Addendum Announcement from Alwasail Industrial Co. in regards to the re-publication of the Board of Directors’ report for the year 2024 AD
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement of Alwasail Industrial Company on 03/24/2025 regarding the publication of the Board of Directors’ Report, the company announces the re-publication of the Board of Directors’ Report for the year 2024 AD, including all the information required under the relevant executive regulations. The attached report was prepared in accordance with the requirements of the Corporate Governance Regulations issued by the Capital Market Authority to meet the requirements for the transition to the main market. |
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2025-03-24 Corresponding to 1446-09-24 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | 1- Disclosure of the remuneration policy and how remuneration for Board members is determined. Page (72).
2- Amending the remuneration schedule for Board members to align with the schedule approved in the Corporate Governance Regulations. Page (74). 3- Clarifying the relationship between the remuneration granted and the applicable remuneration policy and indicating any material deviation from this policy. Page (74). 4- Amending the remuneration schedule for Audit Committee members in detail for each member. Page (78). 5- Amending the remuneration schedule for Remuneration and Nomination Committee members in detail for each member. Page (80). 6- Amending the remuneration schedule for Investment Committee members in detail for each member. Page (83). 7- Amending the remuneration schedule for senior executives in detail for each member. Page (90). 8- Amending the related party transactions schedule. Page (90). |
| Financial Impact on the change | None |
| Attached Documents |  |
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