Zamil Industrial convened its ordinary general assembly a session held Saturday, 13 April 2013, at Zamil Air Conditioners Auditorium. The session was held to discuss items on agenda in the presence of members of the Board of Directors, shareholders, a delegate from the Ministry of Commerce & Industry and a delegate from the Capital Market Authority.
The quorum for the meeting was 64.23%. Majority if the Shareholders agreed to the proposed agenda items and took the following actions:
1. Approve the Board of Directors' report for the year 2012;
2. Approve Zamil Industrial final accounts and auditors report for the fiscal year ending 31 December 2012;
3. Agree to hold the Board of Directors free from any liabilities for the fiscal year ending 31 December 2012;
4. Approve the Board's recommendation for the distribution of second half 2012 dividends at SAR 0.75 per share which represents 7.5 percent of paid-up capital, in addition to previously distributed first half 2012 at SAR 0.75 per share. This brings the total distribution for the year ending 31/12/2012 to SAR 1.50 per share representing 15% of paid-up capital. Dividends eligibility will be for shareholders registered at the close of trading on the general assembly date. Dividend distribution will be effective 27/04/2013 by means of transfer through the Banque Saudi Fransi;
5. Approve distribution of SAR 1,800,000 as Board Remuneration for the year ending 31/12/2012 at SAR 200,000 per Board Director.
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