Addendum to the announcement of Abdullah Alothaim Markets Company (Company) published on Tadawul on 26/03/2017G, in which it invites its shareholders to attend the fifth extraordinary general assembly meeting which will be held on Wednesday 19th of April 2017 correspondent to 22nd Rajab 1438H to at 7:30 PM. In AL Othaim Training Academy located in Eastern Ring Road between exits 14 and 15 Riyadh to discuss its agenda, the Company announces adding a new Agenda of the fifth extraordinary general assembly, which has already been announced, as follows:
1)Voting on contracts and deals to be implemented with related parties and obtaining approval for all for the fiscal next year up to the Annual General Assembly Meeting in 2018G as follows:
a)Leasing , rental and services contracts with different contract terms between the Company and Al Othaim Holding Company with a total amount of SR (3,843,515) as related parties to the Chairman of the Board Mr. Abdullah Saleh ALOthaim and the Board Member Mr. Fahad Abdullah AlOthaim which do not have any preferential terms.
b)Leasing , rental and services contracts with different contract terms between the Company and Abdullah Al Othaim Real Estate Investment and Development Company and its subsidiaries with a total amount of SR (49,787,290) as related parties to the Chairman of the Board Mr. Abdullah Saleh ALOthaim and the Board Member Mr. Fahad Abdullah AlOthaim which do not have any preferential terms.
c)lands Contract for investment between the company and General Organization of Social Insurance with an annual total amount annually of SR (5,562,500) and obtain as related party to the Board member Mr. Bandr Nasser Altamimi (representative of GOSI), which do not have any preferential terms.
2)Voting on the Board of Directors recommendation to sell a commercial center owned by the company located in Hael city, with a total area of (65,110) square meters to a related party with a Chairman of the Board Mr. Abdul Saleh Alothaim and the board member Mr. Fahad Abdullah Al Othaim), to the buyer (Abdullah Al Othaim Real Estate Investment and Development Company( at a selling price of SR (361,265,067) to be paid upon transferring the title deed to the buyer and leasing a Hypermarket store in the abovementioned commercial center to the seller Company with an area of(4,680) square meters at an annual rent of SR (2,059,200) for a period of (20)Gregorian years, and obtaining approval for for the next fiscal year.
3)Voting on the Compensation and Nomination committee charter.
4)Voting on the Compensation policy for the Board of Directors, its committees and the executives managements.
5)Voting on the policies, criteria and procedures of the nomination to the Board of Directors
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