| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the Saudi Industrial Investment Group is pleased to announce the results of the Extraordinary General Assembly’s Meeting (first meeting), which was held at 7:30 pm on Monday 23-11-1444 H (corresponding to 12-6-2023G), remotely by means of contemporary technology using Tadawulaty . |
| City and Location of the General Assembly’s Meeting | The Company headquarters in Riyadh (Remotely using modern technology). |
| Date of the General Assembly’s Meeting | 2023-06-12 Corresponding to 1444-11-23 |
| Time of the General Assembly’s Meeting | 19:30 |
| Percentage of Attending Shareholders | 56.15 |
| 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). – Mr. Farraj Mansour Abuthenain (Nomination and Remuneration Committee Chairman). – Dr. Saad Saleh Alrwaite (Governance Committee Chairman. |
| Voting Results on the Items of the General Assembly’s Meeting Agenda’s | 1. Approval of transferring the balance of the statutory reserve amounting (1,047,670,118) riyals as in the financial statements for the year ending on 12/31/2022 to retained earnings.
2. Approval of amending the remuneration policy. |