Alamar Foods Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Alamar Foods Company is pleased to invite the honorable shareholders to participate and vote in the Extraordinary General Assembly meeting (First Meeting), which is scheduled to be held through modern technology, Allah willing, at 20:30 on Sunday 24/12/1445 AH corresponding to 30/06/2024G. |
| City and Location of the General Assembly's Meeting | Riyadh - Head Office - By Means of Modern Technology |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-06-30 Corresponding to 1445-12-24 |
| Time of the General Assembly’s Meeting | 20:30 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee. |
| Quorum for Convening the General Assembly's Meeting | As per article No. (36) of the company’s bylaws, the Extraordinary general assembly meeting is valid if attended by shareholders representing at least half (1/2) of the share capital. |
| General Assembly Meeting Agenda | 1. Viewing and discussing the Board of Directors Report for the fiscal year ending on 31/12/2023G. 2. Vote for the External Auditors’ Report for the fiscal year ending on 31/12/2023G after discussing the report. 3. Viewing and discussing the Company’s annual financial statements for the financial year ended on 31/12/2023G. 4. Vote for the appointment of the Company's auditors from the candidates based on the recommendation of the Audit Committee, in order to examine, review, and audit the financial statements for the second and third quarters and annually of the fiscal year 2024G, and the first quarter of 2025G and determine their fees. 5. Voting on the Board of Directors’ remuneration of 1,708,333 for the year ended on 31/12/2023G. 6. Voting on releasing liability of the board members for the year ended on 31/12/2023G. 7. Vote on the approval of delegation to the Board to distribute interim dividends quarterly/bi-annually for the year 2024. 8. Vote to approve the re-assignment of SAR 21,658,309 from the statutory reserve balance amounted SAR 25,766,788 as on the financial statements ending on 31/12/2023G to the retained earnings balance. 9. Voting on the business and contracts between the Company and Abdulaziz Ibrahim AlJammaz & Brothers Company whereas Mr. Ibrahim Abdulaziz AlJammaz and Mr. Asim Saud AlJammaz have an indirect interest. The business is related to payments and collections in net, noting that the value of transactions in 2023G is worth 600 Saudi Riyals. Dealings are based on a commercial basis without preferential terms. 10. Voting on the business and contracts between the Company and Abdulaziz Ibrahim AlJammaz & Brothers Company whereas Mr. Ibrahim Abdulaziz AlJammaz and Mr. Asim Saud AlJammaz have an indirect interest. The business is related to dividends distribution, noting that the value of transactions in 2023G is worth 39,526,200 Saudi Riyals. Dealings are based on a commercial basis without preferential terms. 11. Voting on the business and contracts between the Company and Kasual Plus Limited Liability Company whereas Mr. Ibrahim Abdulaziz AlJammaz has an indirect interest. The business is related to revenues, noting that the value of transactions in 2023G is worth 3,450 Saudi Riyals. Dealings are based on a commercial basis without preferential terms. 12. Voting on the business and contracts between the Company and Kasual Plus Limited Liability Company whereas Mr. Ibrahim Abdulaziz AlJammaz has an indirect interest. The business is related to payments and collections in net, noting that the value of transactions in 2023G is worth 14,143 Saudi Riyals. Dealings are based on a commercial basis without preferential terms. 13. Voting on the business and contracts between the Company and Kasual Plus Limited Liability Company whereas Mr. Ibrahim Abdulaziz AlJammaz has an indirect interest. The business is related to expenses paid on behlaf, noting that the value of transactions in 2023G is worth 16,991 Saudi Riyals. Dealings are based on a commercial basis without preferential terms. 14. Voting on the business and contracts between the Company and Alamar Foods W.L.L – Oman whereas Mr. Ibrahim Abdulaziz AlJammaz has an indirect interest. The business is related to revenues, noting that the value of transactions in 2023G is worth 3,232,802 Saudi Riyals. Dealings are based on a commercial basis without preferential terms. 15. Voting on the business and contracts between the Company and Alamar Foods W.L.L – Oman whereas Mr. Ibrahim Abdulaziz AlJammaz has an indirect interest. The business is related to purchases and expenses, noting that the value of transactions in 2023G is worth 303,804 Saudi Riyals. Dealings are based on a commercial basis without preferential terms. 16. Voting on the business and contracts between the Company and Alamar Foods W.L.L – Oman whereas Mr. Ibrahim Abdulaziz AlJammaz has an indirect interest. The business is related to payments and collections in net, noting that the value of transactions in 2023G is worth 2,009,840 Saudi Riyals. Dealings are based on a commercial basis without preferential terms. 17. Voting on the business and contracts between the Company and Alamar Foods W.L.L – Oman whereas Mr. Ibrahim Abdulaziz AlJammaz has an indirect interest. The business is related to expenses paid on behalf, noting that the value of transactions in 2023G is worth 83,077 Saudi Riyals. Dealings are based on a commercial basis without preferential terms. 