Abdulaziz and Mansour Ibrahim Albabtin Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | Al-Babtain Food Company announces the results of the Ordinary General Assembly meeting (first meeting), which was held at 08:30 pm on Thursday, 30/05/2024, via modern technology. The quorum was reached and the percentage of attendance (remotely) reached 84.6% of the company’s total shares. |
| City and Location of the General Assembly's Meeting | Riyadh - the main headquarters of Al-Babtain Food Company - using modern technology |
| Date of the General Assembly's Meeting | 2024-05-30 Corresponding to 1445-11-22 |
| Time of the General Assembly’s Meeting | 20:30 |
| Percentage of Attending Shareholders | 84.6% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | 1. Mr. Mansour Ibrahim Abdullah Al-Babtain - Chairman of the Board of Directors
2. Mr. Abdulaziz Ibrahim Abdullah Al-Babtain - Vice Chairman of the Board of Directors 3. Mr. Abdullah Mansour Ibrahim Al-Babtain - Member of the Board of Directors 4. Mr. Saud Abdul Rahman Ibrahim Al-Hadlaq - Member of the Board of Directors 5. Mr. Hamad Ibrahim Hamad Al-Salama - Member of the Board of Directors 6. Mr. Mohamed Omar Hassan Al-Bishr - Member of the Board of Directors |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1. Mr. Abdulaziz Ibrahim Abdullah Al-Babtain (Chairman of the Audit Committee)
2. Mr. Saud Abdul Rahman Ibrahim Al-Hadlaq (Chairman of the Nominations and ) |
| 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 31/12/2023 was reviewed and discussed.
2- The financial statements for the fiscal year ending on 31/12/2023 were reviewed and discussed. 3- Approval of the company’s auditor’s report for the financial year ending on 31/12/2023 AD after discussing it. 4- Approval of the appointment of RSM United Accountants for Professional Consultations from among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the quarterly and annual financial statements for the fiscal year 2024 and determine His fees are set at 175,000 riyals. 5- Approval to discharge the members of the Board of Directors from their liabilities for the year ending 31/12/2023. 6- Approval of the Board of Directors’ recommendation to distribute cash dividends in the amount of (1,700,000) riyals to shareholders for the first half of 2023, at (0.5 riyals) per share and at a rate of 5% of the capital, provided that the eligibility is for shareholders who own shares at the end of trading. The day of the General Assembly and those registered in the company’s shareholder register with the Securities Depository Center Company at the end of the second trading day following the maturity date, provided that the distribution date is Wednesday, 12/06/2024. 7- Approval of authorizing the Board of Directors to distribute interim dividends to shareholders on a semi-annual or quarterly basis for the fiscal year 2024. 8- Approval of the election of members of the Board of Directors from among the candidates for the session that begins on 24/02/2024 and lasts for three years, ending on 23/02/2027 AD. delusion : 1. Mr. Mansour Ibrahim Abdullah Ababtain 2. Mr. Abdulaziz Ibrahim Abdullah Al-Babtain 3. Mr. Abdullah Mansour Ibrahim Ababtain 4. Mr. Saud Abdul Rahman Ibrahim Al-Hadlaq 5. Mr. Hamad Ibrahim Hamad Al-Salama 6. Mr. Muhammad Abd al-Rahman Muhammad al-Aleeq |
| Additional Information | nothing |
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