Saudi Advanced Industries Company (SAIC) announces the results of the Ordinary General Assembly meeting (Second meeting)
- Date : 2022-08-02
| ELEMENT LIST | EXPLANATION |
|---|---|
| Introduction | The Board of Directors of the Saudi Advanced Industries Company is pleased to announce the results of the Ordinary General Assembly meeting (second meeting). This was due to the lack of a quorum for the first meeting, and the second meeting was held an hour later than the specified time. The meeting was held at 08:00 pm on Monday 03/01/1444 corresponding to 01/08/2022 AD through modern technology means. |
| City and Location of the General Assembly’s Meeting | At the company’s headquarters in the city of Riyadh by means of modern technology. |
| Date of the General Assembly’s Meeting | 2022-08-01 Corresponding to 1444-01-03 |
| Time of the General Assembly’s Meeting | 20:00 |
| Percentage of Attending Shareholders | 13.90% |
| Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees | The meeting was attended by the following board members:
Mr. Youssef bin Mohammed Al-Qafari (Chairman of the BOD) Mr. Abdullah bin Mohammed Al Humaidhi (Vice Chairman of the BOD) Dr. Abdullah bin Suleiman Al-Juraish (Member BOD) Mr. Musa bin Abdullah Al-Ruwaili (Managing Director) Mr. Abdulrahman bin Nasser Al-Obaid (Member BOD) |
| Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their Behalf | Mr. Abdulrahman bin Nasser Al-Obaid (Chairman of the Nominations and Remunerations Committee)
Mr. Musa bin Abdullah Al-Ruwaili (Chairman of the Investment Committee) Mr. Khalid bin Mohammed Al-Muammar (Chairman of the Audit Committee) Mr. Mohammed bin Fahd Al-Dosari (Representative of the Governance Committee) |
| Voting Results on the Items of the General Assembly’s Meeting Agenda’s | 1- Approval of the formation of the Audit Committee, defining its tasks, its work controls, and the remuneration of its members for the new session, starting from the date of the assembly meeting 01-08-2022 AD until the end of the term on 30-05-2025 AD. Note that the candidates are:
– Mr. Abdullah Muhammad Al-Humaidhi (independent member of the board of directors) – Mr. Ammar Abdel Rahim Qadhi (member from outside board of director) – Mr. Faisal Sultan Al-Subaie (Member from outside board of director). 2- Approval of the Board of Directors’ decision to appoint Mr. Yousef Muhammad Al-Qafari as an independent member of the Board of Directors, starting from the date of his appointment on 12-06-2022 AD to complete the Board’s term until the end of the current term on 30-05-2025 AD, succeeding the previous member, Mr. Abdullah Saleh Al-Sanea as a member Independent Board of Directors. 3- Approval of authorizing the Board of Directors to distribute interim dividends on a semi-/quarterly basis for the fiscal year 2022 AD. |
| Additional Information | The Board of Directors of the Saudi Advanced Industries Company is pleased to thank all shareholders for their participation and attendance of the work of the Ordinary General Assembly meeting (the second meeting). |