United International Transportation Company (Budget Saudi) Announces the Results of the Extraordinary General Assembly Meeting (Second Meeting)

27 August 2023 08:05 AM

BUDGET SAUDI 4260 14.77% 74.60 9.60

Element List	Explanation
Introduction	The Board of Directors of United International Transportation Company (Budget Saudi) is pleased to announce the results of the Extraordinary General Assembly (Second Meeting), which was held on Thursday 24/08/2023 at 7:30 pm by using modern technology means.
City and Location of the General Assembly's Meeting	By means of modern technology from the Company's Headquarters in Jeddah.
Date of the General Assembly's Meeting	2023-08-24 Corresponding to 1445-02-08
Time of the General Assembly's Meeting	19:30
Percentage of Attending Shareholders	43.44%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	The Board Members who attended the meeting are: 1. Bassim Abdullah Alim (Board Chairman) 2. Khaled Abdullah Aldabal (Board Vice-Chairman) 3. Mohammed Abdulaziz Alghannam 4. Abdulrahman Hassan Bakheet 5. Ahmed Abdullatif Albarrak 6. Abdullah Jarallah Alsaawi 7. Miqad Abdullah Alkhamis 8. Yousef Abdullah Alrajhi
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf	1. Mohammed Abdulaziz Alghannam (Chairman of the Audit Committee) 2. Miqad Abdullah Alkhamis (Chairman of the Remuneration and Nominations Committee & the Executive Committee) 3. Ahmed Abdullatif Albarrak (Chairman of the Governance and Risk Management Committee) 4. Yousef Abdullah Al-Rajhi (Chairman of the Investment Committee)
Voting Results on the Items of the General Assembly's Meeting Agenda's	1. Approval on the amendment of the company's bylaws to be in line with the new companies' bylaws. 2. Approval on the amendment of the Remuneration and Nomination Committee Charter. 3. Approval on the amendment of the Audit Committee Charter. 4. Approval on the amendment of the Policies, Standards, and procedures for membership in the Board of Directors. 5. Approval on the amendment of the policy for the remuneration of the Board of Directors, its committees, and the executive management. 6. Approval on the amendment of Article (3) of the company's bylaws related to (the company's objectives). 7. Approval on the amendment of Article (26) of the company's bylaws related to (the quorum for the board meeting).

Comments