Fitaihi Holding Group announces the results of the General Assembly Meeting (First Meeting)
| ELEMENT LIST | EXPLANATION |
|---|---|
| Introduction | Fitaihi Holding Group is pleased to announce the results of the Ordinary General Assembly Meeting (First Meeting). |
| City and Location of the General Assembly’s Meeting | The GA Meeting was held remotely from the Headquarters of the Company in Jeddah through means of modern technology. |
| Date of the General Assembly’s Meeting | 2021-04-28 Corresponding to 1442-09-16 |
| Time of the General Assembly’s Meeting | 21:30 |
| Percentage of Attending Shareholders | 48.65375% |
| Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees | The meeting was attended by the following directors of the board:1)- Dr. Ibrahim Al-Madhoun – Vice-Chairman – Head of Meeting 2)- Shk. Ahmed H. Fitaihi – Chairman 3)- Dr. Adnan Soufi 4)- Dr. Suhail Qadi 5)- Eng. Abdulmalik A. Fathaddin 6)- Mr. Omar Riyadh Al-Humaidan 7)- Mrs. Bayan Adem M. Fakieh The meeting was attended by the CEO Mr. Yasser Yehia, in addition to the external Member of Audit Committee Mr. Uthamn Riyadh Al-Humaidan. |
| Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their Behalf | The meeting was attended by the following heads of the board committees: 1)- Shk. Ahmed H. Fitaihi – Head of Investment Committee 2)- Dr. Ibrahim Al-Madhoun – Head of Risk Management Committee 3)- Dr. Adnan Soufi – Head of Audit Committee 4)- Dr. Suhail Qadi – Head of Nomination and Remuneration Committee |
| Voting Results on the Items of the General Assembly’s Meeting Agenda’s | 1) – Approval on the Board of Directors’ Report for the fiscal year ending on 31/12/2020. 2) – Approval on the Auditor’s Report for the fiscal year ending on 31/12/2020. 3) – Approval on the Consolidated Financial Statements for the fiscal year ending on 31/12/2020. 4) – Approval on discharging the members of the Board of Directors from their liabilities pertaining to their management of the Company for the fiscal year ending on 31/12/2020. 5) – Approval on delegating the Board of Directors to distribute interim dividends on a biannual/quarterly basis for the fiscal year 2021. 6)- Approval on delegating to the Board of Directors the authorization powers of the General Assembly stipulated in paragraph (1) of Article 71 of the Companies Law, for a period of one year starting from the date of the approval by the General Assembly or until the end of the delegated Board of Directors’ term, whichever is earlier, in accordance with the conditions set forth in the Regulatory Rules and Procedures issued pursuant to the Companies Law relating to Listed Joint Stock Companies. 7)- Approval on the resolution of the Board of Directors of Fitaihi Holding Group to appoint Mrs. Bayan Adel Mohammed Fakieh, as a (Non-Executive) member of the Board of Directors, starting from 25-10-2020, to complete the Board term until the end of the current tenure on 21-04-2022, succeeding the former (Executive) Board Member, Dr. Mohammed Ahmed Hassan Fitaihi. |
