Media Center
June 7, 2022| 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 Monday, 7 Dhul Qi’dah 1443 corresponding to June 6, 2022 at 19:00 |
| 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 | 2022-06-06 Corresponding to 1443-11-07 |
| Time of the General Assembly’s Meeting | 19:00 |
| Percentage of Attending Shareholders | 42.15% |
| 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 The following Board members apologize from attend the meeting: – Abdullah Mohammed Al-Hawas – Turki Nasser Al-Dahmesh – 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) |
| Voting Results on the Items of the General Assembly’s Meeting Agenda’s | 1- Approval of the Board of Directors Report for the fiscal year ending on 12-31-2021. 2- Approval of the company’s auditor’s report for the fiscal year ending on 12-31-2021. 3- Approval of the financial statements Consolidated ending on 12-31-2021 . 4- Approval of absolve the members of the Board of Directors from liability for the fiscal year ending on 12-31-2021. 5- Approval of the appointment of allied accountants professional services (RSM) the company’s auditor from among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the financial statements for the second, third, fourth and annual quarters of 2022 AD and the first quarter of 2023 AD and determine his fees. 6- Approval of disbursing an amount of 1050000 riyals as a reward to the members of the Board of Directors for the fiscal year ending on 12-31-2021 7- Approval of Board Nomination and Remuneration Committee Charter. 8- Approval of policies and standards of the membership of the company. |
| 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
