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Marble Design Factory Company announces the results of the Extraordinary General Assembly Meeting (first meeting)
| Element List | Explanation |
|---|---|
| Introduction | Marble Design Factory Company announces to its shareholders the results of the Extraordinary General Assembly Meeting (first meeting), which was held at 20:00 pm on Thursday 16/10/1445 AH corresponding to 25/04/2024 AD at the company’s main headquarters located in the city of Riyadh. By means of modern technology (remotely) - using Tadawulaty services; This is after the legal quorum is reached for the assembly to be held |
| City and Location of the General Assembly's Meeting | At the company’s main headquarters in Riyadh - via modern technology (remotely) - using Tadawulaty services |
| Date of the General Assembly's Meeting | 2024-04-25 Corresponding to 1445-10-16 |
| Time of the General Assembly’s Meeting | 20:00 |
| Percentage of Attending Shareholders | 83.38% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The meeting was attended by the following members of the Board of Directors:
Mr. Ahmed bin Abdullah AlKharashi (Chairman of the Board of Directors) Mr. Mohammed bin Abdulrahman AlRomaizan (Vice Chairman of the Board of Directors) Mr. Fahad bin Abdulmohsen AlMulhim Eng. Abdullah bin Fahad AlFaris Dr. Nawaf bin Mohammad AlKharashi |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | Attendees from committees: Mr. Abdullah bin Ibrahim AlAngari (Chairman of the Audit Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1- Approval of the company’s auditor’s report for the financial year ending on December 31, 2023 AD after discussing it. 2. The Board of Directors’ report for the financial year ending on December 31, 2023 was reviewed and discussed. 3. The company's financial statements for the fiscal year ending on December 31, 2023 were reviewed and discussed. 4- Approval to release the members of the Board of Directors from their liabilities for the year ending December 31, 2023 AD. 5-Approval of the appointment of the external auditor for the company, Messrs. Al Kharashi & Co. Certified accountants and auditors from among the candidates based on the recommendation of the Audit Committee; This is to examine, review and audit the financial statements for the first half of the fiscal year 2024 and the annual of the fiscal year 2024 and determined his fees in the amount of (280,000) two hundred eighty thousand Saudi Riyals only. 6- Approval of authorizing the Board of Directors to distribute interim dividends to shareholders on a semi-/quarterly basis for the fiscal year 2024 AD. 7- Approval of the Board of Directors’ recommendation to distribute cash dividends in the amount of (10,200,000) ten million two hundred thousand riyals to shareholders for the fiscal year (31/12/2023 AD) at a rate of (1.7) riyals and seventy halalas for each share, at a rate of (17%) of the capital. Eligibility shall be for shareholders who own shares at the end of trading on the day of the Extraordinary General Assembly and who are registered in the company’s shareholder registry with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the entitlement date, the date of dividend distribution will be announced later. 8- Approval to transfer the general reserve balance of 3,500,000 Saudi Riyals as in the financial statements for the year ending 31/12/2023 to the retained earnings balance. |
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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