Development Works Food Co. Announces the Results of the Ordinary General Assembly Meeting, ( Second Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Development Works Food Co. announces the results of the Ordinary General Assembly Meeting (Second Meeting) held at 20:40 on Sunday 24-12-1445 corresponding to 30-06-2024 - via modern technology. Due to the lack of a quorum in the first meeting, the second meeting was held one hour after the scheduled time for the first meeting, with the shares representing in the meeting, where the attendance rate reached 12.97% of the shares represented in the capital. |
| City and Location of the General Assembly's Meeting | Company headquarters - Riyadh city and through modern technology |
| Date of the General Assembly's Meeting | 2024-06-30 Corresponding to 1445-12-24 |
| Time of the General Assembly’s Meeting | 20:40 |
| Percentage of Attending Shareholders | 12.97% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following members of the Board of Directors attended the meeting:
- Mr. Anas Salih Al-Amoud - Chairman - Mr. Hisham Abdelrahman Mugrin - Vice President - Mr. Ibrahim Nasir Al-Shimamri - Board Member - Mr. Yazid Khalid Al-Tamimi - Board Member - Mr. Bashar Abdel Aziz Aba Al-Khail - Board Member Mr. Abdullah Khalid Al-Fadli - Board Member |
| 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 chairpersons and members attended the meeting:
- Mr. Abdelaziz Mohammed Ababtain - Head of the Audit Committee - Mr. Musa Abdellah Al-Fawzan - Audit Committee Member - Dr. Omar Mohammed Almanea - Audit Committee Member - Mr. Yazid Khalid Al-Tamimi - Head of the Nominations and Remunerations Committee - Mr. Ibrahim Nasier Al-Shimamri - Nominations and Remunerations Committee Member Mr. Anas Salih Al-Amoud - Nominations and Remunerations Committee Member |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. The financial statements for the fiscal year ending 31-12-2023 were reviewed and discussed.
2. The Board of Directors' report for the fiscal year ending 31-12-2023 was reviewed and discussed. 3. Approval of the company's auditors' report for the fiscal year ending 31-12-2023 after discussing it. 4. Approval of the appointment of Messrs. RSM United Accountants for Professional Consulting as the company's auditor from among the candidates based on the recommendation of the Audit Committee, to examine, review, and audit the financial statements for the second, third, and fourth and annual quarters of the fiscal year 2024 and the first quarter of 2025, for a fee of 400,000 Saudi riyals, excluding tax |
Comments