| Material information |
- The Ordinary AGM has approved all the items on the AGM agenda for the fiscal year ending December 31, 2024, part of which is mentioned in the following items. Additionally, some items have not been approved by some shareholders while others refrained from voting. This will be clarified when we disclose the minutes of the meeting of the AGM received by the Ministry of Commerce and Industry.
- AGM approved the recommendation of the Board of Directors to distribute dividends for the year ending on 31/12/2024 to the company's shareholders, to be distributed as free bonus shares from treasury shares at a rate of 2.5% to the shareholders registered in the company’s records as of the record date, each according to the number of shares they hold, without resulting in an increase in the company's capital or in the number of issued shares. These shares will be entitled to the shareholders registered in the company’s records at the end of the record date, which is Tuesday, 22/04/2025, and will be distributed on 30/04/2025, with authorization granted to the Board of Directors to amend the schedule for the entitlement of shares and take appropriate action regarding fractional shares, noting that shareholders representing 2.38 % of the total attendance shares, refrained from voting on this item.
- AGM approved the reappointment of Mr. Nayef Musaed Bazie Al-Yasin - Al-Bazie and Co. as the company’s Auditor for the fiscal year ending on 31/12/2025 and authorized the Board of Directors to determine their fees, noting that shareholders representing 2.38 % of the total attendance shares, refrained from voting on this item.
- The Ordinary AGM has elected the board of directors for the upcoming three years as follows:
- Mr. Rashid Yaqoub Al-Nafisi (Non- Executive) with total votes of 220,268,773 Share.
- Mr. Mohammad Khaled Othman Al-Othman (Independent) with total votes of 184,259,180 Share.
- Mr. Abdulhamid Mohammad Dib Mahrez (Independent) with total votes of 183,839,180 Share.
- Al-Mezzan Combined For General Trading W.L.L represented by Mr. Fahad Abdulmohsen Fahad Al- Nafisi (Non-Executive) with total votes of 122,177,066 Share.
- Al-Yamar Real Estate Company W.L.L represented by Mr. Mohammad Mahmoud Yousef Al-Fulaij (Non-Executive) Votes 122,177,066 Share.
- Mr. Ziyad Rashid Yaqoub Al- Nafisi. (Non-Executive) (1st Reserve member) with total votes of 98,091,707 Share.
- United Circle General Contracting and Building Company O.P.C represented by Mr. Ali Abdulrahman Ahmed Al-Shaya (Non-Executive) (2nd Reserve member) with total votes of 98,011,707 Share.
- Dr. Omar Naser Abdullah Al-Hussainan (Independent) (3rd Reserve member) with total votes of 590,000 Share
- Mr. Nawaf Hamad Jadyiah Al-Dousari (Non-Executive) (4th Reserve member) with total votes of 90,000 Share.
Noting that shareholders representing 2.38 % of the total attendance shares, refrained from voting on this item. |