|Introduction||Al-Hassan Ghazi Ibrahim Shaker Company is pleased to announce the results of the Extraordinary General Assembly meeting (Second meeting) which was held through modern technology at 9:30 PM on Monday 12/10/1442 corresponding to 24/05/2021, an hour after the first meeting due to non-achieving the legal quorum in the first meeting.,|
|City and Location of the General Assembly’s Meeting||The Extraordinary General Assembly meeting was held through modern technology|
|Date of the General Assembly’s Meeting||12/10/1442 Corresponding to 24/05/2021|
|Time of the General Assembly’s Meeting||21:30|
|Percentage of Attending Shareholders||37.60 %|
|Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees||Following Board members attend the meeting :
1- Mr. Abdulelah Abdullah Abunayyan (Chairman)
2- Mr. Musaab Sulaiman Al-Muhaidib (Vice Chairman) 3- Mr. Faris Ibrahem Alhumaid
4- Mr. Eid Faleh Alshamri
5- Eng. Azzam Soud Almudaiheem
7- Mr. Musaed Abdullah AlQasim The following Board members apologize from attend the meeting: 1- AbdulRaouf Walid Albitar
|Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their Behalf||Following the name of the Chairman of the Committees attend the Meeting:
1- Mr. Turki Alluhaid (Chairman of Audit Committee)
2- Mr. Faris Ibrahem Alhumaid (Chairman of Remuneration and Nomination Committee)
|Voting Results on the Items of the General Assembly’s Meeting Agenda’s||1- Approval of the Board of Directors’ Annual Report for the fiscal year ending on 31st December 2020.
2- Approval of the external auditor report for the year ending on 31st December 2020.
3- Approval of the financial statements of the Company for the year ending on 31st December 2020.
4- Approval of the appointment of PWC as an external auditor in accordance with the recommendation of the Audit Committee for the financial audit and review of the Company’s financial statements for the second, third, and 2021 year end, and the first quarter of 2022 and determining their fees.
5- Approval of releasing SAR 1,654,339 as a remuneration of the Board of Directors’ members for the year ended on 31/12/2020.
6- Approval of the discharge of the Board of Directors from the liability for their activities for the year ended on 31/12/2020.
7- Approval to amend Article No. (17) of the Company’s Articles of Association, related to Company’s Management.
8- Approval to amend Article No. (22) of the Company’s Articles of Association, related to The Authorities of the Chairman of the board of directors, Vice Chairman and the Secretary of the board.
9- Approval of the Board of Directors resolution to appoint Eng. Azzam Saud Almudaiheem as a Non-Executive member of the Board of Directors, starting from the date of his appointment in 1st October 2020, to succeed Mr. Francesco Maria an independent member.
10- Approval of the Board of Directors resolution to appoint Mr. Musaed Abdullah AlQasim as an Independent member of the Board of Directors, starting from the date of his appointment in 1st October 2020, to succeed Mr. Enrique Martinez an independent member.