News & Announcements

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ALHASOOB

24 June, 2025 08:34

Alhasoob Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)

Element List	Explanation
Introduction	The Board of Directors of Alhasoob Trading Company is pleased to announce the results of the Ordinary General Assembly meeting (the first meeting), which was held Monday 27/12/1446 AH - 23/06/2025 AD at 19:30 Through Modern Technology.
City and Location of the General Assembly's Meeting	The Company Head Office in Riyadh – (By means of modern technology)
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	79.41%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	Attendees: - Eng. Hamad Ibrahim Al-Luhaidan (Chairman of the Board of Directors). - Mr. Azzam Abdulaziz Al-Zaben (Vice Chairman). - Eng. Abdullah Muhammad Al-Khuwaiter (Board Member) - Mr. Ali Abdul Karim Al-Luhaidan (Board Member)
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf	Eng. Abdullah Muhammad Al-Khuwaiter(Chairman of Audit Committee)
Voting Results on the Items of the General Assembly's Meeting Agenda's	1- The Board of Directors’ Report for the fiscal year ended on 31/12/2024 AD was reviewed and discussed. 2- Approved the company’s auditor’s report for the financial year ending on 31/12/2024 AD After discussing it 3- the financial statements for the fiscal year ending 31/12/2024 AD was reviewed and discussed. 4- Approved the appointing of Al Kharashi & Co. Certified Accountants 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 period ending on 30 June 2025 and the financial year ending on 31 December 2025 and the total fees SAR 165,000 excluding VAT. 5- Approved discharge of members of the company’s Board of Directors from their liability for the fiscal year ended on 31/12/2024 AD. 6- Approved paying an amount of SAR (130,000) annual remuneration to the members of the Board of Directors for the financial year ended on31/12/2024 AD. 7- Approval of authorizing the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year 2025. 8- Approval of the election of members of the Board of Directors from among the candidates for the next session, which begins, God willing, on 22/07/2025 AD and lasts for three years, ending on 21/07/2028 AD. They are: 1- Mr. Ali Abdul Karim Al-Luhaidan 2- Mr. Azzam Abdulaziz Al-Zaben 3- Eng. Abdullah Mohammed Al-Khuwaiter 4- Eng. Hamad Ibrahim Al-Luhaidan 9- Approval of delegating on authorizing the elected Board of Directors with the authority of the Ordinary General Assembly to authorize the license mentioned 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 term of the authorized Board of Directors, whichever is earlier, in accordance with the conditions contained in the executive regulations of the Companies Law for listed joint-stock companies.

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