Al-Baha Investment and Development Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | Al-Baha Investment and Development Company announces the results of the Ordinary General Assembly meeting (the first meeting), which was held on Monday at 6:30 pm on 01-12-1444 AH corresponding to 06-19-2023 AD, through modern technology using the Tadawulaty system, where the percentage of Attendance 35.58% of the shares representing the capital |
| City and Location of the General Assembly's Meeting | The company's main headquarters - Al Baha - King Fahd Road - by means of modern technology |
| Date of the General Assembly's Meeting | 2023-06-19 Corresponding to 1444-12-01 |
| Time of the General Assembly's Meeting | 18:30 |
| Percentage of Attending Shareholders | 35.58 |
| 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. Mohammed bin Saleh Al Hammadi - Chairman of the Board of Directors Mr. Ibrahim bin Abdullah bin Kulib - Vice Chairman of the Board of Directors Mr. Saad bin Abdul Mohsen Al Hamidi - Chairman of the Audit Committee Dr. / Abdulaziz Al-Hammadi - Member of the Board of Directors Mr. Mishaal bin Muhammad Mufti - Member of the Board of Directors Mr. Abdullah bin Muhammad Bal shraf - Member of the Board of Directors Absence of members of the Board of Directors from attendance due to their personal circumstances: Mr. Abdullah bin Fahd Al-Madyan - Chairman of the Nominations and Remuneration Committee Mr. Turki bin Abdul Rahman Al-Rasis - 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 | Mr. Saad bin Abdul Mohsen Al Hamidi - Chairman of the Audit Committee
Mr.Abdullah bin Fahd Al-Madian - Chairman of the Nominations and Remuneration Committee (he apologized for not attending due to his personal circumstances, and Mr. Abdullah Muhammad attended with honor, a member of the Nominations and Remuneration 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 December 31, 2022 AD was reviewed and discussed.
2- The report of the company's auditor for the fiscal year ending on December 31, 2022 AD was approved after its discussion. 3- The financial statements for the fiscal year ending on December 31, 2022 AD were reviewed and discussed. 4- Approving the appointment of Talal Abu-Ghazaleh & Co. Certified Public Accountants as the company’s auditor among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the financial statements for the second, third and annual quarters of the fiscal year 2023 AD and the first quarter of 2024 AD and determine his fees. 5- Approving the release of the members of the Board of Directors from liability for the fiscal year ending on December 31, 2022 AD. 6- Approval of delegating the Board of Directors with the powers of the Ordinary General Assembly with the authorization contained in Paragraph (1) of Article (27) of the Companies Law, for a period of one year from the date of approval of the Ordinary General Assembly or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance with the executive regulations The corporate system for listed joint stock companies. |
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