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Aljouf Mineral Water Bottling Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Aljouf Mineral Water Bottling Co. is pleased to announce the results of the Ordinary General Assembly meeting (the first meeting), held at 18:40 on Monday 18-12-1445 corresponding to 24-06-2024. they are using modern technology. |
| City and Location of the General Assembly's Meeting | The company's headquarters is in the city of Riyadh, through modern technology |
| Date of the General Assembly's Meeting | 2024-06-24 Corresponding to 1445-12-18 |
| Time of the General Assembly’s Meeting | 18:40 |
| Percentage of Attending Shareholders | 47.51% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following members of the Board of Directors attended the meeting: - Mr. Ashry Saad Al-Ashry - Chairman - Dr. Fahad M Alhabdan - Vice-President - Mr. Hisham Abdel Rahman bin Moqrin - Member - Mr. Musa Abdullah Al-Fawzan – Member Mr. Mohamed Hamdan Al-Suraiyea – Member |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | The following chairpersons and members attended the meeting: - Dr. Fahad M Alhabdan - Member of the Audit Committee - Chairman of the Nominations and Remunerations Committee - Mr. Musa Abdullah Al-Fawzan - Member of the Nominations and Remunerations Committee - Mr. Hisham Abdel Rahman bin Moqrin - Chairman of the Audit Committee Mr. Mohammed A Almubarak - Member of the Audit Committee |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. The financial statements for the fiscal year ending 31-12-2023 were reviewed and discussed. 2. The Board of Directors' report for the fiscal year ending 31-12-2023 was reviewed and discussed. 3. Approval to discharge the members of the Board of Directors from liability for the fiscal year ending 31-12-2023. 4. Approval of the company's auditors' report for the fiscal year ending 31-12-2023 after discussing it. 5. Approval of the appointment of Messrs. Al-Kharashi & Partners Mazars, Chartered Accountants, and Auditors, as auditors for the company's accounts from among the candidates based on the recommendation of the Audit Committee, to examine, review, and audit the semi-annual and annual financial statements for the fiscal year 2024 for a fee of 180,000 riyals, excluding tax. 6. Approval of the business and contracts concluded between Aljouf Mineral Water Bottling Co. and Development Works Company Limited (Holding Company), in which the Board Member, Mr. Ashry Saad Al-Ashry, has an indirect interest, which is (financing and payment on behalf of the company), noting that the debit transactions amount to 2,768,805 Saudi riyals, the credit transactions amount to 666,067 Saudi riyals, and the debit balance amount to 6,037,268 Saudi riyals for the year 2023, and there are no preferential conditions. 7. Approval of the business and contracts concluded between Aljouf Mineral Water Bottling Co. and Washah Al-Watan Company, in which the Board Member, Mr. Ashry Saad Al-Ashry, has an indirect interest, which is (financing and payment on behalf of the company), noting that the debit transactions amount to 2,653,383 riyals, the credit transactions amount to 2,579,766 Saudi riyals, and the debit balance amount to 1,025,619 Saudi riyals for the year 2023, and there are no preferential conditions. 8. Approval of the business and contracts concluded between Aljouf Mineral Water Bottling Co. and Kasb Holding Company, in which the Board Member, Mr. Ashry Saad Al-Ashry, has an indirect interest, which is a (previous balance) creditor of 17,425 Saudi riyals for the year 2023, and there are no preferential terms. 9. Approval of the business and contracts concluded between Aljouf Mineral Water Bottling Co. and the Development Works Company, in which the Board Member, Mr. Ashry Saad Al-Ashry, has an indirect interest, which is (financing and payment on behalf of the company), noting that the debit transactions amount to 7,529,180 Saudi riyals, the credit transactions amount to 16,160,498 Saudi riyals, and the credit balance amount to 16,647,937 Saudi riyals for the year 2023, and there are no preferential terms. 10. Approval of the works and contracts concluded between Aljouf Mineral Water Bottling Co. and Al-Rai Environmental Services Company, in which the Board Member, Mr. Ashry Saad Al-Ashry, has an indirect interest, which is (financing and payment on behalf of the company), noting that the debit transactions amount to 2,542,929 Saudi riyals and the credit transactions amount to 4,432,500 Saudi riyals and the credit balance amount to 3,384,680 Saudi riyals for the year 2023, and there are no preferential conditions. |
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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