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Leejam Sports Company Announces the Results of The Ordinary General Assembly Meeting (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Leejam Sports Company is pleased to announce to its esteemed Shareholders the results of the Ordinary General Assembly meeting (First Meeting). |
| City and Location of the General Assembly's Meeting | Riyadh at Leejam Head Office - remotely through modern technology |
| Date of the General Assembly's Meeting | 2025-05-22 Corresponding to 1446-11-24 |
| Time of the General Assembly’s Meeting | 20:30 |
| Percentage of Attending Shareholders | 72.7762 |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The meeting was attended by all members of the board of directors, and they are: 1. Mr. Ali Hamad Al-Sagri, Chairman of the Board 2. Mr. Hamad Ali Al-Sagri, Vice Chairman of the Board 3. Dr. Mohammed Faraj Al-Kinani 4. Mr. Ameen Fahad Al-Shiddi 5. Mr. Mishal Ibrahim Al-Mishari 6. Mr. Mohammed Hamad Al-Sagri 7. Mr. Abdulelah Mohammed Al-Nemr |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1. Mr. Ali Hamad Al-Sagri (Chairman of the Executive Committee) 2. Dr. Mohammed Faraj Al-Kinani (Chairman of the Audit Committee) 3. Mr. Mishal Ibrahim Al-Mishari (Chairman of the Nomination & Renumeration Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. The Board of Directors’ Report for the fiscal year ending on 31st December 2024 was reviewed and discussed. 2. The Financial Statements for the fiscal year ending on 31st December 2024 was reviewed and discussed. 3. Approval of the Auditor’s Report on the Company’s accounts for the fiscal year ending on 31st December 2024 after discussing it. 4. Approval of the releasing of the Board of Directors members from liability for the fiscal year ending on 31st December 2024. 5. Approval of paying an amount of SAR 3,167,845 as remuneration to the Board Members for the fiscal year ending on 31st December 2024. 6. Approval of appointing Ernst & Young (EY) an auditor for the company from among the candidates based on the Audit Committee’s recommendation. The appointed auditor shall examine, review, and audit the second and third quarters and annual Financial Statements of the fiscal year ending on 31st December 2025, and the first quarter of the fiscal year ending on 31st December 2026, for a total fee of (Only SAR 865,000.00) excluding Value Added Tax. 7. Approval of delegating the Board of Directors to distribute interim dividends on a bi-annually or quarterly basis for the fiscal year ending on 31st December 2025. 8. Approval of delegating to the Board of Directors the authorization powers of the General Assembly stipulated in paragraph (1) of Article (27) of the Companies Law, for a period of one year starting from the date of the approval by the General Assembly or until the end of the delegated Board of Directors’ term, whichever is earlier, in accordance with the implementation rules of Companies Law for listed Joint Stock Companies. 9. Approval of amending Audit Committee Regulations. |
| Additional Information | For inquiries, please contact Investor Relations at: at: investor.relations@leejam.com.sa Phone number: +966564149752 |
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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