| Element List | Explanation |
|---|---|
| Introduction | Thimar Development Holding Co. announces the results of the General Assembly Meeting (the First Meeting), which was held on Tuesday at 6:30 pm on 18-1-1444 AH corresponding to 16-8-2022, in the presence and through modern technology means, after completing the quorum |
| City and Location of the General Assembly's Meeting | Riyadh - Crown Hotel and through Means of Modern Technology |
| Date of the General Assembly's Meeting | 2022-08-16 Corresponding to 1444-01-18 |
| Time of the General Assembly's Meeting | 18:30 |
| Percentage of Attending Shareholders | 26.29% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following members of the board of directors attended the meeting: |
1- Abdullah Odeh Suleiman Alenzi (Chairman)
2- Khaled Asaad Taqi Khashoggi (Vice Chairman)
3- Malafi Manahi Malaf Almarzuqi (Managing Director)
4- Mohammmed Abdel-Wahhab Alskeet
5- Ibrahim Abdul-Kareem Al-Maayouf
6- Waleed Abduaziz Alshouair
The following members of the Board of Directors may be absent from attendance:
1- Sari Ibrahim Al-Maayouf
2. Mohammmed Abdel-Wahhab Alskeet (Chairman of the Remuneration and Nominations Committee)
3. Abdullah Odeh Suleiman Alenzi (Chairman of the Executive Committee)
2- Approving the financial statements for the fiscal year ending on 31-12-2019 G.
3- Approving the auditor’s report on the Company’s accounts for the fiscal year ending on 31-12-2019 G.
4- Approving the Board of Directors' report for the fiscal year ending on 31-12-2020 G.
5- Approving the financial statements for the fiscal year ending on 31-12-2020 G.
6- Approving the auditor’s report on the Company’s accounts for the fiscal year ending on 31-12-2020 G.
7- Approving to appoint Osama A. El Khereiji & Partener Co. as the auditor for the Company from among the candidates based on the Audit Committee's recommendation. The appointed auditor shall examine, review and audit the second, third and annual financial statements, of the fiscal year 2022 G, and the first quarter of the fiscal year 2023 G, and the determination of the auditor remuneration.
8- Approving the Board of Directors’ decision to appoint Eng. Walid Abdulaziz Al-Showair as an (independent) member of the Board of Directors starting from the date of February 14, 2022, to complete the Board’s session until its end date on May 13, 2023, in replacement to the resigned member Mr. Ibrahim Muhammad Al-Shabib - Independent Member.
9- Approving the Board of Directors’ decision to appoint Eng. Walid Abdulaziz Al-Showair, (independent member) to the Audit Committee, starting from May 31, 2022, to complete the Board’s term until its end date on May 13, 2023, in replacement of the resigned member, Mr. Abdulaziz Aujan Al-Rashidi - Independent Member.
10- Approving amendments to the policies, standards and procedures for membership in the Board of Directors.
11- Approving amendments to the list of remunerations for members of the board of directors, sub-committees and executive management.
12- Approving the amendment of the company’s corporate governance.
13- Approving to dismiss two members of the current board of directors based on the request submitted by some of the company's shareholders who own shares of more than 5% of the company's capital. The two members are:
- Mr. Ibrahim Abdul Karim Al-Mayouf (Non-Executive)
- Mr. Sari Ibrahim Al-Mayouf (Non-Executive).
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.