| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the Saudi Industrial Investment Group is pleased to announce the results of its Extraordinary General Assembly’s Meeting (first meeting), which was held online at 7:00 pm on Thursday, 8-11-1445 H (corresponding to 16-5-2024G. |
| City and Location of the General Assembly’s Meeting | The meeting was held Online from SIIG Headquarter in Riyadh, Hitten area. |
| Date of the General Assembly’s Meeting | 2024-05-16 Corresponding to 1445-11-08 |
| Time of the General Assembly’s Meeting | 19:00 |
| Percentage of Attending Shareholders | 65.54 |
| Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees | All the following members of the Board of Directors attended:
1. Eng. Khalil Ibrahim Alwatban (Chairman). 2. Mr. Nabil Abdullah Almubarak (Vice-Chairman). 3. Mr. Sulaiman Abdulrahman Algwaiz (Board member). 4. Dr. Abdulrahman Sulaiman Alrajhi (Board member). 5. Mr. Farraj Mansour Abuthenain (Board member). 6. Dr. Saad Saleh Alrwaite (Board member). 7. Mr. Adel Abdulaziz Alquraishi (Board member). 8. Eng. Ziyad Mohammed AlShiha (Board member). 9. Mr. Eyad Abdulrahman AlHusain (Board member). 10. Mr. Fahad Abdulrahman Almaekel (Board member). |
| Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their Behalf | Committee Chairmen attend:
– Eng. Khalil Ibrahim Alwatban (Executive and Investment Committee Chairman). – Dr. Saad Saleh Alrwaite (Audit Committee Chairman and Governance Committee Chairman). – Mr. Farraj Mansour Abuthenain (Nomination and Remuneration Committee Chairman). |
| Voting Results on the Items of the General Assembly’s Meeting Agenda’s | 1- The Board of Director Report for the fiscal year ending on 31/12/2023G was reviewed and discussed.
2- The Financial Statements for the fiscal year ending on 31/12/2023G was reviewed and discussed. 3- Approve the Auditor’s Report for the fiscal year ending on 31/12/2023G. 4- Approve the absolution of the members of the Board of Directors from liability for the fiscal year ending on 31/12/2023G. 5- Approve the disbursement of SAR 3.2 million as remuneration for the members of the Board of Directors for the fiscal year ending on 31/12/2023. 6- Approve the delegation of the Board of Directors to declare the distribution of interim dividends, semi-annual or quarterly, for the 2024 fiscal year. 7- Approve the current board period, so that the period ends on May 16, 2024, instead of June 30, 2024. 8- Approve the amendment to article 17 of the Bylaw concerning the management of the company, (reducing the number of members of the board of directors from 10 to 7 members), if item 7 is approved (end the current board period) 9- Approve the election of the following members for the Board of Directors membership for the new term (tenth period), which begins on May 17, 2024, for a period of four years, ending on May 16, 2028: – Eng. Khalil Ibrahim Alwatban – Mr. Sulaiman Abdulrahman Algwaiz – Dr. Saad Saleh Alrwaite – Mr. Abdullah Ahmed Alshehri – Mr. Said Abdullatif AlHadrami – Mr. Eyad Abdulrahman AlHusain – Mr. Abdulrahman Saleh Alismail |
