|Introduction||Wafrah for Industry and Development Co. Announces the results of the Ordinary General Assembly Meeting (first meeting) which was held at 06:30 pm on Thursday 14-01-2021 corresponding to 01-06-1442, in person at its Head office (Third Industrial City- Riyadh ) and also through modern technologies using Tadawulaty system, as part of the support of preventive and precautionary efforts and measures set by the relevant health authorities in the Kingdom of Saudi Arabia to limit the spread of Covid-19, and as an extension of the continuous efforts made by all Government Agencies in the Kingdom of Saudi Arabia to take the necessary preventive measures to prevent its spread.|
|City and Location of the General Assembly’s Meeting||Head Office in the third Industrial City, Riyadh|
|Date of the General Assembly’s Meeting||2021-01-14 Corresponding to 1442-06-01|
|Time of the General Assembly’s Meeting||18:30|
|Percentage of Attending Shareholders||26.33 %|
|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:- Eng. Khalid Abdulaziz Abulrahman Almajed
– Dr. Turki Masoud Mahdi Al Abbas
– Mr. Ammar Mohammed Hussein Al Abbadi
– Mr. Saleh Hassan Saleh Alyami
– Eng. Mohammed Ahmed Abhal Alhaidar (online)
The following member was absent:
– Mr. Tareq Emad Abdulilah Nassif
|Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their Behalf||Mr. Saleh Hassan Saleh Alyami (Head of Nomination and Remuneration Committee).Mr. Ammar Mohammed Hussein Alabbadi and Mr. Mohamed Ahmed abhal Alhaidar (members of the Auditors Committee)|
|Voting Results on the Items of the General Assembly’s Meeting Agenda’s||Clause 1: Approval of the Impeachment of the Board of Directors as applied for by shareholders in possession of 7.14% of the total shares of the company.Clause 2: Approval of the Impeachment of the Auditors Committee as applied for by shareholders in possession of 7.14% of the total shares of the company.
Clause 3: The following nominees were elected as members of the Board of Directors for three years starting 14-01-2021 and ending 13-01-2024.
1- Mr. Ayad Abdulrahman Mohammed Al-Bunyan
2- Mr. Mohammed Abdulrazaq Aboud Al-Baghdadi
3- Mr. Faisal Mohammed Abdulaziz Al-Khudairi
4- Mr. Mohammed Saud Abdalla Al-Samari
5- Mr. Faisal Abdalla Mohammed Al-Qahtani
6- Mr. Mohammed Yagoub Yossif Al-Mukhadab
7- Mr. Mohammed Hindi Shujaa Al-Otaibi
Clause 4: Was dependent on disapproving clause 2.
|Additional Information||as clause no. 2 was approved, so the results of clause no. 4 are not displayed|