Arab Sea Information Systems Company announces the results of the Ordinary General Assembly Meeting (first meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Arab Sea Information Systems Company is pleased to announce the results of the Ordinary General Assembly (first meeting). |
| City and Location of the General Assembly's Meeting | At the company's headquarters in Riyadh, Al-Rayyan district - through modern technology means |
| Date of the General Assembly's Meeting | 2024-06-26 Corresponding to 1445-12-20 |
| Time of the General Assembly’s Meeting | 19:45 |
| Percentage of Attending Shareholders | 27.85% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The meeting was attended by the following Board Members:
1. Mr. Mohammed Saleh Al Suhaibani(Chairman) 2. Mr. Ahmed Suleman Al Jasser(Deputy Chairman) 3. Mr. Haitham Mohammed Al Suhaibani 4. Eng. Abdulaziz Mohammed Al Khalifa 5. Mr. Abdullah Mohammed Al Hawas 6. Mr. Turki Nasser Al Dahmash 7. Dr. Ahmed Sirag Khogeer 8. Mr. Saleh Mohammad Alojayyan
Absent Members :
No Board Members were absent from this meeting. |
| 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 Chairmen attended the meeting:
1.Dr. Ahmed Sirag Khogeer (Chairman of the Audit Committee)
2.Mr. Abdullah Mohammed Al Hawas (Chairman of the Nomination and Remuneration Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. Reviewed and discussed the report of the Board of Directors for the fiscal year ending on 31-12-2023
2. Approval on the company's auditor's report for the fiscal year ending on the 31-12-2023 A.D after discussing it
3. Reviewed and discuss consolidated financial statements for the fiscal year ending on 31-12-2023 AD
4. Approval to absolve the members of the Board of Directors from liability for the fiscal year ending on 31-12-2023 AD.
5. Approval on appointing of Al-Kharashi & Partners Company Certified Accountants and Auditors as company’s auditor among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the financial statements for the second, third quarters and annual of the year 2024 AD and the first quarter of the year 2025 AD and determine his fees of 450,000 Saudi Riyals.
6. Approval on disbursing an amount of 911,300 SR as a reward to the members of the Board of Directors for the fiscal year ending on 31-12-2023AD
7. Approval on the business and contracts that will take a place between the company and the member of the Board of Directors, Mr. Mohammed Saleh Al-Suhaibani(a direct interest) and the member of the Board of Directors Mr. Haitham Mohammed Al-Suhaibani,( indirect interest) which is represented in the purchase of an office tower consisting of 23 floors with a total area of 6,510 square meters located in the north of the city of Riyadh in Al-Sahafa District, to be a headquarters for the company and its subsidiaries, at a value of 59 million Saudi riyals Not including real estate transaction tax. it will be installment over a period of ten calendar years in equal annual installments in accordance with the prevailing regulatory conditions without any preferential conditions. |
| Additional Information | In case of any inquiries, please contact the IR Department via telephone 920000559 or 0114964444 Ext. 111
Or via email: [email protected] |
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