Announcement of the Results of the Extraordinary General Assembly Meeting – Second Session
Based on the invitation extended by the Chairman of the Board of Directors to the company’s shareholders to attend the second session of the Annual Extraordinary General Assembly to discuss its agenda items, the Extraordinary General Assembly meeting was held at the company's headquarters in Jeddah on Monday, August 11, 2025, at 10:00 AM, chaired by Dr. Fahd Farouk Hakim, Chairman of the Board.
The Chairman announced that the quorum required for the validity of the meeting was achieved, as shareholders representing (50,000) shares — constituting 100% of the company’s total capital of (50,000) shares — were present. Therefore, the meeting was validly held in accordance with Article (61) of the Companies Law.
Ms. Atheer Saleh Al-Qurashi was appointed as Secretary of the meeting. The Chairman requested the Secretary to read the agenda items, followed by opening the floor for discussion. Voting on the agenda items then commenced, and the results were as follows:
|
No. |
Agenda Item |
Number of Shares |
Percentage |
Approved |
Not Approved |
|
1 |
Cancellation of the Ministry notification regarding the Extraordinary General Assembly (Request No. 1830233 dated 28-07-2025) |
50,000 |
100% |
✓ |
|
|
2 |
Acceptance of the resignation of the Vice Chairman of the Board, Mr. Faisal Fahd Farouk Hakim |
50,000 |
100% |
✓ |
|
|
3 |
Election of a Board Member from among the nominated candidates: Motaz Ali Mohammed Wali |
50,000 |
100% |
✓ |
|
|
4 |
Reconstitution of the Board of Directors: |
50,000 |
100% |
✓ |
|