Alwasail Industrial Co. Announces the Results of the 11th Extraordinary General Assembly Meeting (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Alwasail Industrial Company is pleased to announce the results of the 11th extraordinary general assembly (first meeting) via modern technology at 6:30 PM on Monday 20-12-1446 AH corresponding to 16-06-2025 AD, after the legal quorum for the validity of the assembly meeting was achieved. |
| City and Location of the General Assembly's Meeting | AlQassim- Burayadh- The head office of the company -
By means of modern technology |
| Date of the General Assembly's Meeting | 2025-06-16 Corresponding to 1446-12-20 |
| Time of the General Assembly’s Meeting | 18:30 |
| Percentage of Attending Shareholders | 63.41 % |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | 1- Dr. Abdulrahman Abdullah Almushayqih (Chairman)
2- Mr. Saleh Abdullah Almushekih (Vice Chairman) 3- Mr. Naser Abdullah Almushayqih (Board member) 4- Mr. Abdulaziz Abdullah Almushayqih (Board member) 5- Mr. Abdulqader Abdullah Almushayqih (Board member) 6- Dr. Khalid Abdulaziz Alsharidah (Board member) 7- Mr. Mosaed Sulaiman Alohali (Board member) 8- Mr. Ibrahim Saeed Almubarak (Board member) 9- Mr. Rakan Mohammed Abunayyan (Board member) |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1- Ibrahim Saeed Almubarak - Chairman of the Audit Committee.
2- Dr. Khalid Abdulaziz Alsharidah - Chairman of the Nominations and Remuneration Committee. 3- Mr. Rakan Mohammed Abunayyan - Chairman of the Investment Committee. |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. Approval of the amendment to Article (3) of the Company's Articles of Association, relating to (the Company's Purposes).
2. Approval of the amendment to Article (30) of the Company's Articles of Association, relating to (the Quorum of the Ordinary General Assembly). 3. Approval of the amendment to Article (31) of the Company's Articles of Association, relating to (the Quorum of the Extraordinary General Assembly). 4. Approval of the amendment to the Audit Committee's Bylaws. 5. Approval of the amendment to the Remuneration and Nominations Committee's Bylaws. 6. Approval of the amendment to the Governance Bylaws. 7. Approval of the amendment to the Board of Directors' Bylaws. 8. Approval of the amendment to the Conflict of Interest Regulation and Competition Standards Policy. 9. Approval of the amendment to the Remuneration Policy for Board Members, Subsidiary Committees, and Executive Management. 10. Approval of the amendment to the Competition Controls and Standards Policy. |
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