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United Wire Factories Co. Announces the Results of the Extraordinary General Assembly Meeting (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | United Wire Factories company Board of Directors is pleased to announce the results of the17th Extraordinary General Meeting (first meeting) |
| City and Location of the General Assembly's Meeting | The General Assembly Meeting was held remotely via modern technology |
| Date of the General Assembly's Meeting | 2024-04-29 Corresponding to 1445-10-20 |
| Time of the General Assembly’s Meeting | 20:30 |
| Percentage of Attending Shareholders | 50.44% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | All the following members of the Board of Directors attended: - Mr. Khaled Saad Abdul Rahman Al-Kanhal (Chairman of the Board of Directors - Chairman of the Executive Committee - Member of the Nominations and Remunerations Committee) - Dr. Rashid Rashid Saad bin Awain (Vice Chairman of the Board of Directors - Chairman of the Nominations and Remunerations Committee) - Mr. Khaled Mohammed Abdullah Al-Khowiter (Member of the Board of Directors - Chairman of the Audit Committee) - Mr. Youssef Abdullah Ibrahim Al Mutlaq (Board Member - Audit Committee Member - Executive Committee Member) - Mr. Abdullah Saad Abdullah Al-Dosari (Board Member - Executive Committee Member) - Mr. Turki Muhammad Fuhaid Al-Quraini (Board Member - Member of the Nominations and Remuneration Committee) Mr. Faisal Musaed Abdul Mohsen Al Hokair (Board Member) was unable to attend |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | Mr. Khaled Saad Abdul Rahman Al-Kanhal (Chairman of the Executive Committee) Dr. Rashid Rashid Saad Bin Awain (Chairman of the Nominations and Remunerations Committee) Mr. Khaled Mohammed Abdullah Al-Khowiter (Chairman of the Audit Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1- Reviewing the Board of Directors’ report for the financial year ending on 31/12/2023 AD and discussing it. 2- Approval and discussion of the company’s auditor’s report for the financial year ending on 31/12/2023 AD. 3- Review the financial statements for the fiscal year ending on 31/12/2023 AD and discuss them. 4- Approval of the appointment of Messrs. RSM Office as auditor of the company’s accounts from among the candidates based on the recommendation of the Audit Committee, to examine, review and audit the financial statements for the second quarter, the third quarter, and the annual of the fiscal year 2024 AD, and the first quarter of the fiscal year 2025 AD and determine His fees. 5- Approval to absolve the members of the Bord of Directors from liability for the fiscal year ending on 31/12/2023 AD. 6- Approval to transfer the company’s entire statutory reserve in the amount of (79,951,194) Saudi riyals as in the financial statements ending on 31/12/2023 AD to the retained earnings item. 7- Approval of authorizing the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year 2024. 8- Approval to disburse an amount of (1,250,000) Saudi riyals as a reward to members of the Board of Directors for the fiscal year ending on 31/12/2023 AD. |
| Additional Information | The company confirms that any shareholder can view the minutes of the assembly on the website or at the company’s headquarters once it is completed. For inquiries, you can contact Investor Relations through: • Telephone 0112655556 ext. 1713 • Email IR.1301@unitedwires.com.sa |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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