Raydan Food Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Raydan Food Co., a Listed Joint Stock Company, are pleased to invite the shareholders for participate and vote to The Ordinary General Assembly Meeting, (The First Meeting) via Modern Technology scheduled to be held at 20:30 on Sunday 26-06-2022 corresponding to 27-11-1443 |
| City and Location of the General Assembly's Meeting | The company's headquarters in Jeddah, Al-Safa District, Abdullah Al-Sharbatli Street, thru Tadawulaty system |
| URL for the Meeting Location | https://www.tadawulaty.com.sa |
| Date of the General Assembly's Meeting | 2022-06-26 Corresponding to 1443-11-27 |
| Time of the General Assembly's Meeting | 20:30 |
| Attendance Eligibility | Each shareholder who is registered in the company's shareholder register at the Depository Center is entitled to attend the meeting of the Assembly at the end of the trading session preceding the General Assembly meeting, according to the rules and regulation |
| Quorum for Convening the General Assembly's Meeting | The meeting of the Ordinary General Assembly is valid if attended by shareholders representing at least a quarter of the capital, and if the necessary quorum is not available in the first meeting, the second meeting will be held an hour after the end of the period specified for holding the first meeting, and the second meeting will be valid regardless of the number of shares represented in it. |
| General Assembly Meeting Agenda | 1. Voting on the Board Report for the Fiscal Year Ending on 31 December 2021 . |
2. Voting on the Financial Statements for the Fiscal Year Ending on 31 December 2021.
3. Voting on Absolving the Board Members from Liability for the Fiscal Year Ending on 31 December 2021.
4. Voting on the Company's Auditor's Report for the Fiscal Year Ending on 31 December 2021
5. Voting for the appointment of the Company's auditor from among the candidates on the recommendation of the Audit Committee, this is for examining, reviewing and auditing the financial statements for the quarter (second, third) and annual of the fiscal year 2022 AD and the first quarter of the fiscal year 2023 AD and determining its fees.
6. Voting on the business and contracts concluded between the company and (Al-Jonah Sweets and Outside Catering Limited Company) , in which a member of the former Board of Directors (Mishal Awadallah Al-Sulami) has an indirect interest, which are sales and rents in the amount of (2,443,750) riyals, purchases in the amount of (911,614) riyals and expenses paid On behalf of the company in the amount of (2500) riyals and collections from Al-Jonah Sweets Company in the amount of (181,141) riyals for the fiscal year 2021 AD, and there are no preferential terms in the contract. (attached)
7. Voting on the business and contracts concluded between the company and the institution (Farah Concert Hall), in which a member of the former Board of Directors (Mansour Awad Allah Ahmed Al-Sulami) has a direct interest, which is sales amounted to (1,073.245) SR. paid expenses on behalf of (50,000) SR. and collections in the amount of (403,289) SR. for the fiscal year 2021 AD, and there are no preferential terms in the contract. (attached)
8. Voting on delegating to the Board of Directors the authorization powers of the Ordinary General Assembly stipulated in Paragraph (1) of Article (71) of the Companies Law for a period of one (1) year from the date of approval by the General Assembly or until the end of the delegated Board of Directors’ term, whichever is earlier, in accordance with the conditions set in the regulatory rules and procedures issued pursuant to the Companies Law with regard to Listed Joint Stock Companies.
Phone No. 6781177 12 966+
Email. info@raydan.com.sa
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