Media Center
May 26, 2021| Element List | Introduction |
| Explanation | The Board of Directors of the Arab Sea Company is pleased to announce the results of the Ordinary General Assembly meeting (the first meeting), which was held on Tuesday, Shawwal 13, 1442 AH, corresponding to May 25, 2021 AD, at 7:30 P.M |
| City and Location of the General Assembly’s Meeting | |
| Explanation | Riyadh-Company’s headquarters – Through the means of modern technology remotely |
| Date of the General Assembly’s Meeting | |
| Explanation | 2021-05-25 Corresponding to 1442-10-13 |
| Time of the General Assembly’s Meeting | |
| Explanation | 19:30 |
| Percentage of Attending Shareholders | |
| Explanation | 37.36% |
| Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees | |
| Explanation |
The Following Board members attend the meeting : – Mohammed Saleh Al-Suhibani (chairman) – Abdul Aziz Mohammed Al-Khalifa (Deputy Chairman) -Haitham Mohammed Al-Suhibani – Ahmed Sulaiman Al-Jasser – Abdullah Mohammed Al-Hawas – Turki Nasser Al-Dahmesh The following Board members apologize from attend the meeting: – Nabil Abdullah Al-Mubarak |
| Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their Behalf | |
| Explanation |
– Ahmed Sulaiman Al-Jasser (Audit Committee Chairman) – Abdullah Mohammed Al-Hawas (Nomination & Compensation Committee Chairman) |
| Voting Results on the Items of the General Assembly’s Meeting Agenda’s | |
| Explanation |
1- Approval of the Board Report for the fiscal year ending 31st December 2020. 2 Approval of the Auditors Report for the fiscal year ending 31st December 2020. 3- Approval of the Financial Statements for the fiscal year ending 31st December 2020. 4- Approval of release Board of Directors members from liability for the fiscal year ending 31st December 2020. 5- Approval of the appointment of Dr. Abdul Qader Banqa and Partners Company the External Auditor of the Company based on the recommendation of the Audit Committee to audit the Financial Statements of the quarter 2 & quarter 3 and quarter 4 and the annual of the fiscal year 2021and quarter 1 of 2022 and to determine their fees. 6- Approval of amend charter of Audit Committee. 7- Approval of the remuneration policy of the Board of Directors, the committees emanating from the Board and the Executive Management. 8- Approval of payment of total SAR (700,000) as remuneration to the members of the Board of Directors for the fiscal year ended on 31 December 2020. |
| Additional Information | |
| Explanation |
To answer your inquiries, please contact the IR Department by phone number 0114964444 Ext. 111 Email: IR@arabsea.com |
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the Arab Sea Company is pleased to announce the results of the Ordinary General Assembly meeting (the first meeting), which was held on Tuesday, Shawwal 13, 1442 AH, corresponding to May 25, 2021 AD, at 7:30 P.M |
| City and Location of the General Assembly’s Meeting | Riyadh-Company’s headquarters – Through the means of modern technology remotely |
| Date of the General Assembly’s Meeting | 2021-05-25 Corresponding to 1442-10-13 |
| Time of the General Assembly’s Meeting | 19:30 |
| Percentage of Attending Shareholders | 37.36% |
| Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees |
The Following Board members attend the meeting : – Mohammed Saleh Al-Suhibani (chairman) – Abdul Aziz Mohammed Al-Khalifa (Deputy Chairman) -Haitham Mohammed Al-Suhibani – Ahmed Sulaiman Al-Jasser – Abdullah Mohammed Al-Hawas – Turki Nasser Al-Dahmesh The following Board members apologize from attend the meeting: – Nabil Abdullah Al-Mubarak |
| Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their Behalf |
– Ahmed Sulaiman Al-Jasser (Audit Committee Chairman) – Abdullah Mohammed Al-Hawas (Nomination & Compensation Committee Chairman) |
| Voting Results on the Items of the General Assembly’s Meeting Agenda’s |
1- Approval of the Board Report for the fiscal year ending 31st December 2020. 2 Approval of the Auditors Report for the fiscal year ending 31st December 2020. 3- Approval of the Financial Statements for the fiscal year ending 31st December 2020. 4- Approval of release Board of Directors members from liability for the fiscal year ending 31st December 2020. 5- Approval of the appointment of Dr. Abdul Qader Banqa and Partners Company the External Auditor of the Company based on the recommendation of the Audit Committee to audit the Financial Statements of the quarter 2 & quarter 3 and quarter 4 and the annual of the fiscal year 2021and quarter 1 of 2022 and to determine their fees. 6- Approval of amend charter of Audit Committee. 7- Approval of the remuneration policy of the Board of Directors, the committees emanating from the Board and the Executive Management. 8- Approval of payment of total SAR (700,000) as remuneration to the members of the Board of Directors for the fiscal year ended on 31 December 2020. |
| Additional Information |
To answer your inquiries, please contact the IR Department by phone number 0114964444 Ext. 111 Email: IR@arabsea.com |
كل عام والسعودية تُعانق السماء مجدًا وطموح وإزدهار اللهم ادم علينا الامن والامان والرخاء واحفظ هذه البلاد وقادتها من كل سوء
