| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Development Works Food Co. is pleased to announce the results of the Ordinary General Assembly meeting (the second meeting), which was held at 19:30 on Thursday 17-11-1443 corresponding to 16-06-2022, an hour after the time of the first meeting (which was It is supposed to take place at 18:30) noting that the first meeting did not take place due to the lack of a quorum according to the system (where the attendance rate was 16.06%) and the attendance rate for the second meeting was 17.90%, knowing that according to the company’s articles of association, the second meeting is valid regardless of the number of The shares represented therein. The assembly meeting was chaired by Mr. Anas Salih Al-Amoud, Vice Chairman of the Board of Directors. |
| City and Location of the General Assembly's Meeting | Company's head office - Riyadh |
| Date of the General Assembly's Meeting | 2022-06-16 Corresponding to 1443-11-17 |
| Time of the General Assembly's Meeting | 19:30 |
| Percentage of Attending Shareholders | 17.90% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The meeting was attended by the following Board members: |
- Mr. Ashry Saad Al Ashry - Chairman
- Mr. Anas Salih Al-Amoud - Vice President
- Mr. Ibrahim Nasir Al-Shimamri - Board Member
- Mr. Yazid Khalid Al-Tamimi - Board Member
- Mr. Bashar Abdel Aziz Aba Al-Khail - Board Member
- Mr. Abdullah Khalid Al-Fadli - Board Member
- Mr. Musa Abdullah Al-Fawzan - Head of the Audit Committee
- Mr. Hassan Omar Bakhamis - Audit Committee Member
- Mr. Mohammed Abdullah Al Mubarak - Audit Committee Member
- Mr. Anas Salih Al-Amoud - Audit Committee Member & Head of the Nominations and Remunerations Committee
- Mr. Ibrahim Nasier Al-Shimamri - Nominations and Remunerations Committee Member
- Mr. Yazid Khalid Al-Tamimi - Nominations and Remunerations Committee Member
2) Approval of the report of the Board of Directors for the fiscal year ending on 31-12-2021.
3) Approval of releasing the members of the Board of Directors from liability for the fiscal year ending on 31-12-2021.
4) Approval of the auditor’s report for the fiscal year ending on 31-12-2021.
5) Approval of the report of the Audit Committee for the fiscal year ending on 31-12-2021.
6) Approval of the appointment of Messrs. Al Kharashi & Co., accountants and statutory auditors, as an auditor of the company’s accounts from among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the financial statements for the first, second, third, fourth and annual quarters of the fiscal year 2022 and for the first quarter of 2023, and determine its fees.
7) Approval of the disbursement of an amount of (304,832) SR as a remuneration to the members of the Board of Directors for the fiscal year ending on 31-12-2021.
8) Approval of increasing the number of audit committee seats from (3) to (4) seats, bringing the number of audit committee members to (4) members, by appointing Mr. Anas Salih Al-Amoud as an (independent) member of the audit committee starting from the date of approval by the association until the end of the current committee's work period on 29-10-2024.
9) Approval of the Board of Directors’ decision to appoint Mr. Bashar Abdulaziz Salih Aba Al-Khail as an (independent) member of the Board of Directors starting from the date of his appointment on 21-12-2021 to complete the Board’s session until the end of the current session on 29-10-2024 to succeed the previous member Mr. Abdul Rahman Nasir Al-Asmari - Non-Executive.
10) Approval of the Board of Directors’ decision to appoint Mr. Abdullah Khalid Al-Fadli as an (independent) member of the Board of Directors, according to the order of votes in the election of the current Board of Directors. The current session is on 29-10-2024.
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