Mayar Holding Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | Mayar Company is pleased to announce to its esteemed shareholders the results of the Ordinary General Assembly meeting (first meeting), which was held at 19:00 on Wednesday, 5/11/2025, corresponding to 14/05/1447 , via modern technology. |
| City and Location of the General Assembly's Meeting | Via modern technology. |
| Date of the General Assembly's Meeting | 2025-11-05 Corresponding to 1447-05-14 |
| Time of the General Assembly’s Meeting | 19:00 |
| Percentage of Attending Shareholders | %86.48 |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | 1-Eng. Thamer Abdullah M AlRayes -Chairman.
2-Eng. Mohammad Abdullah M Al Rayes-Vice Chairman. 3-Eng. AbdulMajeed Abdulmohsen Alshaikh - Board Member & CEO. 4-Eng. Mohammed Abdulmohsen Alshaikh -Board Member 5-Eng. Tarek Abdullah H. Al Rrumaim - Board Member. 6-Mr. Raeed Abduallah Aljalajel- Board member
Absent members None. |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1. Eng. Thamer Abdullah Mohammed AlRayes - Chairman of the Investment and Executive Committee.
2. Eng. Tarek Abduallah Alramim -Audit Committee. 3. Eng. Mohammed Abdulmohsen Alshaikh - Chairman of the Remuneration and Nomination Committee. |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | First: Approve on election the Board members among the candidates for the next term, starting from 21-11-2025G, for a term of Four years, ending on 20-11-2029G and they are the following:
(1) Eng. Thamer Abdullah Mohammed AlRayes. (2) Eng. AbdulMajeed Abdulmohsen Alshaikh. (3) Eng. Turki Abdullah Mohammed AlRayes. (4) Eng. Mohammed Abdulmohsen Alshaikh. (5 Mr. Ahmed Zaki Mohammed Alfraih. (6) Mr. Raeed Abdullah AlJalajel.
Second: Approved on delegating to the Elected Board of Directors the authority of the Ordinary General Assembly with the authorization contained in Paragraph (1) of Article Twenty-Seven of the Companies Law, for a period of one year from the date of approval by the General Assembly or until the end of the session of the elected Board of Directors, whichever comes first, in accordance with the conditions contained in the executive regulations of the Private companies of listed joint stock companies Law.
Third: Approved on the Board of Directors’ decision to appoint Mr. Raeed bin Abdullah AlJalajel as a member of the Board of Directors (independent member) starting from the date of his appointment on June 22, 2025 to complete the current Board term which ends on November 20, 2025 in succession to the resigned Board Member Mr. Abdullah bin Abdulaziz Al-Suwailem (independent member). |
| Additional Information | N/A |
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