Shareholder Relations

Results of Ordinary General Assembly Meeting No. 2

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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 1,200,000 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
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