The Commercial Future Care Company announces the results of the Extraordinary General Assembly meeting (First Meeting)
|The Commercial Future Care Company announces to its shareholders the results of the Extraordinary General Assembly meeting (first meeting), which was held at exactly 7:00 PM on Sunday, 22nd of Dhul-Qadah 1444 AH, corresponding to June 11, 2023, at the company's main headquarters (in Jeddah city) in Al-Khalidiya district - using modern technology means via the "Tadawulati" service; this followed the completion of the legal quorum for the validity of the assembly convening.
|City and Location of the General Assembly's Meeting
|Via modern technology means from the main headquarters of the company located in (Jeddah city), Al-Khalidiya district.
|Date of the General Assembly's Meeting
|2023-06-11 Corresponding to 1444-11-22
|Time of the General Assembly's Meeting
|Percentage of Attending Shareholders
|Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees
| 1-Mr. Mansour bin Abdulaziz bin Hasher - Chairman of the Board of Directors
2- Mr. Walid Ahmed Mohamed Naghi - Vice Chairman of the Board of Directors
3- Mr. Safar Mabelesh Safar Al-Baqami - Chief Executive Officer
4- Mr. Majed Jadallah Attia Al-Hujaili - Member of the Board of Directors
|Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf
|Ms. Al-Jawhara Abdulaziz bin Hasher, Chairman of the Audit Committee
|Voting Results on the Items of the General Assembly's Meeting Agenda's
| 1- The board's report for the fiscal year ended December 31, 2022 was reviewed and discussed.
2- The company auditor's report for the fiscal year ended December 31, 2022 was approved after discussion.
3- The company's financial statements for the fiscal year ended December 31, 2022 were reviewed and discussed.
4- The United Accountants for Professional Consultations company was appointed as the company's auditor among the candidates based on the recommendation of the Audit Committee, to examine, review, and audit the financial statements for the first half of the fiscal year 2023 and the annual of the fiscal year 2023, and to determine their fees.
5- The board members were discharged for the year ended 31/12/2022.
6- Approval of electing a board member from among the candidates to fill the two vacant seats, starting from the date of the assembly on 06/11/2023, and until the end of the board term on 04/03/2026. They are:
1- Yasser Mohammed Ali Abu Nami
2- Ahmed Hassan Ali Nagi
7- Approval to delegate the board of directors with the authority of the ordinary general assembly with the license stated in paragraph (1) of Article Twenty-seven of the companies' system, for a year from the date of approval of the general assembly or until the end of the term of the authorized board, whichever is earlier, according to the terms contained in the executive regulations of the companies' system for listed joint-stock companies.
8- Approval of splitting the company's shares as follows:
• Nominal value of the share before modification: 10 Saudi Riyal
• Nominal value of the share after modification: 0.10 Saudi Halalas
• Number of shares before modification: 5,000,000 shares
• Number of shares after modification: 500,000,000 shares
• No change in the company's capital before and after the share splitting process
• Effective Date: If the item is approved, the split decision will be effective on all shareholders who own the shares on the day of the Extraordinary General Assembly meeting who are registered in the company's shareholders register at the Securities Depository Center (Edaa) at the end of the second trading day following the date of the Extraordinary General Assembly meeting where the share split was decided.
The effect of the decision will be applied to the share price starting from the next business day of the meeting, and the number of shares will be applied in the shareholders' portfolios at the end of the second trading day following the date of the Extraordinary General Assembly meeting where the share split was decided.
• Amendment of Article No. (7) of the company's basic system related to the company's capital.
• Amendment of Article No. (8) of the company's basic system related to subscription in shares.
9- Approval to add an article to the company's basic system with the number (12) related to (the company's purchase of its shares and selling them and pledging them).
10- Approval of the amendment of Article (18) of the company's basic system related to the powers of the board of directors.
11- Approval of amending the company's basic system to comply with the new companies' system, and reordering and numbering the system's materials; to comply with the proposed amendments.