| Element List | Explanation |
|---|---|
| Introduction | The Board of Director of Al-Jouf Agricultural Development Company is pleased to announce the results of the 38th Ordinary General Assembly meeting (First meeting) which held at 6:30 pm on Thursday,27-06-2024G ,after the quorum for the validity of the meeting of the Assembly is present in accordance with the Company's Articles of Association. |
| City and Location of the General Assembly's Meeting | The General Assembly Meeting was held remotely via modern technology |
| Date of the General Assembly's Meeting | 2024-06-27 Corresponding to 1445-12-21 |
| Time of the General Assembly’s Meeting | 18:30 |
| Percentage of Attending Shareholders | 26.89% |
| 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 meeting: |
Eng. Badr Bin Hamed Al-Awjan (Chairman)
Dr. Rasheed Bin Rashed Bin Saad Bin Owain (Vice Chairman)
Mr. Mohammed Ahmed Yaseen Alshaikh.
Mr. Miqad Bin Abdullah Bin Abdulmohsen Alkhamis
Mr. Turki Abdullah Al-jawini
Mr. Omar Riyad Mohammad AL- humaidan
Mr. Ali Riyad Mohammad AL- humaidan
The meeting was attended by CEO - Eng. Mazen Bin Abdullah Bin Mohammad Badawood
1- Eng. Badr Bin Hamed Al-Awjan (Chairman of the Executive committee)
2- Mr. Mohammed Ahmed Yaseen Alshaikh. (Chairman of the Audit Committee)
2- Mr. Miqad Bin Abdullah Bin Abdulmohsen Alkhamis (Chairman of the Nomination and Remuneration Committee)
2- Reviewed and discussed the Financial Statements for the fiscal year ended on 31-12-2023.
3- Approval of the company's auditor's report for the fiscal year ending on 31-12-2023 after discussion.
4- Approval of the appointing of Dr. Mohamed Al-Amri & Co (BDO), with fees (400,000) Saudi riyals, excluding VAT, from among the candidates based on the audit committee’s recommendation to examine, review, and audit the financial statements for the second and third quarter and annual for the fiscal year 2024 and the first quarter of the fiscal year 2025.
5- Approval of releasing Board of Directors members from liability for the fiscal year ending on 31-12-2023.
6- Approval of the authorizing the Board of Directors to distribute interim dividends on an annual or quarterly manner for the fiscal year 2024.
7- Approval of the business and contracts that took place between the company and Abdullah Al-Othaim Markets Company, in which the Chairman of the Board of Directors Eng. Bader bin Hamed bin Abdul Razzaq Al-Aujan has an indirect interest, which are commercial transactions carried out in accordance with market conditions during 2023, sales of olive oil and pickles at an amount of 27,528,462 Saudi riyals.
8- Approval of delegating the Board of Directors to the authority of the Ordinary General Assembly with the authorization contained in Paragraph (1) of Article 27 of the Companies Law, for a period of one year from the date of approval of the General Assembly or until the end of the delegated Board of Directors’ session, whichever is earlier, in accordance with the conditions set forth in the issued in Executive Regulations of the Companies Law for Listed Joint Stock Companies
9- Approval of the amendment of the policy of remuneration of the members of the Board of Directors, its committees and senior executives.
10- Approval of amending the policy of nominating members of the Board of Directors and the committees emanating from it.
11- Approval of the social responsibility policy.
12- Approval of the competition standards policy.
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