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Saudia Dairy and Foodstuff Co. ("SADAFCO") Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )

Element ListExplanation
Introduction SADAFCO Co. is pleased to announce the results of the Ordinary General Assembly Meeting ( First Meeting )
City and Location of the General Assembly's Meeting Remotely using modern technology means from the company's headquarters in Jeddah.
Date of the General Assembly's Meeting 2022-06-28 Corresponding to 1443-11-29
Time of the General Assembly's Meeting 18:30
Percentage of Attending Shareholders 64.74%
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 with their names:

1- Mr. Mussad Abdullah Al-Nassar (Board Member)

2- Mr. Ahmed Mohamed Al-Marzouki (Board Member)

3-Mr. Suleiman Saud Al-Jarallah (Board Member)

4- Mr. Hani Abdel Aziz Saab (Board Member)

5- Mr. Abdullah Hamdan Al-Nassar (Board Member)

The following were unable to attend this meeting:

1- His Highness Sheikh Hamad Sabah Al-Ahmad (Chairman)

2- Mr. Faisal Hamad Al Ayyar (Vice-Chairman)

3- Mr. Abdullah Yaqoub Bishara (Board Member)

4- Mr. Saied Ahmed Basamh (Board Member)

Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf - Mr. Ahmed Mohammed Al-Marzouki (Board Member - Chairman of Remuneration & Nomination Committee)

- Mr. Ahmed Mohammed Al-Marzouki (Board Member - Audit Committee Member)

Voting Results on the Items of the General Assembly's Meeting Agenda's 1- Approval of the Board of Directors' Annual Report for the fiscal year ended 31-03-2022.

2- Approval of the External Auditors Report for the fiscal year ended 31-03-2022.

3- Approval of the Financial Statements for the fiscal year ended 31-03-2022.

4- Approval of the Board of Directors' recommendation to distribute dividends amounting to SAR 95,999,250 at SAR 3 per share, equivalent to 30% of the nominal share value for the second half of the financial year ended 31 March 2022, payable to shareholders at the closing of trading on Assembly Meeting Day, and for the Shareholders registry of the Securities Depository Center at the end of the second trading day following the eligibility date, dividends distribution date will be on Tuesday 20-12-1443H corresponding to 19-07-2022G.

5- Approval on authorizing the Board of Directors to distribute interim dividends to the shareholders for the financial year ending 31-03-2023.

6- Approval of the appointment of (KPMG Al-Fawzan and Al-Sadhan) as the external auditor for the Company among the candidates based on the Audit Committee's recommendation to examine, review and audit the financial statements for the second, third, and fourth quarters of 2022 and the first quarter of 2023 and set their fees.

7- Approval on releasing the Board Members from their liability for the fiscal year ended 31-03-2022.

8- Approved to pay (SAR 3,600,000) as remuneration for the Board Members (SAR 400,000) for each member for the financial year ending 31-03-2022.

9- Approval of the transactions and agreements made with Buruj Cooperative Insurance Company (Saudi Arabia), where the Vice-Chairman, Mr. Faisal Al Ayyar, and the Board Member Mr. Ahmed Al Marzouki have an indirect interest in it, this contract provides insurance services without preferential terms for a period of one year, starting from 01-07-2021G and ending on 30-06-2022G. These transactions had a total value of SAR 11,277,724.

10- Approval of the transactions and agreements with PKC Advisory, where Sheikh Hamad Sabah Al Ahmed and Mr. Faisal Hamad Al Ayyar are Chairman and Vice President, and Mr. Abdullah Yacoub Bishara is a Board Member have an indirect interest in it. This contract provides consultancy services without preferential terms. These transactions had a total value of SAR 1,054,465.

11- Approval of the transactions and agreements made with AXA Cooperative Insurance Co. (Saudi Arabia), where Sheikh Hamad Sabah Al Ahmed and Mr. Faisal Hamad Al Ayyar are Chairman and Vice President, and Mr. Abdullah Yacoub Bishara is a Board Member have an indirect interest in it. The Company provides insurance services without preferential terms. These transactions had a total value of SAR 634,200.

12- Approval of the transactions and agreements made with Alternative Energy Projects Company, where Sheikh Hamad Sabah Al Ahmed and Mr. Faisal Hamad Al Ayyar are Chairman and Vice President, and Mr. Abdullah Yacoub Bishara is a Board Member have an indirect interest in it. This Contract is for the supply and installation of a Solar project without preferential terms. These transactions for the year from 1-4-2021 to 31-03-2022 had a total value of SAR 2,904,922.

13- Approval of the Corporate Social Responsibility 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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Value Traded (SAR) Volume Traded
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