|Introduction||Wafrah for Industry and Development Company is pleased to announce the results of the General Assembly Meeting (the Second Meeting) which was held virtually by modern technology means (Remotely), at 08:30 pm, on Tuesday 01-06-2021, corresponding to 20-10-1442.|
|City and Location of the General Assembly’s Meeting||Company’s Head Office, 3rd Industrial city, Riyadh City. The meeting was held virtually by modern technology means|
|Date of the General Assembly’s Meeting||2021-06-01 Corresponding to 1442-10-20|
|Time of the General Assembly’s Meeting||20:30|
|Percentage of Attending Shareholders||11.73|
|Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees||1- Mr Mohammed Yagoub Al-Mukhadeb (Chairman)2- Mr Mohammed Hindi Al-Otaibi (Deputy Chairman)
3- Mr. Faisal Mohammed Al-Khodairi (MD)
4- Mr. Mohammed Saud Al-Samari (Board member)
5- Mr. Eyad Abdulrahman Albunyan (Board member)
6- Mr. Mohammed Abdalrazak Albaghdadi (Board member)
7- Mr. Faisal Abdullah Alqahtani (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||1- Mr. Mohammed Yagoub Al-Mukhadeb (Chairman of the Executive Committee)2- Mr. Mohammed Saud Al-Samari (Chairman of Nomination and Remuneration Committee)
3- Mr. Faisal Abdullah Alqahtani (Chairman of the Audit Committee)
|Voting Results on the Items of the General Assembly’s Meeting Agenda’s||1- Approval of the Board of Directors’ report for the fiscal year ending on 31/12/20202- Approval of the auditor’s report on the Company’s accounts for the fiscal year ending on 31/12/2020.
3- Approval of the financial statements for the fiscal year ending on 31/12/2020.
4- Approval of the Audit Committee’s recommendation on the appointment of Suleiman Abdulla Al-Kharashi Co. (Al-Kharashi and Partners Certified Public Accountants) from among nominees to review and audit the second, third quarters and fourth and annual financial statements, of the fiscal year 2021, and the first quarter of the fiscal year 2022, and determining of their remuneration.
5- Disapproval of releasing the Board of Directors’ members from liability for the fiscal year ending on 31/12/2020.