Saudia Dairy and Foodstuff Co. ("SADAFCO") Announces the Results of the Extraordinary General Assembly Meeting (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | Saudia Dairy & Foodstuff Co. (SADAFCO) announces the results of the Extraordinary General Assembly meeting (First Meeting) which held after the quorum was secured. |
| City and Location of the General Assembly's Meeting | Via modern technology means at the Company’s headquarters located in Jeddah, Kingdom of Saudi Arabia |
| Date of the General Assembly's Meeting | 2024-02-28 Corresponding to 1445-08-18 |
| Time of the General Assembly’s Meeting | 18:30 |
| Percentage of Attending Shareholders | 69.6% |
| 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 meeting with their names:
1- Sheikh Sabah Mohammed Abdulaziz Al Sabah (Board Member)
2- Mr. Ahmed Mohammed Hamed Al-Marzouki (Board Member)
3- Mr. Saied Ahmed Saied Basamh (Board Member)
4- Mr. Suleiman Saud Jarallah Al-Jarallah (Board Member)
5- Mr. Hani Abdulaziz Ahmed Saab (Board Member)
6- Mr. Mussad Abdullah Abdulaziz Al-Nassar (Board Member)
7- Mr. Abdullah Hamdan Abdullah Al-Nassar (Board Member)
The following were unable to attend this meeting:
1- Sheikh Hamad Sabah Al-Ahmad (Chairman)
2- Mr. Faisal Hamad Al Ayyar (Vice-Chairman) |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | - Mr. Ahmed Mohammed Al-Marzouki (Board Member - Chairman of Remuneration & Nomination Committee)
- Mr. Saied Ahmed Saied Basamh (Board Member - Audit Committee Member)
- Mr. Hani Abdulaziz Ahmed Saab (Board Member - Investment Committee Member) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1- Approval of the election of the members of the Board of Directors from among the candidates for the next session, which starts from the date of 01-04-2024 and its duration is four years, which ends on 31-03-2028:
1- Sheikh Hamad Sabah Al-Ahmad Al Sabah 2- Sheikh Sabah Mohammed Abdulaziz Al Sabah 3- Mr. Faisal Hamad Mubarak Al Ayyar 4- Mr. Ihab Ibrahim Mohamed Osman 5- Mr. Saied Ahmed Saied Basamh 6- Mr. Ahmed Mohammed Hamed Al Marzouki 7- Mr. Mussad Abdullah Abdulaziz Al Nassar 8- Mr. Hani Abdulaziz Ahmed Saab 9- Mr. Esam Saleh Ahmed Al thukair
2- Approved extending the maximum period within which the Company may hold the treasury shares (amounting to five hundred thousand and two hundred fifty “500,250”) as treasury shares, as approved by the Extraordinary General Assembly of the Company on 11-04-1440H (corresponding to 18 December 2018G) for another period of (five) years starting from 28-02-2024G. After this period expires, the Company will comply with the procedures and controls stipulated in the applicable regulations.
3- Approved to amend the Audit Committee Charter.
4- Approved to amend the Nomination & Remuneration Committee Charter.
5- Approved to amend the Board Membership Policy.
6- Approved to amend the Policy for Remuneration of Board of Directors, Its Committees and Executive Management. |
Comments