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Altharwah Albashariyyah Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | Altharwah Albashariyyah Co. announces to its shareholders the results of the Ordinary General Assembly Meeting (First Meeting), which was held at 8:30 p.m. on Thursday, 23/12/1446H corresponding to 19/06/2025G, at the company’s headquarters located in Riyadh – Al Narjis District – Othman Bin Affan Road, through modern technology means (remotely) via Tadawulaty services, following the completion of the quorum required for the meeting to be valid. |
| City and Location of the General Assembly's Meeting | At the company's headquarters in Riyadh – Al Narjis District – Othman bin Affan Road – conducted remotely via modern technology using Tadawulaty services. |
| Date of the General Assembly's Meeting | 2025-06-19 Corresponding to 1446-12-23 |
| Time of the General Assembly’s Meeting | 20:30 |
| Percentage of Attending Shareholders | 88,95% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | 1. Dr. Saleh Khalaf Hassan Alharthi – Chairman of the Board 2. Mr. Abdullah Saud Mohammed Aldablan – Vice Chairman of the Board 3. Eng. Osama Abdulaziz bin Abdullah Alzamil – Board Member 4. Mr. Fahad Saad Abdullah bin Muammar – Board Member 5. Mr. Abdullah Mardi Ahmed Alzahrani – Managing Director and Chief Executive Officer |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | Mr. Khalid Ali Ibrahim Otain - Chairman of the Audit Committee |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. Approval of the auditor’s report for the fiscal year ending on December 31, 2024, after discussion. 2. Review and discussion of the Board of Directors’ report for the fiscal year ending on December 31, 2024. 3. Review and discussion of the company’s financial statements for the fiscal year ending on December 31, 2024. 4. Approval to release the members of the Board of Directors from liability for the fiscal year ending on December 31, 2024. 5. Approval of the appointment of "Maham Professional Consulting" as the company’s external auditor from among the nominated candidates based on the recommendation of the Audit Committee, to examine, review, and audit the annual financial statements for the fiscal year ending on December 31, 2025, and the semi-annual financial statements for the period ending on June 30, 2025, for a fee of SAR 410,000. 6. Approval of authorizing the Board of Directors to distribute interim dividends to shareholders on a semi-annual or quarterly basis for the fiscal year ending on December 31, 2025. 7. Approval of delegating to the Board of Directors the Ordinary General Assembly's authority to issue the license stated in Paragraph (1) of Article Twenty-Seven of the Companies Law, for one year from the date of the General Assembly’s approval or until the end of the delegated Board’s term, whichever comes first, in accordance with the conditions set out in the Implementing Regulations of the Companies Law for Listed Joint Stock Companies. 8. Approval of the participation of Board member H.E. Eng. Osama Abdulaziz Abdullah Al-Zamil in an activity competing with the company. 9. Approval of the amendment of the Audit Committee Charter. 10. Approval of the Competition Standards and Guidelines Policy. |
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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