Arabian Centres Co. (Cenomi Centers) announces the results of its Extraordinary General Meeting (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | Arabian Centres Co. (Cenomi Centers) is pleased to announce the results of the Extraordinary General Meeting (First Meeting), held at 20:00 on Tuesday 9 January 2024. |
| City and Location of the General Assembly's Meeting | Company’s Headquarter, Riyadh City- via modern technology. |
| Date of the General Assembly's Meeting | 2024-01-09 Corresponding to 1445-06-27 |
| Time of the General Assembly’s Meeting | 20:00 |
| Percentage of Attending Shareholders | 77.87% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following BoD members attended:
1) Eng. Kamel Badih Al-Qalam (NRC member, non-Executive)
2) Mr. Mohamad Rafic Mourad (Managing Director, Executive)
3) Mr. Abdulmajid bin Abdullah Albasri (NRC member, non-Executive)
4) Mr. Johan Henri Brand (NRC Chairman, Independent)
5) Mr. Turki Saud Al-Dayel (AC member, independent)
6) Mr. Khalid Abdullah Al-Suwailem (Independent)
And the following BoD members did not attend:
1) Mr. Fawaz bin Abdulaziz Al-Hokair (BoD Chairman, non-Executive)
2) Eng. Salman bin Abdulaziz Al-Hokair (BoD Vice Chairman, non-Executive)
3) Dr. Abdulrahman bin Abdulaziz Al-Tuwaijri (Independent) |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | Mr. Johan Henri Brand (NRC Chairman, Independent) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1) Approving the authorisation and approval of one or more issuances and offerings of Shari’a compliant sukuk certificates (the “Sukuk") (each, a “Sukuk Offering”) in aggregate principal amount of up to SAR 3,750,000,000 (or equivalent amount in any other currencies as may be determined by the Board of Directors in their own discretion from time to time), which may be issued: (i) on a private placement basis either domestically or internationally; (ii) either as a standalone Sukuk issuance transaction or as an establishment of (together with any periodic updating and supplementing of) a Sukuk issuance programme, and through a single or multiple issuances; and (iii) either through a special purpose vehicle incorporated in an offshore jurisdiction or directly by the Company, in each case in accordance with the Board of Directors’ and the Company’s long term policy to move the Company to more flexible, unsecured financing, and, in the case of each such Sukuk Offering, in accordance with such terms as may be approved by the Board of Directors, and granting the Board of Directors of the Company the general and unconditional authority to carry out all necessary actions or procedures, either directly or by way of delegation, in respect of any such Sukuk Offerings, and to adopt any resolution, take any action and negotiate, approve and enter into any agreement, deed or another document as may be necessary to implement any such Sukuk Offerings, and to decide the number, value and pricing of Sukuk offered pursuant to any such Sukuk Offerings, and the timing of any such Offerings, based on market conditions and the Company’s financial condition, without reverting to the General Assembly of Shareholders. |
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