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Al Abdullatif Industrial Investment Co. Announces the Results of the Extraordinary General Assembly Meeting, ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The management of the Abdul Latif Industrial Investment Company may announce the results of the extraordinary general assembly meeting after the quorum for holding the meeting has been completed, which reached 69.48%. |
| City and Location of the General Assembly's Meeting | Riyadh City - second industrial city, and the meeting was conducted remotely only |
| Date of the General Assembly's Meeting | 2023-12-28 Corresponding to 1445-06-15 |
| Time of the General Assembly's Meeting | 20:00 |
| Percentage of Attending Shareholders | 69.48 % |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | 1- Mr. Suleiman bin Omar Al-Abdullatif (Chairman of the Board of Directors - Member of the Remuneration and Nominations Committee) 2- Mr. Majid bin Abdulrahman Al-Osailan (Vice-Chairman of the Board of Directors - Head of the Audit Committee ) 3- Mr. Abdullatif bin Omar Al-Abdullatif (Managing Director - Chief Executive Officer - Member of the Executive Committee) 4- Eng. Sameer bin Mahmood Haddad (Member of the Board of Directors -Head of the Executive Committee - Member of the Remuneration and Nominations Committee) 5- Mr. Hisham bin Abdulrahman Al-Askar (Member of the Board of Directors - Head of the Remuneration and Nominations Committee - Head of the Risk Management Committee) 6- Mr. Fahd bin Omar Al-Abdullatif (Member of the Board of Directors -Executive Vice Chairman - Member of the Executive Committee) 7- Mr. Mohammad bin Hamdan Sorayai Al- Sorayai (Member of the Board of Directors - Member of the Risk Management Committee- Member 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- Mr. Majid bin Abdul Rahman Al-Osailan (Head of the Audit Committee) 2- Mr. Hisham bin Abdulrahman Al-Askar (Chairman of the Remuneration and Nominations Committee) 3- Mr. Hisham bin Abdulrahman Al-Askar (Head of the Risk Management Committee) 4- Mr. Sameer bin Mahmood Haddad (Chairman of the Executive Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1 It was approved to amend the company’s bylaws in accordance with the new companies’ bylaws and to rearrange and number its articles. 2- It was approved to transfer the balance of the statutory reserve amounting to (241,428,309) Saudi riyals as in the financial statements for the year ending on 12/31/2022 AD into retained earnings. |
| Additional Information | None |
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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Net Change 0.01 (+0.08%)
Value Traded (Sar) 737,504.63
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