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Addendum Announcement from Naqi Water Co. in regards to the results of the Ordinary General Meeting (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | In reference to the Company's announcement regarding to the result of the Ordinary General Assembly (First Meeting) held on 16-05-2024 Corresponding to 08-11-1445 |
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2024-05-19 Corresponding to 1445-11-11 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | Add the agreed-upon external auditor fees as follows 6- Appointment of Messrs. Ibrahim Ahmed Al-Bassam & Co – Certified Public Accountants – (a member of PKF International) from among the candidates upon the recommendation of the Audit Committee, was approved in order to review and audit the financial statements of the company for the second and third quarters of the fiscal year 2024 and the first quarter of 2025 and determine its fees Total amount 430,000 SAR excluding VAT. add approval 8- Approval of The recommendation of the Board of Directors to distribute cash dividends to shareholders for the second half of the fiscal year ended 31 December 2023, amounting to SAR (10) million at a rate of SAR (0.50) per share, representing (5%) of the nominal Authorizing the Board of Directors to approve quarterly and semiannual profit dividends for the 2024. Therefore, the total dividends distributed for the fiscal year ended 31 December 2023 to be with an amount of SAR (30) million at a rate of SAR (1.5) per share, representing (15%) of the nominal share value, provided that the entitlement to shareholders who own shares at the end of trading on the day of the general meeting and are registered in the company's shareholders' register at the Securities Depository Center (Depository Center) at the end of trading on the second trading day following the due date, provided that the distribution of profits begins on 06/06/2024. add approval 9- Approval of the Transactions and contracts that will take place between the Company and Middle East Factory for Machines Co. ltd (MEMCO), in which the member of the Board of Directors, Mr. Zaid Nihad Al-Nazer, has an indirect interest, Which represent purchase of production lines, spare parts, supplies, and maintenance services for production lines and maintenance services. The period of dealing starts from 01/01/2024 AD and ends on 31/12/2024 AD. The value of transactions during the year 2023 AD amounted to SAR 3,509,527/-, which are transactions that took place in the course of normal business and in accordance with the prevailing commercial conditions and without any preferential conditions. |
| Financial Impact on the change | No financial impact |
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 51.2
Net Change -0.15 (-0.29%)
Value Traded (Sar) 642,082.95
Volume Traded 12,573
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