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Middle East Specialized Cables Co. Announces the Results of the Ordinary General Assembly Meeting (Second Meeting)
| Element List | Explanation |
|---|---|
| Introduction | Middle East Specialized Cables Company announces the results of its Ordinary General Assembly Meeting (second meeting). The quorum for the second meeting is the attendance of any number of the company's shares. |
| City and Location of the General Assembly's Meeting | Riyadh - The company's headquarters King Abdulaziz District Salah Al-Din Al-Ayoubi Street through the use of modern technology. |
| Date of the General Assembly's Meeting | 2025-06-17 Corresponding to 1446-12-21 |
| Time of the General Assembly’s Meeting | 19:30 |
| Percentage of Attending Shareholders | %20.75 |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following Board members were attended the meeting: 1) Mr. Yahya Ibrahim Al-Qunaibit (Chairman of the Board of Directors). 2) Eng. Ali Abdul Razzaq Al-Ghamdi (Vice Chairman). 3) Eng. Sulaiman Mohammed Al-Namla. 4) Eng. Mohammed Abdulaziz Al-Namlah. 5) Mr. Mohammed Ali Al-Ajmi. 6) Mr. Majed Ahmed Al-Suwaigh. Absent from the Assembly: Eng. Saad Saleh Al-Azwari |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | Eng. Ali Abdul Razzaq Al-Ghamdi (Chairman of the Executive Committee). Eng. Hathal Safar Al-Otaibi (Chairman of the Audit Committee). Mr. Majid Ahmed Al-Suwaigh (Chairman of the Nomination and Remuneration Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1.The Board of Directors' report for the financial year ended 31/12/2024 was reviewed and discussed. 2.Approval of the auditor's report for the financial year ended 31/12/2024 after discussing it. 3.The audited financial statements for the fiscal year ended 31/12/2024 were reviewed and discussed. 4.Approval of the appointment of Sulaiman Abdullah Al-Kharashi Company (Al-Kharashi & Chartered Accountants Co.) from among the candidates based on the recommendation of the Audit Committee to examine, review and audit the financial statements for the second, third and annual quarters of the fiscal year 2025, and the first quarter of the fiscal year 2026, with fees of (540,000) riyals. 5.Approval of authorizing the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year 2025. |
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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