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Red Sea International Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | Red Sea International announces the results of the Ordinary General Assembly meeting (First Meeting), which was held at 7:00 pm on Tuesday 19/12/1445 corresponding to 25/06/2024 through modern technology after the quorum is complete for the validity of the Ordinary General Assembly meeting (first meeting) |
| City and Location of the General Assembly's Meeting | Through the use of Modern Technology from the Company's Headquarter in Riyadh |
| Date of the General Assembly's Meeting | 2024-06-25 Corresponding to 1445-12-19 |
| Time of the General Assembly’s Meeting | 19:00 |
| Percentage of Attending Shareholders | 73.91% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following Board Members have attended the meeting: 1- H.E. Mr. Amr Abdullah Al Dabbagh (Chairman) 2- Mr. Sami Ahmed Bin Mahfooz (Deputy Chairman) 3- Mr. Mohammed Zahir Al-Munajjed. 4- DR. Lama Abdulaziz Al-Suliaman . 5- Mr. Mohammed Hosni Jazeel . 6- Ms. Lina bint Abdulaziz Al Shaikh 7- Ms. Shahad bint Khaled Nejaim . 8- DR. Hans-Martin Stockmeier. |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | Below is the list of Committees’ Chairmen who attended the meeting: 1- Mr. Mohammed Zaher Al-Munajjed (Chairman of the Audit Committee) 2- DR. Lama Al-Suliaman (Chairman of the Nomination & Compensation Committee) 3- DR Hans-Martin Stockmeier(Chairman of the Sustainability Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. Approval of the Board of Directors report for the Financial Year ended on 31-12-2023. 2. Approval on the Independent Auditor Report for the Financial Year ended 31-12-2023. 3. Approval of the Financial Statements for the Financial Year ending on 31-12-2023. 4. Approval on the appointment of Ernst and Young (EY) as the company's account auditor(s) from among the candidates based on the recommendation of the Audit Committee; to examine, review, and audit the financial statements for the (second, third, and fourth) quarters and the annual period of the fiscal year 2024 and for the first quarter of the fiscal year 2025, and determining their fees. 5. Approval of the payment of SAR 1,780,000 as remuneration to Board Members for the Financial year ended on 31-12-2023. 6. Approval to authorize the Board of Directors with the authority of the Ordinary General Assembly to grant the authorization mentioned in Paragraph (1) of Article 27 of the Companies Law, for a period of one year from the date of the General Assembly's approval or until the end of the term of the authorized Board of Directors, whichever is earlier, in accordance with the terms and conditions set out in the Regulatory issued in implementation of the Companies Law for listed joint-stock companies. |
| Additional Information | Non |
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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