Results of Ordinary General Assembly Meeting No. 2

General Assembly Results

The Ordinary General Assembly Meeting No. 2 was held remotely, chaired by Board Chairman Mr. Mohammed bin Saleh Al-Suhaibani. The quorum was met with shareholders representing 1,020,000 shares (85% of total capital of 12,000,000 shares).

Key resolutions included:

Approval of financial statements for fiscal year ending December 31, 2022
Approval of the auditor's report for the same fiscal year
Selection of Abdullah bin Abdulaziz Al-Bayoudh as company auditor for 2023
Approval of the Board of Directors' report
Discharge of the Board from liability for the fiscal year
Appointment of Ahmed bin Sulaiman Al-Jasser as alternate board member
Authorization for the Board to convert company branches into independent companies

General Assembly Results

Key resolutions included:

Approval of financial statements for fiscal year ending December 31, 2022
Approval of the auditor's report for the same fiscal year
Selection of Abdullah bin Abdulaziz Al-Bayoudh as company auditor for 2023
Approval of the Board of Directors' report
Discharge of the Board from liability for the fiscal year
Appointment of Ahmed bin Sulaiman Al-Jasser as alternate board member
Authorization for the Board to convert company branches into independent companies