Saudi Fisheries Co. Announces the Results of the Extraordinary General Assembly Meeting, ( Second Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The Saudi Fisheries Company announces the results of the Extraordinary
General Assembly meeting (Second meeting) |
| City and Location of the General Assembly's Meeting | Riyadh - the main building of the company - by utilizing the modern technology |
| Date of the General Assembly's Meeting | 2024-06-30 Corresponding to 1445-12-24 |
| Time of the General Assembly’s Meeting | 20:20 |
| Percentage of Attending Shareholders | 43.16% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The meeting was attended by members of the Board of Directors, each of:
1. Mr. Abdul Rahman bin Saud Alowais 2. Mr. Mansour bin Abdulaziz Alsoghair 3. Eng. Abdul Majeed bin Abdul Mohsen Al Alshikh 4. Eng. Saeed Abdullah Almoeather 5. Mr. Ahmed Rashid Alballaa 6. Mr. Abdulelah Mohammed Alwabel |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | The meeting was attended by the heads of the committees:
1- Mr. Abdul Rahman bin Saud Alowais (Chairman of the Executive Committee) 2- Eng. Abdul Majeed bin Abdul Mohsen Al Al Sheikh (Chairman of the Nominations and Remuneration Committee) 3- Dr. Suliman Abdulaziz Altuwaijri (Chairman of the Audit Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. Has been reviewed and discussed the report of the Board of Directors for the fiscal year ending 31 December 2023.
2. Has been reviewed and discussed the consolidated financial statements for the fiscal year ending 31 December 2023. 3. Approval on the company’s auditor’s report for the financial year ending on 31/12/2023 after discussing it. 4. Approval on the discharge of the Board of Directors members for the fiscal year ending 31 December 2023. 5. Approval on the recommendation of the Audit Committee, on the appointment of the auditor Ebrahim Ahmed Albassam and his partners from among nominees, to audit the quarterly (Q2, Q3 and Q4) and annual financial statements for the year 2024, in addition to Q1 2025 financial statements and determine their fees to be SAR (750,000) Excludes VAT. 6. Non approval on the payment of SAR (893,716) as a remuneration to Board of Directors members for the fiscal year ending 31 December 2023. 7. Approval on the Participation of a BoD’s Member, Mr. Ahmed Alballaa, as a Competitor on behalf of the Company's Business. 8. Approval on the related party transactions concluded between the company and the National Aquaculture Group (NAQUA), in which board member Ahmed Al-Balaa has an indirect interest. It involves trade in aquaculture products in exchange for mortgaging feed mill equipment under construction for two years (with an amount of SAR 100,000,000). The transaction value for the year 2023 amounted to SAR 26,586,293, and there are no preferential terms in the contract. 9. Approval on changing the use of capital proceeds for the year 2020 |
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