approval to appoint Alazem, AlSudairy, Alshaikh & Partners Certified Public Accountant (Member of Crowe Global) as the auditor for the Company. The appointed auditor shall examine, review and audit the second, third and annual financial statements, of the fiscal year 2022 G, and the first quarter of the fiscal year 2023 G, and the determination of the auditor remuneration. 7- Approval the additional fees of the external auditor related to the consolidation of the financial statements for the year 2021. 8- Approval the amendment of Article (2) of the Company’s bylaws relating to (Company Name). 9- Approval the amendment of Article (3) of the Company’s bylaws relating to (Company Objective). 10- Approval the amendment of the company’s corporate governance. 11- Approval to stop the retention rate of ten percent (10%) of the net profits to statutory reserve for the company, due to the fact that the statutory reserve balance as at 31-12-2021 reached (41.63%) of the capital, This is starting from the company’s financial results ending on 31-03-2022. |
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