Raydan Food Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | Raydan food Company announces the results of the Ordinary General Assembly Meeting (First Meeting) which was held at 07:30 pm on Thursday 07-12-1445 AH corresponding to 13-06-2024 AD. |
| City and Location of the General Assembly's Meeting | The Company's headquarters is in Jeddah, Al-Safa district, Abdullah Al Sharbatly St., through modern means of technology. |
| Date of the General Assembly's Meeting | 2024-06-13 Corresponding to 1445-12-07 |
| Time of the General Assembly’s Meeting | 19:30 |
| Percentage of Attending Shareholders | 32.24% |
| 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- Mr. Nair Bayan Alsulami - Chairman of the Board of Directors
2- Mr. Sultan Mohammed Al Howymel - Vice-Chairman
3- Mr. Mansour Nasser Al-Sulami - Managing Director & CEO |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | The Following Committees Chairpersons attended the Meeting:
1- Mr. Mazen Khalaf Al-Zayer (Chairman of the Audit Committee)
2- Mr. Sultan Mohammed Al Howymel (Chairman of the Remuneration and Nomination Committee)
3- Mr. Nair Bayan Alsulami (Chairman of the executive committee & Governance, Risk & Compliance Committee Member) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1- The consolidated Financial Statements for the fiscal year ending 31-12-2023G was reviewed and discussed.
2- The Board Report for the fiscal year ending 31-12-2023G was reviewed and discussed.
3- Approval of the Auditors Report for the fiscal year ending 31-12-2023G.
4- Approval of the absolve the members of the Directors from liability for the fiscal year ending 31-12-2023.
5- Approval of appointment of Ibrahim Mohammed Al-Bassam & partners 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 375,000 (Three hundred seventy-five thousand Saudi Riyals).
6- Approval of disbursing an amount of the sum of SAR (1,784,930) annual remuneration to the members of the Board of Directors for the financial year ended on 31-12-2023.
7- Approval of the policy of competition controls and standards.
8- Approval of the Social Responsibility policy.
9- Approval of amending the policy, criteria and procedures of membership of the Board of Directors.
10-Approval of the rules of work of the board of directors.
11-Approval of amending the rules of work of the Remuneration and Nominations Committee.
12-Approval of amending the rules of work of the Audit Committee.
13-Approval of the decision of the board of directors to appoint Mr. Adel Shamsuddin Siddiqui as an independent member of the board of directors starting from the date of his appointment on 14-05-2024 to complete the board session until the end of the current session on 20-04-2025 to succeed the previous member Mr. Faisal Saad al-Subaie (independent member). |
| Additional Information | For any inquire please contact Investor Relations at:
Raydan Food Company Investor Relations Department Phone: +966 12 6781177 or via the E-mail: [email protected] |
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