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Batic Investments and Logistics Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )
| Element List | Explanation |
|---|---|
| City and Location of the General Assembly's Meeting | The company's headquarters, Olaya District, al'arz Street, Riyadh (using Tadawulaty system) |
| Date of the General Assembly's Meeting | 2023-04-03 Corresponding to 1444-09-12 |
| Time of the General Assembly's Meeting | 22:00 |
| Percentage of Attending Shareholders | 59.9% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following Board members attend the meeting: 1. Mr.Fahad Mubarak Al Guthami - Vice Chairman. 2. Eng.Mohammed Saud Al-Zamil - Managing Director 3. Dr.Sultan Abdulaziz Al Mubarak 4. Mr. Taha M. Azhari 5. Mr.Feras K. Albawardi 6. Mr.Fahad Mubarak Al Guthami 7. Mr.Mousa Binakresh 8. Mr.Fahad Mohammed Al Obailan Apologies of not attending the meeting have been received from: Mr. Ahmed Mohammed AL Sanie- Chairman |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | Dr.Sultan Abdulaziz Al Mubarak (Chairman of the Remuneration and Nomination Committee) Mr. Taha M. Azhari (Chairman of the Audit Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1-Approval of the appointment of Ernst & Young ( EY ) as the External Auditor for the Company from among the candidate nominated based on the recommendation of Audit Committee to review and audit financial statements of the second quarter, third quarter and annual of the fiscal year 2023, in addition to first quarter 2024 financial statements, and determining the fees. 2-Approve the election of the Board members from among the candidates for the next term starting from 03/04/2023 and ending on 02/04/2026 for a term of three years. They are as follows: 1)Turki Alrajhi 2)Abdulmohsen Alrajhi 3)Sami Alsaeed 4)Feras AlBawardi 5)Mohammed AlZamil 6)Saud Alrayes 7)Bassel AlSultan 8)Mohammed Alrasheed 3-Approval of Audit Committee formation, defining its duties, working procedure and remuneration of its members for the new cycle starting from the date of the General Assembly meeting on April 03, 2023 until the end of the session on April 02, 2026. They are:: 1)Basel Fahad Al- Sultan 2)Taha Mohammed Azhari 3)Turki Abdullah Al-Hammad |
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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Company Performance
Key Parameters
Last Price 2.28
Net Change 0.15 (+7.04%)
Value Traded (Sar) 38,826,675.09
Volume Traded 17,351,872
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