| Introduction | Saudi Industrial Investment Group (SIIG) announces the results of the Ordinary General Assembly Meeting (First Meeting), which was held at 21:30 on Wednesday 9 Ramadan 1442 corresponding to 21 April 2021 |
| City and Location of the General Assembly’s Meeting | Head Office – Riyadh – Via modern technology (Online platform) |
| Date of the General Assembly’s Meeting | 2021-04-21 Corresponding to 1442-09-09 |
| Time of the General Assembly’s Meeting | 21:30 |
| Percentage of Attending Shareholders | 53.59% |
| 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:1. H.E. Mr. Hamad Saud Alsayyri (Chairman)2. H.E. Mr. Sulaiman Abdulrahman Algwaiz (Vice Chairman)3. Mr.Sulaiman Mohammed Almandeel4. Dr.Abdulrahman Sulaiman Alrajhi5. Mr.Saleh Eid Alhusseini6. Eng. Abdulaziz Saleh Alanbar7. Mr.Adel Abdulaziz Alquraishi8. Mr.Thamer Abdullah Alhumud9. Mr.Abdulrahman Saleh Alismail (CEO) |
| Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their Behalf | 1- H.E. Mr. Hamad Saud Alsayyri (Chairman of Executive Committee).2- H.E. Mr. Sulaiman Abdulrahman Algwaiz (Chairman of Corporate Govrenece Committee).3- Dr. Abdulrahman Sulaiman Alrajhi (Chairman of Audit Committee).4- Eng. Abdulaziz Saleh Alanbar (Chairman of Remuneration and Nomination Committee)5- Mr.Saleh Eid Alhusseini (Chairman of Investment Committee) |
| Voting Results on the Items of the General Assembly’s Meeting Agenda’s | 1. Approved the auditor report on the Company’s financial statements for the fiscal year ending on 31 December 2020.2. Approved the Financial Statements for the fiscal year ending on 31 December 2020.3. Approved the Board of Director’s report for the fiscal year ending on 31 December 2020.4. Approved the discharge of the Board of Directors members for the fiscal year ending 31 December 2020.5. Approved the resolution of the Board of Directors regarding the dividends distributed during 2020, with a total amount of SAR (450) Million at SAR 1 per share, which represents 10% of the par value (Attached).6. Approved the disbursement of SAR (1.8) Million, as remuneration to the Board members for the fiscal year ending on 31 December 2020, SAR (200,000) for each member.7. Approved the Board’s resolution to appoint Mr. Thamer Alhumud (Non-Executive member) as a board member starting from the date of his appointment on 1-6-2020 to complete the Board term until the end of the current term on 30-6-2021, succeeding the former member Mr. Saad Alkethiri (Non-Executive member).8. Approved the Board’s resolution to appoint Dr. Abdulrahman Alrajhi (Independent member) as an Audit Committee member, starting from 14-7-2020 until the end of the current committee’s term on 30-6-2021, to succeed the former committee member Mr. Saad Alkethiri (Non-Executive member), effective from the date of the resolution issued on 14-7-2020. This appointment is in accordance with the Audit Committee Regulations.9. Approved the appointment of PWC as an External Auditor for the Company to review and audit financial statements of the second quarter, third quarter, fourth quarter, and the annual of the fiscal year 2021, and the first quarter of the fiscal year 2022, and determine the fees.10. Approved for the election of the Board members from among the candidates for the next term, commencing from 1-7-2021, for a term of three years, ending on 30-6-2024, they are as follow:- Adel Abdulaziz Alquraishi- Sulaiman Abdulrahman Algwaiz- Bander Sulaiman Alghafees- Thamer Abdullah Alhumud- Farraj Mansour Abothenain- Saad Saleh Alruwaite- Nabil Abdullah Almubarak- Fahad Abdularahman Almaekel- Abdulrahman Sulaiman Alrajhi11. Approved the formation of the Audit Committee, and the definition of its duties, work regulations, and remuneration of its members for the new term starting on 1-7-2021until the end of the term on 30-6-2024. The following are the names of the candidates: Dr. Abdulrahman Alrajhi, Dr. Saad Alrawaita, and Mr. Khaled Alkhwaiter.12. Approved authorizing the Board of Directors to distribute interim dividends, semi-annual or quarterly for the fiscal year 2021 |
