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Alandalus Property Co. Announces the Results of the 7th Extraordinary General Assembly Meeting, (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Al-Andalus Property company is pleased to announce the results of the 7th Extraordinary General Assembly (First meeting) |
| City and Location of the General Assembly's Meeting | The Extraordinary General Assembly has been held remotely via modern technology. |
| Date of the General Assembly's Meeting | 2024-12-01 Corresponding to 1446-05-29 |
| Time of the General Assembly’s Meeting | 18:30 |
| Percentage of Attending Shareholders | 55.27% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The meeting was attended by the following members of the Board of Directors: 1.Mr. Abdulsalam bin Abdul Rahman Al-Aqil (Chairman of the Board). 2.Eng. Saleh bin Muhammad Al Habib (Vice Chairman) 3.Mr. Ahmed bin Abdul Rahman Al-Mousa (Board Member) .4 Mr. Omar Hamad Al-Mishaal (Member of The Board of Director ( 5. Eng. Faisal bin Abdul Mohsen Al-Zakri (Member of The Board of Directors ( 6. Eng. Faisal bin Abdul Rahman Al Nasser (Member of The Board of Directors ( 7. Mr. Tariq Saad Al-Twijrey (Member of The Board of Directors) 8. Mr. Nawaf Abdullah Al-Fayzan (Member of The Board of Directors ( 9. Mr. Mishari bin Muslim Al-Shaman (Member of The Board of Directors |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | The meeting was attended by the following committee’s chairmen: 1. Mr. Abdulsalam bin Abdul Rahman Al-Aqil (Chairman of Executive Committee). 2. Mr. Omar Hamad Al-Mishaal (Chairman of Audit Committee) 3. Mr. Nawaf Abdullah Al-Fayzan Chairman of Nomination and Remuneration Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | Firstly: Approval of the amendment to Article (41) of the company's bylaws, related to the entitlement of profits and interim dividends. Secondly: Approval of the amended Dividend Distribution Policy (attached). Thirdly: Approval to authorize the Board of Directors to distribute interim dividends semi-annually for the fiscal year 2024. Fourthly: Approval to transfer the statutory reserve balance of SAR 100,624,786 as per the financial statements ending on 31/12/2023 to the retained earnings balance. Fifthly: Approval of the Board of Directors’ resolution to appoint Mr. Tariq bin Saad Al- Twijrey (Independent Member), starting from 09/10/2024, to complete the Board’s term until the end of the current term on 09/03/2027, succeeding the former member, Mr. Faisal bin Abdullah Al-Judaie (Independent Member). |
| Additional Information | For any inquiries, please contact the Investor Relations Department, 011 920014541, Ext. 888 Email: IR@alandalus.com.sa |
| 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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