MEYAR

24 June, 2024 09:15

Meyar Co. Announces the Results of the Extraordinary General Assembly Meeting, ( First Meeting )

Element ListExplanation
Introduction The Board of Directors of Meyar Company is pleased to announce the results of the company’s extraordinary general assembly meeting (first meeting), which was held via modern technology at 19:10 pm on Sunday, 12/17/1445 AH, corresponding to 06/23/2024 AD, after... The legal quorum is reached for the validity of the general assembly meeting in accordance with the company’s bylaws.
City and Location of the General Assembly's Meeting Al Majmaah - the company's main headquarters through modern technology.
Date of the General Assembly's Meeting 2024-06-23 Corresponding to 1445-12-17
Time of the General Assembly’s Meeting 19:10
Percentage of Attending Shareholders 63.80%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees 1- Engineer. Sultan Abdullah Abdul Mohsen Al-Haddab (Chairman of the Board of Directors). 2- Engineer. Badr Nasser Mohammed Al Turki (Vice Chairman of the Board of Directors). 3- Mr. Abdul Rahman Nasser Muhammad Al Turki (Managing Director). 4- Mr. Abdul Aziz Ibrahim Abdullah Al Omar (Member of the Board of Directors). 5- Ms. Fay Abdulaziz Ibrahim Al-Manea (Member of the Board of Directors).
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf 1- Ms. Fay Abdul Aziz Ibrahim Al-Manea (Member of the Board of Directors, Chairman of the Audit Committee). 2- Mr. Abdul Aziz Ibrahim Abdullah Al Omar (Member of the Board of Directors, Chairman of the Nominations and Remuneration Committee).
Voting Results on the Items of the General Assembly's Meeting Agenda's 1- The Board of Directors’ report for the financial year ending on 12/31/2023 was reviewed and discussed. 2- The company’s auditor’s report for the financial year ending on 12/31/2023 was approved after discussion. 3- The financial statements for the fiscal year ending on 12/31/2023 were reviewed and discussed. 4- It was approved to release the members of the Board of Directors from their liabilities for the financial year ending on 12/31/2023 AD. 5- It was approved to disburse an amount of 180,000 riyals as a reward to members of the Board of Directors for the financial year ending on 12/31/2023 AD. 6- It was approved to appoint (Abdulaziz Saleh Al-Saleh, Yasser Zuman Al-Zouman and Khaled Fawzan Al-Fahd Chartered Accountants and Auditors Company) as the company’s auditor from among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the semi-annual and annual financial statements for the fiscal year ending on 31/ 12/2024 AD and determining his fees. 7- The business and contracts concluded between the company and the Imdad Al-Ittihad Contracting Corporation, in which the member of the Board of Directors, Mr. Abdul Rahman Nasser Muhammad Al-Turki, has an indirect interest, have been approved, and they are sales and sale of property, machinery and equipment during the period ending on December 31, 2023 AD, without any preferential conditions. In the amount of (5,615,976 Saudi riyals). 8- The business and contracts concluded between the company and Himmah Holding Company, in which the member of the Board of Directors, Mr. Abdul Rahman Nasser Muhammad Al-Turki, has a direct interest, have been approved, and they are the payment of financing and proxy payments during the period ending on December 31, 2023 AD, without any preferential conditions, in the amount of (8,157,508 riyals). Saudi). 9- The works and contracts concluded between the company and Basic Stone Company, in which the member of the Board of Directors, Mr. Abdul Rahman Nasser Muhammad Al-Turki, has a direct interest, have been approved, and they represent payments on behalf of the company during the period ending on December 31, 2023 AD, without any preferential conditions, in the amount of (2,066,702 Saudi riyals). ). 10- The works and contracts concluded between the company and the Abdul Rahman Nasser Al Turki Trading and Contracting Establishment, in which the member of the Board of Directors, Mr. Abdul Rahman Nasser Muhammad Al Turki has a direct interest, have been approved, and they consist of proxy payments during the period ending on December 31, 2023 AD, without any preferential conditions, in the amount of ( 1,461,162 Saudi riyals). 11- It was approved to amend the work regulations of the Audit Committee. 12- It was approved to amend the work regulations of the Nominations and Remuneration Committee. 13- It was approved to amend Article No. (1) of the company’s bylaws, related to transformation. 14- It was approved to amend Article No. (2) of the company’s bylaws, related to the company’s name. 15- It was approved to amend Article No. (8) of the company’s bylaws, related to subscription to shares. 16- It was approved to amend Article No. (11) of the company’s bylaws, related to the issuance of shares. 17- It was approved to amend Article No. (47) of the company’s bylaws, related to the distribution of profits. 18- It was approved to amend the company’s bylaws in accordance with the new companies’ bylaws, and to rearrange and number the articles of the bylaws; To comply with the proposed amendments.

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