| Element List | Explanation |
|---|---|
| Introduction | Raydan Food Co. is Pleased to announce the results of the Ordinary General Assembly Meeting (First Meeting) |
| City and Location of the General Assembly's Meeting | The company's headquarters in Jeddah, - via modern technology |
| Date of the General Assembly's Meeting | 2022-06-26 Corresponding to 1443-11-27 |
| Time of the General Assembly's Meeting | 20:30 |
| Percentage of Attending Shareholders | Attendance Percent 37.57% |
| 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 Ordinary General Assembly Meeting: |
1- Mr. Omar Rabeh Sater Alselami - Chairman of the Board of Directors
2- Mr. Nair Bayan Muhji Alsulami - Vice-Chairman
3- Mr. Mansour Nasser Awadallah Al-Sulami - Managing Director & CEO
4- Mr.Faisal Saad A. Al Subaie
5- Mr.Sultan Mohammed Rashed Al Howymel
1- Mr. Mazen Khalaf Hasan Al-Zayer (Chairman of the Audit Committee)
2- Mr. Nair Bayan Muhji Alsulami (Chairman of the executive committee)
3- Mr.Faisal Saad A. Al Subaie (Chairman of the Governance and risk, Committee )
4- Mr.Sultan Mohammed Rashed Al Howymel (Chairman of the Remuneration and Nomination Committee)
2. Approval of the Financial Statements for the Fiscal Year Ending on 31 December 2021.
3. Approval of Absolving the Board Members from Liability for the Fiscal Year Ending on 31 December 2021.
4. Approval of the Company's Auditor's Report for the fiscal year ending on 31 December 2021
5. Approval of the appointment of Ibrahim Ahmed Albassam & Co. (Albassam & Co.) to be 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. Approval of 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. Approval of 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. Approval of delegating the Board of Directors by the Ordinary General Assembly of its authorization power referred to in Paragraph (1) of Article (71) of the Companies Law, for a year from the date of the Ordinary General Assembly’s approval to the delegation or until the end of the current term of the Board of Directors, whichever is earlier. Such delegation shall be in accordance with the requirements stipulated in the Regulatory Rules and Procedure Issued pursuant to the Companies Law relating to Listed Joint Stock Companies.
In the event of any inquiries, please contact the Company’s through:
Investor Relations Department
Raydan Food Company
Tel: (+966) 12 6781177
Email: info@raydan.com.sa
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