| Introduction | Al Kathiri Holding Company announces the results of the Extra Ordinary General Assembly meeting (first meeting), which was convened at (6:30) PM on Sunday,18-11-1445 H, corresponding to 26/05/2024G, via modern technology means only; And that is as the attendance rate in the first meeting was 40.20 %. |
| City and Location of the General Assembly’s Meeting | The company’s main headquarters – 3158 Green Offices – Prince Yazid bin Abdullah bin Abdul Rahman Road Al-Malqa district in Riyadh – Via modern technology means only. |
| Date of the General Assembly’s Meeting | 2024-05-26 Corresponding to 1445-11-18 |
| Time of the General Assembly’s Meeting | 18:30 |
| Percentage of Attending Shareholders | 40.20 % |
| Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees | The following members of the Board of Directors attended the meeting:1) Mr. Khaled Abdel-Mohsen Abdel-Rahman Al-Khayal (Chairman of the Board of Directors)2) Mr. Saud Mohammed Abdullah Al Shuraym (Vice Chairman of the Board of Directors)3) Mr. Meshal Mohammed Nasser Alkathiri (Managing Board Member and CEO)4) Mr. Abdullah Abdulrahman abdullah Al Shaikh (Member of the Board of Directors)And none of the members of the Board was absent from attending the meeting |
| Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their Behalf | 1) Mr. Saud Mohammed Abdullah Al Shraim (Chairman of the Nominations and Remunerations Committee)2) Mr. Ahmed Nasser Ahmed Al-Sayegh (Chairman of the Audit Committee)No one was absent |
| Voting Results on the Items of the General Assembly’s Meeting Agenda’s | 1 – The Board of Directors’ report for the FY ending on December 31, 2023 has been reviewed and discussed.2 – Approval of on the company’s auditor report for the FY ending on December 31, 20233- The company’s financial statements for the FY ending on December 31, 2023G has been reviewed and discussed.4 – Approval the appointment of Al Kharashi & Co. Certified Accountants and Auditors, as auditor for the company from among the nominees based on the Audit Committee’s recommendation; to examine, review, audit the financial statements for the second, third quarters, and annual of the FY 2024G and the first quarter of the fiscal year 2025G, and determine their fees in the amount of SAR 490,000 excluding the VAT.5 – Approval on transaction and contracts that will take place between Msandh Al-Emdad Limited Company a subsidiary and owned by the parent company (Al Kathiri Holding Company), and Alian Industry Company, in which the two members of the Board of Directors (Mr. Meshal Al Kathiri and Mr. Khaled Alkhayyal) have a direct interest, noting that the transactions that took place on the period ending on 31-12-2023 amounted to 17.749,546 S.R. The disclosed direct interest is regarding mutual procurements and commercial transactions as part of the ordinary businesses that have offered no preferential.6- Approval on transaction and contracts that will take place between The Company and Alian Industry Company – in which the two members of the Board of Directors (Mr. Meshal Al Kathiri and Mr. Khaled Alkhayyal) have a direct interest, – noting that the transactions took place during the fiscal year Ended on December 31, 2023 are in the amount of 20,562,769 S.R – which are normal transactions that take place between the company and its subsidiary as part of the ordinary businesses that have offered no preferential.7 – Approval on authorize the Board of Directors with the Shareholders General Assembly authority with the rights mentioned in paragraph (1) of Article (27) of the Companies Law for one year from the date of approval of the Shareholders General Assembly or until the end of the session of the authorized the Board of Directors, whichever is earlier, in accordance with the conditions mentioned in the executive regulation of the Companies Law for Listed Joint Stock Companies. |
