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National Metal Manufacturing and Casting Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | National Metal Manufacturing and Casting Company is pleased to announce the results of the 27th Ordinary General Assembly Meeting (First Meeting) |
| City and Location of the General Assembly's Meeting | Via a modern technology |
| Date of the General Assembly's Meeting | 2022-05-23 Corresponding to 1443-10-22 |
| Time of the General Assembly's Meeting | 18:30 |
| Percentage of Attending Shareholders | 39.11% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | All Board Members attended the meeting as follows: Eng. Mutlaq H. Al-Morished. (Chairman) Eng. Shaker N. Alotaibi. (Chairman’s Deputy & Company’s CEO) Eng. Ryan W. Tarabzoni. (Board Member) Mr. Talal A. Alnafie. (Board Member) Mr. Asem A. Alessa. (Board Member) Eng. Omar K. Albelali. (Board Member) |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | Mr. Talal A. Alnafie (Chairman of the Audit Committee) Eng. Ryan W. Tarabzoni (Chairman of the Nomination & Remuneration Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1- Reviewed & discussed the Board of Directors' report for the fiscal year ending on 31/12/2022 2- Approved the auditor report on the Company’s accounts for the fiscal year ending on 31/12/2022 G 3- Reviewed and discussed the financial statements for the fiscal year ending on 31/12/2022 4- Approved the paying an amount of (SAR 1,200,000) as remuneration to the Board members for the fiscal year ending on 31/12/2022 G. 5- Approved the paying an amount of (SAR 150,000) as remuneration to the Audit Committee members for the fiscal year ending on 31/12/2022 G. 6- Approved the absolving liability of the Board of Directors of the fiscal year ended 31/12/2022. 7- Approved the election of the following members of the Board of Directors of the company for the next session, which starts on 25/5/2023 and its duration is three years, ending on 24/05/2026: 1- MUTLAQ HAMAD ALMORAISHED 2- SHAKER NAFIL ALOTAIBI 3- RYAN WADAH TARABZONI 4- ASEM ABDULWAHAD ALESSA 5- OMAR KHALID ALBILALI 6- MANSOR ABDULRAHMAN ALGHARAIRI 8- Approved the formation of the Audit Committee, and the definition of its duties, work regulations and remuneration of its members for the new session which starts on 25/5/2023 for 3 years that will be ended on 24/5/2026. the elected members: 1- Ryan Wadah Tarabzoni. 2- Mansor Abdulrahman Algharairi. 3- Waheed Hussain Huraisi. 9- Approved the appointing the auditor Ibrahim Ahmed Al Bassam & Co. for the Company from among the candidates based on the Audit Committee's recommendation. The appointed auditor shall examine, review and audit the (second, third and fourth) quarter and annual financial statements, of the fiscal year 2023 G, and the first quarter of the fiscal year 2024 G, and the determination of the auditor's fees. |
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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