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Watani Iron Steel Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | Watani Iron Steel Company announces the results of the Ordinary General Assembly meeting (first meeting) via modern technology, which was held At exactly eight o'clock on Sunday 19/10/1445 corresponding to 28/04/2024 AD |
| City and Location of the General Assembly's Meeting | Company headquarters - Riyadh - Old Kharj Road - Hit District (via modern technical means) |
| Date of the General Assembly's Meeting | 2024-04-28 Corresponding to 1445-10-19 |
| Time of the General Assembly’s Meeting | 20:00 |
| Percentage of Attending Shareholders | 61.76 |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | Mishal Abdul Karim Mohammed Al Rajhi (Chairman of the Board of Directors) Yousef Mohammed Abdul Rahman Al-Turaif (Managing Board Member and CEO) Omar Mohammed Abdul Rahman Al-Turaif (Deputy Chairman of the Board of Directors) Mishari Abdul Karim Mohammed Al Rajhi (Member of the Board of Directors) Yasser Zoman Saad Al-Zoman (Member of the Board of Directors) Muhammad Abdul Rahman Omar Al-Wasidi (Member of the Board of Directors) |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | Yasser Zouman Saad Al-Zouman (Chairman of the Audit Committee) Muhammad Abdul Rahman Omar Al-Wasidi (Chairman of the Nominations and Remuneration Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | Approval of the Board of Directors' report for the fiscal year 2023 AD.
Approval of the company's auditor's report for the fiscal year ending on December 31, 2023
Approval of the financial statements for the fiscal year ending on December 31, 2023 AD
Approval of the discharge of the Board of Directors from liability for the fiscal year ending on December 31, 2022 Allowing the Chairman of the Board of Directors, Mr. Meshal Abdul Karim Mohammed Al Rajhi, to engage in an activity competitive with the company’s business Allowing a member of the Board of Directors, Mr. Mashari Abdul Karim Muhammad Al Rajhi, to engage in an activity competitive with the company’s business Approval of the Board of Directors’ decision to appoint Mr. Omar Muhammad Abdul Rahman Al-Turaif as a non-executive member of the Board of Directors, starting from the date of his appointment 02/25/2024 to complete the Council’s session until the end date of the current session on 07/01/2026 AD, succeeding the previous member, Mr. Abdul Karim Muhammad Al-Rajhi" |
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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