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Al-Omran Industrial Trading Co. Announces the Results of the Ordinary General Assembly Meeting, (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | Al-Omran Industrial Trading Co. is pleased to announce to its esteemed shareholders the results of the Ordinary General Assembly meeting (the first meeting) through modern technology on 26/11/1444 AH corresponding to 15/06/2023 AD |
| City and Location of the General Assembly's Meeting | The company's headquarters - King Abdul Aziz Road - in front of Kingdom Schools - Riyadh by means of modern technology. |
| Date of the General Assembly's Meeting | 2023-06-15 Corresponding to 1444-11-26 |
| Time of the General Assembly's Meeting | 19:30 |
| Percentage of Attending Shareholders | 38.94% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The meeting was attended by: 1- Muhammad Omran Al-Omran (Chairman of the Board of Directors). 2- Nasser Mohammed Nasser bin Omran (Member of the Board of Directors - Deputy Chairman of the Board ). 3- Abdul Rahman Mohammed Nasser bin Omran (Member of the Board of Directors - Managing Director). 4- Abdullah Abdulaziz Al-Ghadeer (Member of the Board of Directors) 5- Fahd Saad Al-Huwaimel (Member of the Board of Directors - Head of the Nominations and Remunerations Committee and Head of the Audit Committee). |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1- Fahad Saad Al-Huwaimel ( Head of the Nominations and Remunerations Committee -Head of the Audit Committee). |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1- The report of the Board of Directors for the year ending on 31/12/2023 was reviewed and discussed. 2- The consolidated financial statements of the company for the fiscal year ending on 31/12/2023 were reviewed and discussed. 3- Approval of the auditor's report for the year ending on 31/12/2023. 4- Approving the appointment of an auditor for the company (Al-Kharashi & Partners - Mazars) from among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the financial statements for the (second and third) and annual quarters of the fiscal year 2023 AD, and the first quarter of the fiscal year 2024 AD, and determine his fees. 5- Approving the disbursement of an amount of 300,000 riyals as a reward for the members of the Board of Directors for the fiscal year ending on 31/12/2023. 6- Approving the business and contracts concluded between the company and Abaad Real Estate Investment Company, in which the members of the Board of Directors, Mr. Muhammad Omran Al-Omran, Mr. Nasser Muhammad Bin Omran, and Professor: Abdul Rahman Muhammad Bin Omran have an indirect interest in them, which is a (financing) where the transactions were in 2022 AD has reached (1,250,000 riyals) without preferential conditions. 7- Approving the business and contracts concluded between the company and Abaad Real Estate Investment Company, in which the members of the Board of Directors, Mr. Muhammad Omran Al-Omran, Mr. Nasser Muhammad Bin Omran, and Professor: Abdul Rahman Muhammad Bin Omran have an indirect interest in them, which are (rents for housing for the company’s employees and warehouses) As the transactions in 2022 AD amounted to (1,090,050 riyals) without preferential conditions. 8- Approval of the business and contracts concluded between the company and Abaad Real Estate Investment Company, in which the members of the Board of Directors, Mr. Muhammad Omran Al-Omran, Mr. Nasser Muhammad Bin Omran, and Professor: Abdul Rahman Muhammad Bin Omran have an indirect interest in them, which are (acting expenses) where the transactions were In 2022, it amounted to (111,784 riyals) without preferential conditions. 9- Approval of the business and contracts concluded between the company and Abaad Real Estate Investment Company, in which the members of the Board of Directors, Mr. Muhammad Omran Al-Omran, Mr. Nasser Muhammad Bin Omran, and Professor: Abdul Rahman Muhammad Bin Omran have an indirect interest in them, which is about (financing), as the transactions were in 2019 AD It amounted to a total of (3,713,815 riyals), which was approved in the Ordinary General Assembly on 11/6/2020 AD, with a total of (3,700,000 riyals) without preferential conditions. 10- Approval of the business and contracts concluded between the company and Abaad Real Estate Investment Company, in which the members of the Board of Directors, Mr. Muhammad Omran Al-Omran, Mr. Nasser Muhammad bin Omran, and Professor: Abdul Rahman Muhammad bin Omran, have an indirect interest in them, which is about (financing), as the transactions were in 2020 AD It amounted to a total of (3,185,214 riyals), which was approved in the Ordinary General Assembly on 15/6/2021 AD, with a total of (2,099,785 riyals) without preferential conditions. 11- Approving the release of the members of the Board of Directors from liability for the fiscal year ending on 31/12/2023 AD. |
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 26.32
Net Change 0.22 (+0.84%)
Value Traded (Sar) 538,117.54
Volume Traded 20,509
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