News & Announcements

GACO

26 June, 2024 08:58

Al Gassim Investment Holding Co. Announces the Results of the Ordinary General Assembly Meeting, ( Second Meeting )

Element List	Explanation
Introduction	Al Gassim Investment Holding Company announces the results of the Ordinary General Assembly meeting (second meeting) which was held at 07:30 pm on Tuseday 19 Dhul Hajjah 1445 corresponding to June 25,2024 through modern technical means (remote). Due to the lack of a quorum in the first meeting, the second meeting was held an hour after the scheduled time for the first meeting, where the quorum was completed and the attendance rate of the second meeting was 6.53391% of the shares representing the capital.
City and Location of the General Assembly's Meeting	In the Company's Head Office, Buraidah, through modern technical means (remote).
Date of the General Assembly's Meeting	2024-06-25 Corresponding to 1445-12-19
Time of the General Assembly’s Meeting	19:30
Percentage of Attending Shareholders	6.53391%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	The following Board Members attended the meeting: 1- Mr. Abdulrahman Saleh Alhudheif -Chairman of Board of Director. 2-Mr. Rasheed Sulaiman Alrasheed (BOD Deputy Chairman). 3-Mr. Bader Hamad Alkadi. 4-Mr.Ahmed Sulaiman Almuzaini 5--Mr. Waleed Khalid Al Qosaibi 6-Dr.Faisal Abdulkarim Alkhamis.
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. Rasheed Sulaiman Alrasheed- Audit Committee Chairman. 2-Mr. Abdulrahman Saleh Alhudheif. Investment Committee Chairman. 3- Mr.Ahmed Sulaiman Almuzaini- Remuneration and Nomination Committee Chairman.
Voting Results on the Items of the General Assembly's Meeting Agenda's	The results of voting on the assembly's agenda were as follows: 1-The Board of Directors report for the fiscal year ended 31 December 2023 have been reviewed and discussed. 2-Approval of the Auditor's report for the fiscal year ended 31 December 2023 after discussing it. 3-The financial statements for the fiscal year ended 31 December 2023 have been reviewed and discussed. 4-Not approval of the members of Board of Directors' discharge of liability for the year ended 31 December 2023. 5-Approval of the appointment of (Ibrahim Ahmed Albassam & Co. Certified Accountants) as the company's External Auditor among the candidates based on The Audit Committee recommendation, to examine, audit and review the financial statements for the second quarter, third quarter and the annual financial statements for the fiscal year 2024 and the first quarter of the fiscal year 2025 and determine their fees.

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