Raydan Food Co. Announces the Results of the Extraordinary General Assembly Meeting, ( Second Meeting )
| Element List | Explanation |
|---|---|
| Introduction | Raydan food Company announces the results of the Extraordinary General Assembly meeting (second meeting) held at 8:30 pm on Tuesday, October 10, 2023 AD corresponding to 25 1st Rabi 1445 AH, through modern technical means using the tadawulaty platform due to the lack of a quorum at the first meeting42.02%, as the second meeting was held an hour after the first meeting, which completed the quorum necessary to convene reached 42.37 % |
| City and Location of the General Assembly's Meeting | The Company's headquarters is in Jeddah, Al-Safa district, Abdullah Al Sharbatly St., through modern means of technology. |
| Date of the General Assembly's Meeting | 2023-10-10 Corresponding to 1445-03-25 |
| Time of the General Assembly's Meeting | 20:30 |
| Percentage of Attending Shareholders | Attendance at the second meeting was 42.37% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The Following Board Members attended the Extraordinary General Assembly Meeting, (Second Meeting):
1- Mr. Omar Rabeh Sater Alselami - Chairman of the Board of Directors 2- Mr. Nair Bayan Muhji Alsulami - Vice-Chairman 3- Mr. Mansour Nasser Awadallah Al-Sulami - Managing Director & CEO 4- Mr.Faisal Saad A. Al Subaie 5- Mr.Sultan Mohammed Rashed Al Howymel |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | The Following Committees Chairpersons attended the Meeting:
1- Mr. Mazen Khalaf Hasan Al-Zayer (Chairman of the Audit Committee) 2- Mr.Sultan Mohammed Rashed Al Howymel (Chairman of the Remuneration and Nomination Committee) 3- Mr. Nair Bayan Muhji Alsulami (Chairman of the executive committee) 4- Mr.Faisal Saad A. Al Subaie (Chairman of the Governance and risk, Committee ) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. Approval of the transfer of the company's statutory reserve balance of SAR (27,413,798) as in the financial statements for the year ended December 31, 2022 to the retained earnings account.
2. Approval of the disbursement of an amount SAR (1,197,945) as a reward to (current) board members for the fiscal year ended 31 December 2022 AD.
3. Approval of the disbursement of an amount SAR (746,959) as a reward to the members of the committees emanating from the board of Directors (current) for the fiscal year ending on 31 December 2022 AD |
| Additional Information | The Board of Directors of the Raydan Food Company would like to thank all the respected shareholders for their participation and attendance the Extraordinary General Assembly (Second Meeting).
In the event of any inquiries, please contact the Company’s through: Raydan Food Company Investor Relations Department Phone: +966 12 6781177 or via the E-mail: corporate.governance@raydan.com.sa |
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