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Fesh Fash Snack Food Production Co. Announces the results of the Ordinary General Assembly Meeting (first meeting)

9515
FESH FASH
-1.44 %
1445/11/18     26/05/2024 09:16:10

Element ListExplanation
Introduction Fesh Fash Snack Food Production Co. Announces the results of the Ordinary General Assembly meeting (first meeting), which was held on Thursday evening on 23/05/2024 AD, corresponding to 15/11/1445 AH, at exactly six thirty in the evening.
City and Location of the General Assembly's Meeting At the company's headquarters in Riyadh, using modern technology
Date of the General Assembly's Meeting 2024-05-23 Corresponding to 1445-11-15
Time of the General Assembly’s Meeting 18:30
Percentage of Attending Shareholders 59.30196%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees Saud Mustafa Ibrahim AlNajidi chairman attended

Faisal Hamad Abood Alhumaid, deputy chairman attended

Najeeb Hamad ALHumaid Managing Director attended

Ibrahim Adel Ibrahim AlNajidi Member attended

Walid Ibrahim Suleiman AlMahous Member not attended

Suleiman Walid Ibrahim AlMahous Member attended

Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf Mr. Faisal Hamad Aboud Al-Humid, Chairman of the Audit Committee

Engineer Ibrahim Adel Al-Najidi, Chairman of the Remuneration Committee

Voting Results on the Items of the General Assembly's Meeting Agenda's 1- Approval on the company’s auditor’s report for the financial year ending on 31/12/2023 AD after discussing it.

2- Approval on the Board of Directors’ recommendation to distribute cash dividends in the amount of (2,034,000) riyals to shareholders for the financial period 31/12/2023 AD, at the rate of 18 halalas for each share, provided that the eligibility is for shareholders who own shares at the end of trading on the day of the General Assembly and who are registered in the company’s shareholder register with the company. Securities Depository Center (Depository Center) At the end of the second trading day following the maturity date, the dividend distribution date will be announced later.

3- Approval on discharge the members of the Board of Directors for the fiscal year ended 31/12 / 2023.

4- Approval on disbursing an amount of (468,000) riyals as a reward to members of the Board of Directors for the fiscal year ending on 31/12/2023 AD.

5- Reviewing the Board of Directors’ report for the financial year ending 31/12/2023 AD and discussing it.

6- Approval on the works and contracts concluded between the company and Tarmeem Team Est. for General Contracting, in which the member of the Board of Directors Eng. Najeeb Hamad ALHumaid has an indirect interest, the project is the first and second phase of the factory expansion with ninety days implementation period without any preferential conditions for the amount of (2,641,365) Rial.

7- Approval of the financial statements for the fiscal year ending 31/12/2023 after Reviewed and discussed

8- Approval of the appointing the company’s auditor Messrs ALAYOUTI from the candidates based on the recommendation of the Audit Committee in order to examine, review and audit the semi-annual and annual financial statements for the fiscal year 31/12/2024 AD, 31/12/2025 AD, and 31/12/2026 AD, according to the submitted propasal.

Attached Documents        

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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Key Parameters
Last Price 13.7
Net Change -0.2 (-1.44%)
Value Traded (Sar) 90,231.8
Volume Traded 6,582
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