Saudi Electricity Co. Announces the Results of the 10th Extraordinary General Assembly Meeting, (First Meeting)
Element List | Explanation |
---|---|
Introduction | Saudi Electricity Company is pleased to announce to its valued shareholders the results of the 10th Extraordinary General Assembly Meeting (First Meeting) |
City and Location of the General Assembly's Meeting | Through modern technology from the Company’s headquarters in Riyadh (via Tadawulaty platform) |
Date of the General Assembly's Meeting | 2024-04-16 Corresponding to 1445-10-07 |
Time of the General Assembly’s Meeting | 19:00 |
Percentage of Attending Shareholders | 86.97 |
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:
1- H.E. Dr. Najm Abduallah Alzaid(Chairman) 2- Mr. Walid Ibrahim Shukri 3- Mr. Khalid Salem Alrowais 4- Mr. Mohammed Abdulrahman Albalaihed 5- Dr. Mohammed Saeed Owayedh 6- Eng. Abdulaziz Ahmed Al-Naim 7- Eng. Scott Mathew Prochazka 8- Mr. Cheong, Seung-IL
The following members failed to attend the General Assembly meeting: 1- Dr. Raed Nasser Alrayes(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 | 1- Dr. Najm Abduallah Alzaid (Chairman of the Executive Committee)
2- Mr. Mohammed Abdulrahman Albalaihed (Chairman of the Nomination and Remuneration Committee) 3- Mr. Walid Ibrahim Shukri (Chairman of the Risk and Compliance Committee) 4- Mr. Khalid Salem Alrowais (Chairman of the Audit Committee) 5- Eng. Abdulaziz Ahmed Al-Naim (Chairman of Health, Safety, Security, Environment and Sustainability Committee) 6- Dr. Mohammed Saeed Owayedh (Chairman of the Technical Committee |
Voting Results on the Items of the General Assembly's Meeting Agenda's | 1- Approve the transferring the balance of the statutory reserve amonting to (SAR 7,105,975,171.12) seven billion one hundred five million nine hundred seventy-five thousand one hundred seventy-one Saudi riyals and twelve halalas as in the financnial statements of the year ended on 31 December 2022.
2- Approve the transferring the balance of the genral reserve amonting to (SAR 702,343,122.73) seven hundred two million three hundred forty-three thousand one hundred twenty-two Saudi riyals and seventy-three halalas as in the financnial statements of the year ended on 31 December 2022. 3- Approve the amending the Remuneration Policy for Members the Board, its Committees, and the Executive Management. |
Comments