Aljouf Mineral Water Bottling Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )

01 September 2022 08:12 AM

ALJOUF WATER 9532 -19.03% 23.40 -5.50

Element List	Explanation
Introduction	The Board of Directors of Al-Jouf Mineral Water Company is pleased to announce the results of the meeting of the General Assembly (first meeting) held at 18:30 on Wednesday 04/02/1444 corresponding to 31/08/2022 Through Modern Technology.
City and Location of the General Assembly's Meeting	The company's head office is located in Riyadh- Through Modern Technology.
Date of the General Assembly's Meeting	2022-08-31 Corresponding to 1444-02-04
Time of the General Assembly's Meeting	18:30
Percentage of Attending Shareholders	50.61%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	The meeting was attended by the following members of the Board of Directors: Mr. Ashry Saad Al-Ashry - Chairman of the Board of Directors Mr. Saad Sunitan Hudaib - Vice-President of the Board Mr. Mohammed Saad Al-Ashri - Board Member Absent from attendance Mr.Saqr Abdullah Saqr - Board Member Mr. Fahad Mohamed Al-Habdan - 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	The meeting was attended by the following chairpersons and members: Mr. Hisham Abdel Rahman Moqren - Member of the Audit Committee Mr. Mohammed Abdullah Al-Mubarak - Member of the Audit Committee
Voting Results on the Items of the General Assembly's Meeting Agenda's	1- Approval of the election of the members of the Board of Directors from among the candidates for the next session, beginning on the date of the regular General Assembly on 31-08-2022, for a period of three years, expiring on 30-08-2025, when the following members were elected: • Ashry Saad Mazal Al-Ashry • Fahad Mohamed Ibrahim al-Habdan • Musa Abdullah Ali Al-Fouzan • Hisham Abdulrahman Mohammed Moqren • Mohammed Hamdan Suraia Al Suraia 2- Approval of the formation of the Audit Committee and determination of its functions, the controls of its work and the remuneration of its members for the new session from the date of the regular General Assembly on 31-08-2022 until the end of the session on 30-08-2025: • Hisham Abd al-Rahman Moqren • Fahad Mohamed Ibrahim al-Habdan • Mohammed Abdullah Al-Mubarak 3- Approval of the authorization of the Board of Directors from its conclusion on 18-07-2022 until the date of the Regular General Assembly on 31-08-2022 4- Approval of the works and contracts between the company and Arabian Mining Company in which the member of the Board of Directors Mr. Ashry Saad Al-Ashry has an indirect interest, which is (acting expenses salaries and employees' stays and no specific conditions) in the amount owed 1,021,035SAR for 2021. 5- Approval of the works and contracts between the Company and the Facilities Execution Company in which the member of the Board of Directors Mr. Mohammed Saad Al-Ashry has an indirect interest, which is (acting expenses and no specific conditions) in the amount of SAR 1,631,317 for 2021. 6- Approval of the works and contracts between the Company and the Development Works Company (Holding Company) which are for the members of the Board of Directors Mr. Ashry Saad Al-Ashry and Mr. Saad Sunitan Hudaib indirect interest therein, which is (acting expenses, water supply and no specific conditions) in the amount owed by SAR 628,384 for 2021. 7- Approval of the works and contracts between the company and Al-Rai Environmental Services Company in which the board member Mr. Ashry Saad Al-Ashry has an indirect interest, namely (factory financing for operation and no specific conditions) in the amount of credits of SAR 5,215,109 for 2021. 8- Approval of the works and contracts between the Company and the Food Development Works Company in which the member of the Board of Directors Mr. Ashry Saad Al-Ashry has an indirect interest, namely (financing the plant machinery and no specific conditions) in the amount of SAR 804,054 for 2021. 9- Approval of the works and contracts between the Company and the Company of Acquisition Holding which are for the members of the Board of Directors Mr. Ashry Saad Al-Ashry and Mr. Saad Sunitan Hudaib indirect interest therein, which are (acting expenses employee dues and no specific conditions) in the amount of SAR 17,425 for 2021. 10- Approval of the works and contracts between the Company and the Development Works Company Limited which are for the members of the Board of Directors Mr. Ashry Saad Al-Ashry and Mr. Saad Sunitan Hudaib indirect interest therein, which is (financing machinery for the factory and no specific conditions) in the amount of SAR 7,566,438 for 2021. 11- Approval of the works and contracts between the company and the Wishah al-Watan branch of the Al-Rai Environmental Services Company in which the board member Mr. Ashry Saad Al-Ashry has an indirect interest, namely (acting expenses, salaries of insurance employees and no specific conditions) in the amount of SAR 48,387 for 2021.

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