News & Announcements

RAOOM

28 April, 2024 08:29

Raoom Trading Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )

Element List	Explanation
Introduction	Raoom Trading Company announces the results of the Ordinary General Assembly meeting (first meeting), which was held at 06:30 pm on Thursday 10/16/1445 AH corresponding to 04/25/2024 AD via modern technology to discuss and vote on the announced agenda.
City and Location of the General Assembly's Meeting	Al-Qassim - Buraidah through modern technology
Date of the General Assembly's Meeting	2024-04-24 Corresponding to 1445-10-15
Time of the General Assembly’s Meeting	18:30
Percentage of Attending Shareholders	78.90
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	• Mr. Abdulaziz bin Abdullah Al-Humaid (Chairman of the Board of Directors). • Mr. Saleh bin Abdullah Al-Arifi (Vice Chairman of the Board of Directors) • Mr. Badr bin Hamad Al-Qadi. • Mr. Humaid bin Abdullah Al-Humaid.
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf	Chairman of the Audit Committee • Mr. Saleh bin Abdullah Al-Arifi Chairman of the Remuneration and Nominations Committee • Mr. Saleh bin Abdullah Al-Arifi
Voting Results on the Items of the General Assembly's Meeting Agenda's	1) The Board of Directors’ report for the financial year ending on December 31, 2023 was reviewed and discussed. 2) Approval of the company’s auditor’s report for the financial year ending on December 31, 2023 AD after discussing it. 3) The financial statements for the fiscal year ending on December 31, 2023 were reviewed and discussed. 4) Approval to discharge the members of the Board of Directors from their liabilities for the fiscal year ending on December 31, 2023 AD. 5) Approval of the appointment of Bickertley MKM & Co., Chartered Accountants as the company’s auditor from among the candidates based on the recommendation of the Audit Committee; This is to examine and audit the annual financial statements for the fiscal year 2024 AD and examine the financial statements for the third quarter of 2024 AD and the first and second quarters of 2025 AD and determine his fees. 6) Approval of authorizing the Board of Directors to distribute interim cash dividends to shareholders on a semi-annual or quarterly basis for the fiscal year 2024. 7) Approval of the works and contracts concluded between the company and the Chairman of the Board of Directors, Mr. Abdulaziz Abdullah Al-Hamid. These are rental agreements for warehouses and showrooms owned by the Chairman of the Board of Directors. The company rents it for use in its own commercial activities and there are no preferential terms and conditions The total rental value of these warehouses and showrooms during the year 2023 is 2,360,724 Saudi riyals. 8) Approval of the work and contracts concluded between the company and the Chairman of the Board of Directors, Mr. Abdulaziz Abdullah Al-Hamid. These are rental agreements for warehouses and showrooms owned by the Chairman of the Board of Directors. The company rents it for use in its own commercial activities and there are no preferential terms and conditions The total rental value of these warehouses and showrooms during the year 2022 is 2,310,000 Saudi riyals. 9) Approval of the governance regulations 10) Approval of the audit committee’s list 11) Approval on the list of the Remuneration and Nominations Committee 12) Approval of the policy and standards for membership of the Board of Directors 13) Approval of the conflict of interest policy 14) Approval of the remuneration policy for members of the Board of Directors, its committees, and the executive management . 15) Approval to delegate to the Board of Directors the authority of the Ordinary General Assembly with the license 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 delegated Board of Directors, whichever is earlier, in accordance with the conditions stated in the Executive Regulations. The corporate system for listed joint stock companies.

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