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Al-Omran Industrial Trading Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | Al Omran Industrial and Trading Company is pleased to announce to its esteemed shareholders the results of the Ordinary General Assembly Meeting (first meeting) via modern technology, held on 28/11/1446 AH corresponding to 26/05/2025 AD. |
| City and Location of the General Assembly's Meeting | The company's headquarters is located in Riyadh, using modern technology. |
| Date of the General Assembly's Meeting | 2025-05-26 Corresponding to 1446-11-28 |
| Time of the General Assembly’s Meeting | 18:45 |
| Percentage of Attending Shareholders | 38.03 |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The meeting was attended by: 1- Mr. Mohammed Omran Al Omran (Chairman of the Board of Directors). 2- Nasser Mohammed Nasser Bin Omran (Board Member - Vice Chairman of the Board of Directors). 3- Abdulrahman Mohammed Nasser Bin Omran (Board Member - Managing Director). 4- Abdullah Abdulaziz Al Ghadeer (Board Member). 5- Fahad Saad Al Huwaimel (Board Member - Chairman of the Nominations and Remuneration Committee and Chairman of the Audit Committee). |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1- Fahd Saad Al-Huwaimel (Chairman of the Nominations and Remuneration Committee - Chairman of the Audit Committee). |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | Item One: The Board of Directors' report for the year ending December 31, 2024 was reviewed and discussed. Item Two: The company's consolidated financial statements for the fiscal year ending December 31, 2024 were reviewed and discussed. Item Three: The auditor's report for the year ending December 31, 2024 was approved after discussion. Item Four: The appointment of the company's auditor (Al-Kharashi & Partners - Mazars) from among the candidates nominated by the Audit Committee, based on the Audit Committee's recommendation, to review, audit, and audit the financial statements for the second and third quarters and annual financial statements for 2025 and the first quarter of 2026. Their fees were set at SAR 345,000, excluding value-added tax. Item Five: Approval of the disbursement of SAR 300,000 to the members of the Board of Directors for the fiscal year ending December 31, 2024. Item Six: Approval of the transactions and contracts concluded between the company and Abbad Real Estate Investment Company, in which the members of the Board of Directors, Mr. Muhammad Imran Al-Omran, Mr. Nasser Muhammad Bin Imran, and Mr. Abdulrahman Muhammad Bin Imran, have an indirect interest. These transactions include (rentals for company employee housing and warehouses). Transactions in 2024 amounted to SAR 1,188,000 without preferential terms (attached). Item Seven: Approval of the election of members of the Board of Directors for the new term, which begins on September 17, 2025 and ends on September 16, 2029, from among the candidates, for a period of four years. The following were elected: 1- Mr. Mohammed Omran Al-Omran 2- Mr. Nasser Mohammed Nasser Bin Omran 3- Mr. Abdulrahman Mohammed Nasser Bin Omran 4- Mr. Ahmed Abdullah Abdul Aziz Al-Fuhaid 5- Mr. Saud Abdul Aziz Al-Fulaij Item Eight: Approval of the discharge of the members of the Board of Directors from liability for the fiscal year ending on December 31, 2024. |
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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