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Raoum Trading Company (Raoom) announces the republication of the Board of Directors’ report for the year 2023.
| Element List | Explanation |
|---|---|
| Introduction | Raoom Trading Company announces the attached Board of Directors report containing the information required under the relevant executive regulations. The report has been prepared in accordance with the requirements of the Corporate Governance Regulations. |
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2024-02-21 Corresponding to 1445-08-11 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | In reference to the announcement of Rawom Trading Company (Raoum) dated (corresponding to 02/21/2023) regarding the publication of the Board of Directors' report, the company announces the re-publication of the Board of Directors' report for the year 2023, including all the information required under the relevant executive regulations, as the attached report was prepared in accordance with the requirements of the Corporate Governance Regulations issued by the Capital Market Authority to meet the requirements for transitioning to the main market. The following items have been amended in the attached report - Amending the remuneration schedule for five senior executives who received the highest remuneration from the company to be detailed and not total. - Adding the risk management and monitoring policy. - Amending the declaration of the Board of Directors members regarding any business or contracts in which the company is a party or was a party to which a material interest of a member of the Board of Directors or senior executives or any person related to any of them. - Amending the membership status of the Board of Directors members. In compliance with subparagraph (k) of Article Forty-Four of the Listing Rules (“Prior to submitting the application for transfer to the main market, the issuer must disclose to the public the Board of Directors’ report, which shall include the information required under the relevant implementing regulations, for a period of not less than 30 calendar days prior to the date of submitting the application for transfer to the main market.”) |
| Financial Impact on the change | nothing |
| Attached Documents |  |
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 175.2
Net Change 0.4 (+0.23%)
Value Traded (Sar) 415,522.2
Volume Traded 2,389
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