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Mayar Company. Announces the Results of the Extraordinary General Assembly Meeting, (First Meeting) through modern technology
| Element List | Explanation |
|---|---|
| Introduction | Mayar Co. is pleased to announce to its esteemed shareholders the results of the Extraordinary General Assembly meeting (the first meeting) through modern technology on 03/07/2024 G corresponding to 27/12/1445 AH |
| City and Location of the General Assembly's Meeting | Main office in Riyadh by means of modern technology. |
| Date of the General Assembly's Meeting | 2024-07-03 Corresponding to 1445-12-27 |
| Time of the General Assembly’s Meeting | 18:30 |
| Percentage of Attending Shareholders | 84.77% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | 1-Eng. Thamer Abdullah M AlRayes.(Chairman) 2-Eng. Mohammad Abdullah M Al Rayes.(Vice Chairman) 3-Eng. AbdulMajeed Abdulmohsen Alshaikh (Member &CEO) 4-Eng Mohammed Abdulmohsen Alshaikh (Member) 5-Eng. Tarek Abdullah H. Al Rrumaim (Member) 6-Mr. Abdullah bin Abdulaziz Al-Suwailem (Member ) No absence |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1-Eng Mohammed Abdulmohsen Alshaikh (Chairman of the Nomination and Remuneration Committee) 2-Eng. Thamer Abdullah M Al Rayes. (Chairman of Investment Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | Approved of the Board of Directors’ recommendation to issue financial instruments convertible into shares denominated in Saudi riyals, with a nominal value of five hundred million (500,000,000) Saudi riyals, through a program to issue these instruments lasting (24) months in a series of separate issues to be publicly offered in the market. Finance in the Kingdom of Saudi Arabia, after obtaining all the necessary approvals and licenses for this, and agreeing that the maximum number of new shares is (1,000,000,000) with a nominal value of (0.50) halalas, and authorizing the Board of Directors to determine the return of the sukuk that will be issued, and determine the price Converting the bonds into new shares to be issued, and specifying any other conditions related to the conversion procedures or duration. |
| Additional Information | N/A |
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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