Based on the invitation from the Chairman of the Board of Directors to the shareholders of the company to attend the Ordinary General Assembly, the first meeting to discuss the items of the Ordinary General Assembly, the Ordinary General Assembly meeting was held at the company’s headquarters in Jeddah on Monday 03/01/1444 AH corresponding to 08/01/ 2022 AD at exactly 01:30 PM headed by Dr. Fahad Farouk Hakim announced that the necessary quorum for the assembly to be valid, attended by shareholders representing 50,000 shares representing (100%) of the company’s total capital of 50,000 shares. Therefore, the assembly meeting is valid.In accordance with the text of Article (62) of the Companies Law, Ms. Atheer Saleh Al-Qurashi was appointed as Secretary of the Assembly and a collector of votes. Then the President of the Assembly asked the Secretary of the Assembly to recite the agenda items. After that, the discussion was opened. The President of the Assembly asked the shareholders to vote on the agenda items, and the result of the vote was As follows:-

 

Review of the company's results for the second quarter ending on 06/31/2022 AD (attached on the website (investor relations / general assemblies / financial reports)

Acquisition of the Haraj Net application with a value of one hundred thousand riyals, provided that it is 100% owned by Morse Information Technology Holding Company, and the company registers its trademark and rebuilds the application.

 

Morse Information Technology Holding Company invested in Sal Ones Information Technology, a limited liability company, by purchasing 36,500 shares, equivalent to 365,000 riyals.

Approval of the contract and commercial dealings between Morse Information Technology Holding Company and ASDA’A Financial Consulting, owned by a related party (partner / Dr. Fahad Farouk Hakeem) to become the strategic partner and financial advisor of the company until 10/31/2027, and to allow financial transactions between the two parties regarding economic feasibility For the company's projects, development, investment and financing, and to attract new qualified shareholders and investors to the company

 

Assigning the strategic partner ASDA’A Financial Consultations to study the feasibility of investing in the project of the Shipa Freight Brokerage platform, Wa’ed Auctions platform, Morse Kafe and all other projects that the company may want to invest in.

Obtaining a financing of an amount of 3,000,000 riyals from related parties (Dr. Fahad Farouk Hakim) to operate the company’s investment portfolio, provided that the financing is repaid within a maximum period of 12 months from its date at an interest of 0%.