Saudi Arabian Amiantit Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Saudi Arabian Amiantit Company is pleased to announce the results of the Ordinary General Assembly Meeting (First Meeting), which was held at 8:30 pm on Sunday 03-12-1445H corresponding to 09-06-2024G, where the meeting was held remotely, using modern technology, after the quorum of the meeting was completed. |
| City and Location of the General Assembly's Meeting | The company's main headquarters in Dammam through modern technology. |
| Date of the General Assembly's Meeting | 2024-06-09 Corresponding to 1445-12-03 |
| Time of the General Assembly’s Meeting | 20:30 |
| Percentage of Attending Shareholders | 32.04 |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | 1- His Highness Prince Ahmad bin Khalid bin Abdullah bin Abdulrahman Al Saud – Chairman of the Board of Directors.
2- Dr. Solaiman Abdulaziz Al-Tuwaijri – Member. 3- Dr. Mohammad Saud Albadr – Member. 4- Mr. Khalid bin Mohammed Al Bawardi – Member
Apology received from the Vice – Chairman His Royal Highness Prince Abdulaziz Bin Mohammad Bin Fahad Bin Abdulaziz Al-Saud. |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1- His Highness Prince Ahmad bin Khalid bin Abdullah bin Abdulrahman Al Saud – Chairman of executive committee.
2- Dr. Mohammed Bin Saud Abdulaziz Al-Badr - Chairman of the Nomination and Remuneration Committee. 3- Mr. Waleed Mohammed Al-Othaimeen – Member of Audit Committee. |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1- The Board of Directors’ report for the year ending 31/12/2023G was reviewed and discussed.
2- The company’s financial statements for the year ending on 31/12/2023G were reviewed and discussed. 3- Approval of the auditor’s report for the year ending 31/12/2023G after discussion. 4- Approval of appointment of Al Kharashi & Co. Certified Accountants and Auditors as auditor of the company from among the candidates based on the recommendation of the Audit Committee, to examine, review and audit the financial statements for the (second and third) quarters and annual of the fiscal year 2024G, and the first quarter of the fiscal year 2025G, with fees of SAR 1,180,000 (one million one hundred and eighty thousand Saudi Riyals). 5- Approval of discharging members of the Board of Directors from their liabilities for the year ending on 31/12/2023G. 6- Approval of paying an amount of SAR 1,000,000 as remuneration to the Board members for the fiscal year ending on 31-12-2023G. 7- Approval of the amendment of the Audit Committee's policy. 8- Approval of the amendment of the Nomination and Remuneration Committee's policy. 9- Approval of amendment the remuneration policy of the members of the Board of Directors and its committees. 10- Approval of the policies, standards and procedures of membership in the Board of Directors. 11- Approval of the standards and controls of competing businesses policy. |
| Additional Information | The Board of Directors of Saudi Arabian Amiantit Co. would like to thank all the respected shareholders for their participation and attendance on the Ordinary General Assembly meeting (first meeting). |
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