| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Raydan Food Company is pleased to announce the results of the Ordinary General Assembly meeting (the first meeting), which was held yesterday, Tuesday,19-11-1442, corresponding to 29-06-2021, at 07:30 pm. By means of modern technology using a trading system, where the attendance rate was 34.16% |
| City and Location of the General Assembly's Meeting | The Ordinary General Assembly Meeting was held remotely and through modern technology. |
| Date of the General Assembly's Meeting | 2021-06-29 Corresponding to 1442-11-19 |
| Time of the General Assembly's Meeting | 19:30 |
| Percentage of Attending Shareholders | Attendance Percent 34.16% |
| 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- Mr. Awadallah Ahmed Alsulami - The Chairman
2- Mr. Nasser Awadallah Alsulami - Vice Chairman
3- Mr. Mansour Awadallah Alsulami - Managing Director & Board Member
4- Mr. Meshal Awadallah Alsulami - Board Member
5- Mr. Khaled Awadallah Alsulami -Board Member
6- Mr. Saud Saeed Alojifi - Board Member
7- Mr. Hasan Shaker Alsahafi - Board Member
8- Mr. Abdulraowf Alsadiq Alkaidi - Board Member
2- Dr. Fozan Abdullah Alharthy ( CEO & Chairman of Executive Committee)
3- Mr. Fahad Nasser Alsulami (Chairman of the Governance and Risk Committee)
2. Approval of the financial statements for the fiscal year ending on 131/12/2020 .
3. Approving on the discharge of the board of directors Member's liability for the fiscal year 31/12/2020 .
4. Approval of the company’s auditor’s report for the fiscal year ending on 31/12/2020 .
5. Approving to appoint Beker Tilly MKM Chartered Accountants Office, among the candidates based on the recommendation of the Audit committee as the company’s auditor to examine, review and audit the financial statements for the second, third and Fourth quarter of the fiscal year 2021 and the first quarter of fiscal year 2022,determining the fees.
6. Approving on the decision of the Board of Directors’ decision to appoint (Mr. Yasser Hussein Omar Balkhi – independent member) as a member of the Audit Committee, starting from 06/06/2021 until the end of the current committee’s work period on 21/04/2022, in place of the previous committee member (Zaher Fadl Al-Sayed Al-Dabi - independent member) provided that the appointment will take effect from the date of the decision issued on 01/06/2021, and this appointment comes in accordance with the work regulations of the Audit Committee.
7. Approving on the remuneration policy of the Board of Directors, the committees emanating from the Board and the Executive Management .
8. Approving on the business and contracts concluded between the company and (Al-Qalzam Distinguished Seafood Company) in which a member of the Board of Directors (Nasser Awadallah Ahmad Al-Sulami) has an indirect interest, and they are collections from amounted to (34,259) SR., for the fiscal year 2020 - without any preferential conditions.
9. Approving on the business and contracts concluded between the company and (Al-Jonah Sweets and Outside Catering Limited Company) , in which a member of the Board of Directors (Mishal Awadallah Al-Sulami) has an indirect interest, which are sales and rents in the amount of (2,732,382) SR., purchases in the amount of (507,171) SR., and expenses paid in the amount of (2,732,382) SR. (9,630) SR. and collections from Al-Jonah Sweets Company in the amount of (513,407) SR., for the fiscal year 2020 - without any preferential conditions.
10. Approving on the business and contracts concluded between the company and the institution (Farah Party Hall) in which a member of the Board of Directors (Mansour Awadallah Ahmed Al-Sulami) has a direct interest, which are sales and expenses paid on behalf of (2,313,408) SR. and collections in the amount of (6,840,825) SR. for the fiscal year 2020 - without any preferential conditions.
11. Approving on the business and contracts that took place between the company and (Khaled Awadallah Ahmed Al-Sulami Trading Corporation - Sole Proprietorship) in which a member of the Board of Directors (Khaled Awadallah Ahmad Al-Sulami) has a direct interest, which is a payment to the Khaled Al-Sulami Trading Corporation amounting to (174,744) SR., for the fiscal year 2020 - without any preferential conditions.
12. Approving on the business and contracts that took place between the company and (Kebab and Kebda Municipal Restaurant - Sole Proprietorship) in which a member of the Board of Directors (Mansour Awadallah Ahmad Al-Sulami) has a direct interest, which are collections from the Municipal Kebab and Kebda Restaurant amounted to (175,164) SR., for the fiscal year 2020 - without any preferential conditions.
13. Approving on the business and contracts concluded between the company and (Mr. Mansour Awadallah Ahmed Al-Sulami) a direct interest in them, which are rents in the amount of (174,000) SR. and payment of an amount of (108,209) SR, for the fiscal year 2020 - without any preferential conditions.
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.