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Saudi Parts Center Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Saudi Automated Center for Spare Parts Company is pleased to announce to the shareholders the results of the Ordinary General Assembly Meeting (First Meeting) at (08:15) pm on Thursday 04/12/1444 AH corresponding to 22/06/ 2023 AD through modern technology, after the quorum for the validity of the assembly is completed. |
| City and Location of the General Assembly's Meeting | The company's headquarters are in Riyadh - Olaya District - King Fahd Street - Riyadh, through modern technology. |
| Date of the General Assembly's Meeting | 2023-06-22 Corresponding to 1444-12-04 |
| Time of the General Assembly's Meeting | 20:15 |
| Percentage of Attending Shareholders | %76:23 |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | 1. Mr. Abdullah Ibrahim Alkhorayef (Chairman and Chairman of the Association) 2. Mr. Abdullah bin Hamad bin Abdulaziz Alkhorayef 3. Mr. Fahad bin Mohammed bin Abdulaziz Alkhorayef 4. Mr. Sultan bin Hazaa bin Al-Asimi 5. Mr. Mohammed bin Rashid Abalkhail |
| 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. Yousef Al-Awam (Member of the Audit Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. The Board of Directors' report for the fiscal year ending on 31/12/2022 was reviewed and discussed. 2. The financial statements for the fiscal year ending on 31/12/2022 were reviewed and discussed. 3. Approval of the Board of Directors' decision to appoint (Fahad bin Mohammed bin Abdulaziz Al-Khorayef) as an (executive) member of the Board of Directors starting from the date of his appointment on 06/11/2022, to complete the term of the Board until the date of the end of the current session, succeeding the previous member (Mohammed bin Abdullah Al-Khorayef - Non-Executive). 4. Approval of the auditor's report for the fiscal year ending on 31/12/2022 after discussing it. 5. Approval of the disbursement of SAR (242,000) remuneration to the members of the Board of Directors for the fiscal year ending on 31/12/2022. 6. Approval of the discharge of the members of the Board of Directors from liability for the fiscal year ending on 31/12/2022. 7. Approval of the appointment of (KPMG) as the Company's auditor from among the candidates based on the recommendation of the Audit Committee, to examine, review and audit the annual and semi-annual financial statements of the fiscal year 2023. 8. Approval of delegating the Board of Directors the authority of the Ordinary General Assembly with the license mentioned in paragraph (1) of Article Twenty-Seven of the Companies Law, for a period of one year from the date of approval of the General Assembly or until the end of the session of the authorized Board of Directors, whichever is earlier, in accordance with the conditions set forth in the Executive Bylaws of the Companies Law for Listed Joint Stock Companies. 9. Approval of authorizing the Board of Directors to distribute interim dividends semi-annually for the fiscal year 2023. |
| Additional Information | For any inquire please contact Investor Relations at: Phone No: 0118212553, extension (2553) Email: aaltayyar@spc-parts.com |
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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