| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the Saudi Industrial Export Company (Sadirat) is pleased to announce the results of the Ordinary General Assembly (second meeting) held on Sunday evening 27/11/1446 AH corresponding to 25/05/2025 AD at (08:00) PM via modern technology using the Tadawulaty system (www.tadawulaty.com.sa), where the legal quorum for the second meeting was completed with an attendance rate of 15.68%, as the legal quorum for the second meeting is the attendance of any number of the company’s shares. |
| City and Location of the General Assembly's Meeting | The company's headquarters - Riyadh - Al-Ghadeer District, King Abdul Aziz Road (through modern technology) |
| Date of the General Assembly's Meeting | 2025-05-25 Corresponding to 1446-11-27 |
| Time of the General Assembly’s Meeting | 20:00 |
| Percentage of Attending Shareholders | 15.68% |
| 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 General Assembly meeting: |
1. Eng. Hatem Hamad Al-Suhaibani (Chairman of the Board)
2. Mr. Ahmed Mohammed Al-Arini (Vice Chairman of the Board)
3. Mr. Salman Mohammed Al-Suhaibani - Board Member
4. Mr. Khaled Abdullah Al-Dhubaib - Board Member
5. Mr. Ali Saleh Al-Humaidan - Board Member
6. Mr. Ghassan Abdul Rahman Al-Haidari - Board Member - Managing Director
7. Eng. Badr Hassan Al-Othman - Board Member
Absent Board Members from the General Assembly:
1. Mr. Amer Abdullah Al-Ghofaili - Board Member (Did not attend)
1. Eng. Hatem Hamad Al-Suhaibani - Chairman of the Executive and Investment Committee
2. Mr. Salman Mohammed Al-Suhaibani - Chairman of the Audit Committee
3. Mr. Ahmed Mohammed Al-Arini - Chairman of the Nominations and Remuneration Committee
Second Item: Approval and discussion of the company’s auditor’s report for the fiscal year ending December 31, 2024.
Third Item: The financial statements for the fiscal year ending December 31, 2024 have been reviewed and discussed.
Fourth Item: Approval of the appointment of Mr. Al-Sayed Al-Ayouti & Partners, a member of Moore, as the company’s auditor from among the candidates based on the recommendation of the Audit Committee, to examine, review and audit the financial statements for the second, third and annual quarters of the fiscal year 2025 and the first quarter of 2026, for a fee of 495,000 Saudi Riyals (four hundred and ninety-five thousand Saudi Riyals only).
Fifth Item: Approval of the Board of Directors’ decision to appoint (Amer bin Abdullah Al-Ghofaili) as an independent member of the Board of Directors, starting from the date of his appointment on 17/10/2024 AD, to complete the Board’s term until the end of the current term on 15/06/2025 AD, succeeding the resigned member (Sulaiman bin Hamad Al-Jedaie - Executive Member).
Sixth Item: Approval of the election of the Board of Directors from among the candidates for the next session, which begins on 16/06/2025 AD and lasts for three calendar years, ending on 15/06/2028 AD, as follows:
1. Eissa Fathadeen Eissa Aqeeli.
2. Hatim Ali Talib Barajjash.
3. Ghassan Abdulrahman Al Haidari.
4. Ali Saleh Al Humaidan.
5. Saleh Ghodaier Al Rashaid.
6. Bader Hasan Al Othman.
7. Amer Abdullah Al Ghofaili.
8. Khalid Sulaiman Al Nuwaisser.
Seventh Item: Approval of the strategy update for the Saudi Industrial Exports Company.
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