18. Voting on the business and contracts between the Company and Olaya Real Estate Investment whereas Mr. Ibrahim Abdulaziz AlJammaz has an indirect interest. The business is related to purchases and expenses, noting that the value of transactions in 2023G is worth 149,926 Saudi Riyals. Dealings are based on a commercial basis without preferential terms. 19. Voting on the business and contracts between the Company and Olaya Real Estate Investment whereas Mr. Ibrahim Abdulaziz AlJammaz has an indirect interest. The business is related to payments and collections in net, noting that the value of transactions in 2023G is worth 32,088 Saudi Riyals. Dealings are based on a commercial basis without preferential terms. 20. Voting on the business and contracts between the Company and Olaya Real Estate Investment whereas Mr. Ibrahim Abdulaziz AlJammaz has an indirect interest. The business is related to expenses paid on behalf, noting that the value of transactions in 2023G is worth 38,450 Saudi Riyals. Dealings are based on a commercial basis without preferential terms. 21. Voting on the business and contracts between the Company and the heirs of Abdulaziz Ibrahim AlJammaz whereas Mr. Ibrahim Abdulaziz AlJammaz has a direct interest. The business is related to purchases and expenses, noting that the value of transactions in 2023G is worth 2,349,750 Saudi Riyals. Dealings are based on a commercial basis without preferential terms. 22. Voting on the business and contracts between the Company and the heirs of Abdulaziz Ibrahim AlJammaz whereas Mr. Ibrahim Abdulaziz AlJammaz has a direct interest. The business is related to payments and collections in net, noting that the value of transactions in 2023G is worth1,302,375 Saudi Riyals. Dealings are based on a commercial basis without preferential terms. 23. Voting on the business and contracts between the Company and the heirs of Abdulaziz Ibrahim AlJammaz whereas Mr. Ibrahim Abdulaziz AlJammaz has a direct interest. The business is related to expenses paid on behalf, noting that the value of transactions in 2023G is worth 255,000 Saudi Riyals. Dealings are based on a commercial basis without preferential terms. 24. Voting on the business and contracts between the Company and Abdulaziz & Abdullah AlJammaz for Travel & Tourism Company whereas Mr. Ibrahim Abdulaziz AlJammaz and Mr. Asim Saud AlJammaz have an indirect interest. The business is related to purchases and expenses, noting that the value of transactions in 2023G is worth 478,379 Saudi Riyals. Dealings are based on a commercial basis without preferential terms. 25. Voting on the business and contracts between the Company and Abdulaziz & Abdullah AlJammaz for Travel & Tourism Company whereas Mr. Ibrahim Abdulaziz AlJammaz and Mr. Asim Saud AlJammaz have an indirect interest. The business is related to payments and collections in net, noting that the value of transactions in 2023G is worth 223,350 Saudi Riyals. Dealings are based on a commercial basis without preferential terms. 26. Voting on the business and contracts between the Company and AlJammaz Agriculture whereas Mr. Ibrahim Abdulaziz AlJammaz and Mr. Asim Saud AlJammaz have an indirect interest. The business is related to purchases and expenses, noting that the value of transactions in 2023G is worth 32,294 Saudi Riyals. Dealings are based on a commercial basis without preferential terms. 27. Voting on the business and contracts between the Company and AlJammaz Agriculture whereas Mr. Ibrahim Abdulaziz AlJammaz and Mr. Asim Saud AlJammaz have an indirect interest. The business is related to payments and collections in net, noting that the value of transactions in 2023G is worth 74,700 Saudi Riyals. Dealings are based on a commercial basis without preferential terms. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Honorable shareholders have the right to discuss the topics included in the agenda of the Extraordinary General Assembly and direct questions to the members of the Board of Directors, noting that voting in Tadawulaty services is available free of charge to all shareholders using the following link: https://www.tadawulaty.com.sa/ |
| Details of the electronic voting on the Assembly’s agenda | The shareholders who are registered in Tadawulaty may vote on the items of the General Assembly agenda online starting from 1:00 AM on 20/12/1445 AH corresponding to 26/06/2024G until the end of the Assembly’s Meeting time. Therefore, the Company invites all its shareholders to participate and vote online through Tadawulaty website: www.tadawulaty.com.sa taking into consideration that registration and voting are available in Tadawulaty services free for all shareholders. |
| Method of Communication in Case of Any Enquiries | For any inquiries, please contact Investor Relations at: Telephone: +966 112504747 Fax: +966 112504748 Email: investor.relations@alamar.com |
| Attached Documents | |
Attachments
1717563779_13576_3383_2024-06-05_00-16-38_en.pdf1717563784_13576_3383_2024-06-05_00-17-20_en.pdf
1717563788_13576_3383_2024-06-05_00-17-42_en.pdf
1717563788_13576_3383_2024-06-05_00-20-36_en.pdf
1717563790_13576_3383_2024-06-05_00-38-53_en.pdf
