IssuerAnnouncementDetailsV2Portlet
Power and Water Utility Company for Jubail and Yanbu Announces the Results of the Extraordinary General Assembly Meeting, ( First Meeting )
Element List | Explanation |
---|---|
City and Location of the General Assembly's Meeting | Company’s headquarters in Jubail Industrial City via modern technology means (through Tadawulaty system) |
Date of the General Assembly's Meeting | 2023-10-23 Corresponding to 1445-04-08 |
Time of the General Assembly's Meeting | 18:30 |
Percentage of Attending Shareholders | 78.43 |
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 The following Board member apologize to attend the meeting:‎ 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 Committees chairmens attended the meeting: 1. Eng. Ahmed Mohammed Al-Jabr (Chairman of Executive & Risk Committee) 2. Mr. Musaad Ahmed Al-Sayouhi (Chairman of Audit Committee) 3. Mr. Soliman Abdulaziz Al-Hosain (Chairman of Remuneration and Nominations Committee) |
Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. Approval of the amendments of the Company’s Bylaws in accordance with the new Companies Law, and re-arranging a numbering of the articles of the bylaws in alignment with the proposed amendments. 2. Approval of amending the company corporate governance charter. 3 Approval of amending the audit committee charter. 4. Approval of amending the Remuneration and Nominations Committee's charter. 5. Approval of amending the policy, criteria and procedures for membership in the Board of Directors. 6. Approval of amending the policy for remuneration of members of the Board of Directors, Board Committees and Executive Management. 7. Approval of amending the dividends policy. 8. Approval of the appointment of Ernst & Young (EY) as the external auditor from among the candidates based on the recommendation of the Audit Committee to examine, review and audit the quarterly and annual financial statements from the fiscal year 2024 AD until the first quarter of the fiscal year 2027 AD and determine his fees. |
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