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Jabal Omar Development Company announces the results of the 14th Ordinary General Assembly Meeting (The First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | Jabal Omar Development Company announces the results of the 14th Ordinary General Assembly Meeting (The First Meeting) |
| City and Location of the General Assembly's Meeting | Makkah - the company's headquarters- by Means of Modern Technology |
| Date of the General Assembly's Meeting | 2024-06-09 Corresponding to 1445-12-03 |
| Time of the General Assembly’s Meeting | 19:30 |
| Percentage of Attending Shareholders | 50,20 % |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following Board members attended the meeting: Mr. Saeed Mohammed Alghamdi –Chairman Mr. Thaleb Ali Alshamrani - Vice Chairman Dr. Ahmad Othman Alqasabi Mr. Hesham Abdulaziz Alzaid Mr. Yasser Abdulaziz alkadi Mr. Mohammed Sultan AbuMelha Mr. Mazin Fawaz Baghdadi Mr. Saleh Abdullah Alzumaie Mr. Abdulaziz Sulaiman Alrajhi wat not able to attend the meeting |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | The following Committees’ Chairmen attended the meeting: Mr. Yasser Abdulaziz alkadi - Chairman of the Remuneration and Nomination Committee Mr. Mazin Fawaz Baghdadi - Chairman of the Audit Committee |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. Reviewed and discussed the report of the Board of Directors for the fiscal year ended on December 31, 2023 2. Approved the company's auditor's report for the fiscal year ended on December 31, 2023 3. Reviewed and discussed the financial statements for the fiscal year ended on December 31, 2023 4. Approved the releasing the members of the Board of Directors from liability for the fiscal year ended on December 31, 2023 5. Approved of the participation of Board Member Mr. Hesham Abdulaziz Alzaid in a business competing with the company’s business 6. Approved of the participation of Board Member Mr. Abdulaziz Sulaiman Alrajhi in a business competing with the company’s business 7. Approved the business and contracts concluded between the company and Al Rajhi Bank, in which the member of the Board of Directors, Mr. Abdul Aziz Al Rajhi, and the member of the Board of Directors, Mr. Thalib Al-Shamarani, have an indirect interest in it, the transaction is to obtain an Islamic Murabaha facility worth1,900,000,000 riyals, guaranteed by the Ministry of Finance, for a period of two years, starting in 2024 AD, noting that there are no preferential conditions. 8. Approved of the election of members of the Board of Directors from among the candidates for the next session, which begins on June 30, 2024, and ends on June 29, 2028, for a period of four years, delusion: 1. Mr. Saeed Mohammed Ali Al Ghamdi 2. Mr. Abdulaziz Saud Abdulaziz Altubayyb 3. Mr. Badr Abdulrahman Abdullah Al-Sayari 4. Mr. Ahmad Othman Abdullah AlQasabi 5. Mr. Yasser Abdulaziz Mohammad AlKadi 6. Mr. Wahdan Suliman Mohammed AlKadi 7. Mr. Khaled Saleh Fahad Alkhattaf 8. Mr. Thalib Ali Thalib Alshamarani 9. Mr. Saleh Habdan Abdullah Alhabdan |
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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