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GACO

24 June, 2025 08:54

Al Gassim Investment Holding Co. Announces the Results of the Ordinary General Assembly Meeting (Second Meeting)

Element ListExplanation
Introduction Al Gassim Investment Holding Company announces the results of the Ordinary General Assembly meeting (second meeting) which was held at 07:30 pm on Monday 27 Dhul Hajjah 1446 corresponding to June 23, 2025 through modern technical means (remote).
City and Location of the General Assembly's Meeting In the Company's Head Office, modern technical through Buraidah,using Tadawulati (remote) means . website
Date of the General Assembly's Meeting 2025-06-23 Corresponding to 1446-12-27
Time of the General Assembly’s Meeting 19:30
Percentage of Attending Shareholders 5,1316%
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- Mr. Mr.Ahmed Sulaiman Almuzaini -Chairman of Board of Director. 2-Mr. Rasheed Sulaiman Alrasheed (BOD Deputy Chairman). 3-Mr. Bader Hamad Alkadi. 4- Mr. Abdulrahman Saleh Alhudheif 5-Mr. Waleed Khalid Al Qosaibi 6-Dr.Faisal Abdulkarim Alkhamis.
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf 1-Mr. Rasheed Sulaiman Alrasheed- Audit Committee Chairman. 2- Dr.Faisal Abdulkarim Alkhamis. Investment Committee Chairman. 3- Mr. Waleed Khalid Al Qosaibi - Remuneration and Nomination Committee Chairman.
Voting Results on the Items of the General Assembly's Meeting Agenda's The results of voting on the assembly's agenda were as follows: 1-The Board of Directors report for the fiscal year ended 31 December 2024 have been reviewed and discussed. 2-Approval of the Auditor's report for the fiscal year ended 31 December 2024 after discussing it. 3-The financial statements for the fiscal year ended 31 December 2024 have been reviewed and discussed. 4-Not approval to appoint of an external auditor from among the candidates based on the audit committee’s recommendation to examine, review and audit the Company's financial statements for the second, third quarters and the annual of the fiscal year 2025 and the first quarter of the fiscal year 2026 and determine their fees. 5-Not approval of disbursement of SR (1,050,000) one million fifty thousand Saudi Riyal to the Board & Committee Members as a lump sum remuneration for the year 2024. 6-Approval of amendment of the audit committee work regulation. 7-Not approval of amendment of the remuneration and nomination committee work regulation. 8-Not approval of amendment of the remuneration policy for members of the Board of Directors, the committees emanating therefrom, and the executive management.

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