Aljouf Mineral Water Bottling Co. Announces the Results of the Extraordinary General Assembly Meeting, ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Al-Jouf Mineral Water Company is pleased to announce the results of the Extraordinary General Assembly meeting (the first meeting), which was held at 19:10 pm on Monday 01/12/1444 corresponding to 19/06/2023. by means of modern technology. |
| City and Location of the General Assembly's Meeting | The company's headquarters is in the city of Riyadh, through modern technology |
| Date of the General Assembly's Meeting | 2023-06-19 Corresponding to 1444-12-01 |
| Time of the General Assembly's Meeting | 19:10 |
| Percentage of Attending Shareholders | 56.9% |
| 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 - Dr. Fahad M Alhabdan - Vice-President - Mr. Hisham Abdel Rahman bin Moqrin - Member - Mr. Musa Abdullah Al-Fawzan – Member - Mr. Mohamed Hamdan Al-Suraiyea – 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:
- Dr. Fahad M Alhabdan - Member of the Audit Committee - Chairman of the Nominations and Remunerations Committee - Mr. Musa Abdullah Al-Fawzan - Member of the Nominations and Remunerations Committee - Mr. Hisham Abdel Rahman bin Moqrin - Chairman of the Audit Committee - Mr. Mohammed A Almubarak - Member of the Audit Committee |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1- The financial statements for the fiscal year ending on 31/12/2022 were reviewed and discussed.
2- The report of the Board of Directors for the fiscal year ending on 31/12/2022 was reviewed and discussed. 3- Approving the release of the members of the Board of Directors from liability for the fiscal year ending on 31/12/2022. 4- Approval of the auditor's report for the fiscal year ending on 31/12/2022. 5- Approving the appointment of the United Accountants (RSM) as an auditor for the company’s accounts from among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the semi-annual and annual financial statements for the fiscal year 2023 AD and determine his fees. 6- Approving the business and contracts concluded between the company and the Development Business Company Limited, a holding company, in which the members of the Board of Directors, Mr. Ashry Saad Al Ashry and Mr. Saad Sunitan Hudayb, have an indirect interest, which is (actual expenses and supplies and there are no preferential terms) with a debit amount of 3,928,530 SAR for the year 2022. 7- Approval of the business and contracts that took place between the company and Weshah Al-Watan Company, the branch of Al-Rai Environmental Services Company, in which a member of the Board of Directors, Mr. Ashry Saad Al-Ashry, has an indirect interest, which is (acting expenses and salaries and there are no preferential conditions) with a debit amount of 952,002 riyals for the year 2022 . 8- Approval of the business and contracts concluded between the company and Al-Rai Environmental Services Company, in which a member of the Board of Directors, Mr. Ashry Saad Al-Ashry, has an indirect interest, which is (financing and there are no preferential conditions) with a credit amount of 1,495,109 riyals for the year 2021. 9- Approval of the business and contracts that took place between the company and the Kassab Holding Company, in which the members of the Board of Directors, Mr. Ashry Saad Al Ashry and Mr. Saad Sunitan Hudayb, have an indirect interest, which is (deputy expenses and there are no preferential conditions) with a credit amount of 17,425 riyals for the year 2022. 10- Approval of the business and contracts concluded between the company and the Development Works Company Limited, in which the members of the Board of Directors, Mr. Ashry Saad Al Ashry and Mr. Saad Sunitan Hudayb, have an indirect interest, which is (financing and there are no preferential conditions) with a credit amount of 8,016,619 riyals for the year 2022. 11- Approving the amendment of the company’s bylaws in line with the new companies’ bylaws. |
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