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Power and Water Utility Company for Jubail and Yanbu Announces the Results of the Extraordinary General Assembly meeting (1st meeting)

2083
MARAFIQ
1.85 %
1446/01/19     25/07/2024 08:08:51

Element ListExplanation
City and Location of the General Assembly's Meeting From the Company’s headquarters in Jubail Industrial City via modern technology means (through Tadawulaty system)
Date of the General Assembly's Meeting 2024-07-24 Corresponding to 1446-01-18
Time of the General Assembly’s Meeting 19:30
Percentage of Attending Shareholders 82.13
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees The following Board members attended the meeting:

1. H.E Eng. Khalid Mohammed Al-Salem (Chairman)

2. Eng. Ahmed Mohammed Al-Jabr (Vice Chairman)

3. Mr. Musaad Ahmed Al-Sayouhi

4. Mr. Soliman Abdulaziz Al-Hosain

5. Mr. Amr Abdulaziz Al-Jallal

6. Eng. Suliman Khalid Al-Mazroua

7. Mr. Badr Abdullah Al-Ghariry

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 Chairman of the Committees attended the meeting:

1. H.E Eng. Khalid Mohammed Al-Salem (Chairman of Investment Committee)

2. Eng. Ahmed Mohammed Al-Jabr (Chairman of Executive & Risk Committee)

3. Mr. Musaad Ahmed Al-Sayouhi (Chairman of Audit Committee)

4. Mr. Soliman Abdulaziz Al-Hosain (Chairman of Nomination and Remuneration Committee)

Voting Results on the Items of the General Assembly's Meeting Agenda's 1. Approve amending Article Thirteen of the Company’s bylaws related to Premium Shares.

2. Approve amending Article Thirty-Nine of the Company’s bylaws related to the Conditions of Appointment Auditor

3. Approve amending Article Forty-Four of the Company’s bylaws related to Distribution of Dividends

4. Approve amending Article Forty-Six of the Company’s bylaws related to Use of the Statutory Reserve

5. Approve amending the Dividends Policy.

6. Approve the Transfer of the statutory reserve balance available in the financial statement of SAR 342,001,587.32 for the year ended on 31 December 2023 to the balance of retained earnings.

7. Approve the ratifying the resolution of the Board of Directors regarding the dividends distributed for the second half of 2023, of SAR 275,000,000 at SAR 1.1 per share, which represents 11% of the par value.

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 49.65
Net Change 0.9 (+1.85%)
Value Traded (Sar) 37,777,651.55
Volume Traded 765,075
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