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Almunajem Foods Co. Announces the Results of the Extraordinary General Assembly Meeting, ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Almunajem Foods Company is pleased to announce the results of voting on the agenda items for the Extraordinary General Assembly meeting (first meeting) |
| City and Location of the General Assembly's Meeting | Using modern technology means. |
| Date of the General Assembly's Meeting | 2022-06-01 Corresponding to 1443-11-02 |
| Time of the General Assembly's Meeting | 19:30 |
| Percentage of Attending Shareholders | %73.51 |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The meeting was attended by: Mr.Saleh Abdullah Ali Almunajem – Chairman Mr. Suliman Abdulrahman Alguwaiz – Vice Chairman Mr. Fahad Abdulmohsen Alfadley – Managing Director Mr. Hasan Shakib Aljabri - Member Mr. Abdullah Omar Bawazir - Member Mr. Mohammad Ibrahim Alrowette - 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. Suliman Abdulrahman Alguwaiz – Chairman of Audit Committee Mr. Hasan Shakib Aljabri – Chairman of the Nomination and Remuneration Committee. |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. Approval of the amendment of Article Tow of the company bylaws relating to company name. 2. Approval of the Board of Director’s report for the fiscal year ended on 12/31/2021 AD. 3. Approval of the financial statements for the fiscal year ended on 12/31/2021 AD. 4. Approval of the auditor’s report for the year ended on 12/31/2021 AD. 5. Approval of release of the Board of Directors members from liability for the fiscal year ended on 12/31/2021 AD. 6. Approval of distribute the amount of (750.000sr) Seven hundred and fifty thousand saudi riyals as a remuneration to the Board of Directors for the fiscal year ended on 12/31/2021 AD. 7. Approval of the Board of Directors recommendation to pay cash dividends amounting to (120.000.000 Saudi Riyals) One hundred and twenty million Saudi Riyals, for fiscal year 2021 at (SR 2) per share, which represents 20% of the company’s capital for shareholders who registered on Tadawul at the end of the second trading day following the general assembly meeting. 8. Approval of the appointment of KPMG as external auditor for the company, from among nominees, to review the quarterly (Q2 and Q3) and audit of the annual financial statements for 2022, In addition to to the review of Q1 2023 financial statements, as well as approving their fees. 9. Approval of delegate the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis to shareholders for the fiscal year 2022. 10. Approval of the business and contracts between the company and France Poultry, In which the members of the Board of Directors, Mr. Saleh bin Abdullah Almunajem, Mr. Fahad bin Abdulmuhsen Alfadley, and Mr. Abdullah Omar Bawazir have an indirect interest, which are food purchases from France Poultry. The value of these contracts during the year 2021 was (475.702.504 Saudi Riyals), Four hundred seventy five million and seven hundred and two thousand five hundred and four Saudi Riyals, bearing in mind that there were no preferential conditions in these contracts. 11. Approval of the business and contracts between the company and Al Kafaa Real Estate Company, In which the members of the board of Directors, Mr. Saleh bin Abdullah Almunajem, Mr. Fahad bin Abdulmuhsen Alfadley, and Mr. Abdullah Omar Bawazir have an indirect interest in them related to the company's lease of sites and offices from Al Kafaa Real Estate Company. The value of these contracts during the year 2021 was (755.600 Saudi Riyals) seven hundred and fifty-five thousand six hundred Saudi Riyals. Bearing in mind that there are no preferential conditions in these contracts. 12. Approval of the business and contracts between the company and Abdullah Al-Ali Almunajem sons Company, in which the members of the Board of Directors, Mr. Saleh bin Abdullah Almunajem, Mr. Fahad bin Abdulmuhsen Alfadley, and Mr. Abdullah Omar Bawazir have an indirect interest in them. The value of these contracts during the year 2021 was (2.240.611 Saudi Riyals) two million two hundred and forty thousand six hundred and eleven Saudi riyals. Bearing in mind that there are no preferential conditions in these contracts. 13. Approval of the marketing consultancy agreement concluded between the company and Four steps Est, on March 21,2022 in which the member of the Board of Directors, Mr. Mohammad bin Ibrahim Alrowette, has a direct interest, and the value of these works during the year 2021 was (95.306 Saudi riyals) Ninety-five thousand three hundred and six Saudi Riyals. Bearing in mind that there are no preferential conditions in these contracts. |
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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Company Performance
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Last Price 114.8
Net Change -0.8 (-0.69%)
Value Traded (Sar) 68,088,112.6
Volume Traded 597,051
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