National Gas and Industrialization Co. Announces the Results of the Extraordinary General Assembly Meeting (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the National Gas and Industrialization Company is pleased to announce the results of the Extraordinary General Assembly Meeting (First Meeting) |
| City and Location of the General Assembly's Meeting | Riyadh/ Head Office (remotely and via modern technology means) |
| Date of the General Assembly's Meeting | 2025-11-04 Corresponding to 1447-05-13 |
| Time of the General Assembly’s Meeting | 19:30 |
| Percentage of Attending Shareholders | 52.8 % |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following members of the Board of Directors attended the meeting:
1- Eng. Abdulaziz Fahad Al Khayyal 2- Mr. Ali Mohammed AlSaflan 3- Mr. Ahmed Abdulrahman Al Mohsen 4- Mr. Raed Abdullah Al Tamimi 5- Dr. Saad Abdulaziz Alhoqail 6- Dr. Mohammed Hamad Al Kathiri 7 - Eng. Abdulrahman Abdulaziz bin Sulaiman 8- Mr. Bakr Abdulrahman Al Muhanna 9- Mr. Turki Abdullah Al Jawini The following board members were unable to attend: 1-Mr. Ibrahim Hamad Abdullah AlRashid |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | - Eng. Abdulaziz Fahad Al-Khayyal (Head of Executive Committee)
- Mr. Ahmed Abdulrahman Al Mohsen (Head of Audit Committee) - Mr. Bakr Abdulrahman Al Muhanna (Head of the Investment Committee) - Mr. Raed Abdullah Al-Tamimi (Head of Risk Management Committee) - Mr. Turki Abdullah Al Jawini (Head of the Nominations and Remuneration Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. Approval to convert the company’s legal entity into a holding company.
2. Approval to amend Article (3) of the Company’s Articles of Association related to the company’s objectives. 3. Approval to amend Article (8) of the Company’s Articles of Association related to the management of the company. 4. Approval to elect the members of the Board of Directors for the new term starting from November 29, 2025, for a period of four years ending on November 28, 2029, as follows: 1- Mohammed Abdulkarim Mohammed Alnafea 2- Ahmed Abdulrahamn Abdulaziz Almohsen 3- Mohammed Hamad Rashed AlKathiri 4- Abdulaziz Fahad Abdullah Alkhayyal 5- Abdulrahman Abdulaziz Mohammed Bin Sulaiman 6- Abdulrahman Mohammed Abdulrahman Alrawaf 7- Muhannad Fahad Abdullah Alameel
5. Approval to authorize the Board of Directors for the new term starting on November 29, 2025, to exercise the powers of the Ordinary General Assembly as stipulated in paragraph (1) of Article (27) of the Companies Law, for one year from the date of the General Assembly’s approval or until the end of the delegated Board term, whichever comes first, in accordance with the conditions stated in the Executive Regulations of the Companies Law for Listed Joint Stock Companies. |
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