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Leejam Sports Company (Fitness Time) Announces the Results of The Ordinary General Assembly Meeting (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Leejam Sports Company (Fitness Time) is pleased to announce to its esteemed Shareholders the results of the Ordinary General Assembly meeting (First Meeting). |
| City and Location of the General Assembly's Meeting | Riyadh at Leejam Head Office - remotely through modern technology |
| Date of the General Assembly's Meeting | 2023-05-04 Corresponding to 1444-10-14 |
| Time of the General Assembly's Meeting | 18:30 |
| Percentage of Attending Shareholders | 69.5% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The meeting was attended by all members of the board of directors, and they are: 1. Mr. Ali Hamad Al-Sagri, Chairman of the Board 2. Mr. Hamad bin Ali Al-Sagri, Vice Chairman of the Board 3. Dr. Mohammed bin Faraj Al-Kinani 4. Mr. Tareq bin Khalid Al-Angari 5. Ms. Hessah bint Hamad Al-Sagri 6. Mr. Hisham bin Hussein Al-Khaldi 7. Mr. Mishal bin Ibrahim Al-Mishari |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1. Mr. Ali Hamad Al-Sagri (Chairman of the Executive Committee) 2. Dr. Mohammed bin Faraj Al-Kinani (Chairman of the Audit Committee) 3. Mr. Mishal bin Ibrahim Al-Mishari (Chairman of the Nomination & Renumeration Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. The Board of Directors’ Report for the fiscal year ending on 31st December 2022 was reviewed and discussed. 2. The Financial Statements for the fiscal year ending on 31st December 2022 was reviewed and discussed. 3. Approval of the Auditor’s Report on the Company’s accounts for the fiscal year ending on 31st December 2022. 4. Approval on releasing the Board of Directors members from liability for the fiscal year ending on 31st December 2022. 5. Approval on paying an amount of SAR 2,965,000 as remunerations to the Board Members for the fiscal year ending on 31st December 2022. 6. Approval on appointing Ernst & Young to be the auditor for the company from among the candidates based on the Audit Committee’s recommendation. The appointed auditor shall examine, review and audit the second and third quarters and annual Financial Statements of the fiscal year 2023, and the first quarter of the fiscal year 2024, and the determination of the Auditor fees. 7. Approval on delegating the Board of Directors to distribute interim dividends on a biannually or quarterly basis for the fiscal year 2023. 8. Approval on delegating to the Board of Directors the authorization powers of the General Assembly stipulated in paragraph (1) of Article (27) of the Companies Law, for a period of one year starting from the date of the approval by the General Assembly or until the end of the delegated Board of Directors’ term, whichever is earlier, in accordance with the implementation rules of Companies Law for listed Joint Stock Companies. |
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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Last Price 127.6
Net Change 3.0 (+2.41%)
Value Traded (Sar) 4,106,611.4
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