Mohammed Hasan AlNaqool Sons Co. Announces the Results of the Extraordinary General Assembly Meeting, ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Mohammad Hassan Al-Naqool Sons Company is pleased to announce the results of the Extraordinary General Assembly meeting, which was held at exactly seven o’clock in the evening on Sunday 6/11/2023 AD, corresponding to 11/22/1444 AH, through modern technology |
| City and Location of the General Assembly's Meeting | The company's main center in Dammam - through modern technology |
| Date of the General Assembly's Meeting | 2023-06-11 Corresponding to 1444-11-22 |
| Time of the General Assembly's Meeting | 19:00 |
| Percentage of Attending Shareholders | 73.47% |
| 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:
1- Mr. Majed bin Mohammed bin Hassan Al-Subaie (Chairman of the Board of Directors) 2- Mr. Mohammad Hazaa Mohammad Al-Mutairi (Vice Chairman of the Board of Directors) 3- Mr. Turki bin Mohammed bin Hassan Al-Subaie (Managing Director and Chief Executive Officer) 4- Mr. Saad Rashed Manea Al-Shubrami (Member of the Board of Directors)
Mr. Nizar Saleh Suleiman Al-Sarraf (Member of the Board of Directors) apologized for the absence. |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | Messrs. attended the meeting:
1- Mr. Mohammad Hazaa Mohammad Al-Mutairi (Chairman of the Remuneration and Nominations Committee) 2- Mr. Mubarak Ayed Mohammed Al Subaie (Chairman of the Audit Committee) 3- Mr. Mohammad Hazaa Mohammad Al-Mutairi (Chairman of the Risk Management Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1- The report of the Board of Directors for the fiscal year ending on 12/31/2022 was reviewed and discussed.
2- Approval of the company's auditor's report for the fiscal year ending on 12/31/2022 AD, after discussing it. 3- The financial statements for the fiscal year ending on 12/31/2022 AD were reviewed and discussed. 4- Approving the discharge of the members of the Board of Directors from their liability for the fiscal year ending on 12/31/2022 AD. 5- Approval of the business and contracts concluded between the company and Eram Al-Sharq Company, in which the former board member (Mr. Mohammad Mutlaq Dreamih Al-Subaie) has an indirect interest, of an operational nature (supplying and selling raw materials). The value of the transaction amounted to (5,832,000) Saudi riyals. During the year 2022 AD, and there are no preferential conditions. 6- Approval of the remuneration policy for members of the Board of Directors, its committees and the executive management of the company. 7- Approving the amendment of the company's articles of association in line with the new corporate law, and rearranging the articles of the company's articles of association and numbering them to comply with the proposed amendments. |
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