National Gas and Industrialization Co. Announces the Results of the Extraordinary General Assembly Meeting, ( Second Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the National Gas and Industrialization Company is pleased to announce the results of the Extraordinary General Assembly Meeting (second meeting) |
| City and Location of the General Assembly's Meeting | Riyadh/ Head Office (remotely and via modern technology means) |
| Date of the General Assembly's Meeting | 2024-05-26 Corresponding to 1445-11-18 |
| Time of the General Assembly’s Meeting | 20:30 |
| Percentage of Attending Shareholders | 28.59 |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following Board members have attended the meeting:
1- Eng. Abdulaziz Fahad Al Khayyal 2- Mr. Ali Mohammed AlSaflan 3- Mr. Ahmed Abdulrahman Al Mohsen 4- Mr. Raed Abdullah Al Tamimi 5- Dr. Saad Abdulaziz Alhoqail 6- Dr. Mohammed Hamad Al Kathiri 7 - Eng. Abdulrahman Abdulaziz bin Sulaiman 8- Mr. Ibrahim Hamad Abdullah AlRashid He apologized for attending: 1- Mr. Bakr Abdulrahman Al Muhanna 2- Mr. Turki Abdullah Al Jawini |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | Eng. Abdulaziz Fahad Al-Khayyal (Head of Executive Committee)
- Mr. Ahmed Abdulrahman Al Mohsen (Head of Audit Committee) - Dr. Saad Abdulaziz Alhoqail (Vice Chairman of the Investment Committee) - Mr. Raed Abdullah Al-Tamimi (Head of Risk Management Committee) - Mr. Ali Mohammed AlSaflan (Vice Chairman of the Nominations and Remuneration Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. The Board of Directors’ report for the financial year ending on December 31, 2023 was reviewed and discussed.
2. Approval of the company’s auditor’s report for the financial year ending on December 31, 2023. After discussing it. 3. The financial statements for the fiscal year ending on December 31, 2023 were reviewed and discussed 4. Approval to discharge the members of the Board of Directors from their liabilities for the fiscal year ending on December 31, 2023. 5. Approval of appointing an auditor for the company, Pwc for a fee amounting to (1,194,000 riyals) without tax, in order to examine, review and audit the financial statements for the second, third and annual quarters of the fiscal year 2024 AD, and the first quarter of the fiscal year 2025 AD, from Among the candidates based on the recommendation of the Audit Committee. 6. Approval of delegating the authority of the Ordinary General Assembly to the Board of Directors with the license contained in Paragraph (1) of Article Twenty-Seven of the Companies Law, for a period of one year from the date of the General Assembly’s approval or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance with the conditions stated in the Executive Regulations. The corporate system for listed joint stock companies. 7. Approval of authorizing the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year 2024. 8. Approval to disburse an amount of (3,633,000) riyals as a reward to members of the Board of Directors for the financial year ending on December 31, 2023 AD. 9. Approval of the Competition Business Standards Regulations. 10. Approval of amending the regulations of the Audit Committee. 11. Approval of amending the regulations of the Nominations and Remuneration Committee. 12. Approval of amending policies, standards and procedures for membership in the Board of Directors. 13. Approval of amending the company’s bylaws in accordance with the new companies’ bylaws, and rearranging the articles of the bylaws and numbering them to be consistent with the proposed amendments. |
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