| Element List | Explanation |
|---|---|
| Introduction | Fawaz Abdulaziz Alhokair Co. (Cenomi Retail) announces the results of the Ordinary General Assembly meeting (First Meeting), which was held at 8:20 pm on Sunday 24/12/1445H corresponding to 30/06/2024G through modern technology. The legal quorum of shareholders representing at least 50% of the share capital was achieved. |
| City and Location of the General Assembly's Meeting | Company Headquarters in Riyadh – by means of modern technology through the use of Tadawulaty platform. |
| Date of the General Assembly's Meeting | 2024-06-30 Corresponding to 1445-12-24 |
| Time of the General Assembly’s Meeting | 20:20 |
| Percentage of Attending Shareholders | 67.76% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The Board Members mentioned below attended the meeting: • Mr. Abdulmajeed Abdulaziz Alhokair • Mr. Abdulrahman Mohammed Alanqari • Mr. Mansour Saad Alajlan • Mr. Abdulmajeed Abdullah Albasri • Mr. Ahmed Saleh Alsultan • Mr. Ahmed Mohammed AlSheikh Meanwhile, the Board Members mentioned below apologized from attending the meeting: • Mr. Fawaz Abdulaziz Alhokair • Mr. Ahmed Badawi Shaheen |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | • Mr. Abdulrahman Mohammed Alanqari (Chairman of Audit Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. Viewing the Board of Directors Report for the fiscal year ended on 31/12/2023, and discuss it. 2. Viewing the Annual audited financial statements for the financial year ended on 31/12/2023, and discuss it. 3. Approve the External Auditor Report for the financial year ended on 31/12/2023 after discussed it. 4. Approve the releasing members of the Board of Directors from liabilities for their performance during the fiscal year ending on 31/12/2023 5. Approve the Paying an amount of 1,650,000 Saudi Riyals as remuneration to the members of the Board of Directors for the fiscal year ended on 31/12/2023 6. Approve the appointment of (BDO) Company’s as external auditor from among the candidates based on the recommendation of the Audit Committee, To examine, Review and audit the financial statements for the second and third quarters as well as the annual financial statements for the fiscal year 2024G, And the first quarter for the fiscal year 2025G, and The total fees as SAR 3.5 Million. 7. Approve the participation of Board Member Abdul Majeed Bin Abdulaziz Al-Hokair in a competing activity. 8. Approve the participation of Board Member Ahmed Bin Saleh AlSultan in a competing activity. 9. Approve the Business dealings and contracts that took place between the Company and Arabian Centers Company in which the following Board members have an indirect interest in: Fawaz Bin Abdulaziz Al-Hokair, Abdul Majeed Bin Abdulaziz Al-Hokair, Abdulmajid Bin Abdullah Albasri and Mohamed Rafiq Mourad. These dealings and contracts relate to real estate rental payments, in the amount of 428,433,452 Saudi Riyals for the fiscal year ended on December 31, 2023. It should also be noted that these transactions are carried out on a commercial basis (there are no preferential terms). 10. Approve the Business dealings and contracts that took place between the Company and Saudi FAS Holding Company in which the following Board members have an indirect interest in: Fawaz Bin Abdulaziz Al-Hokair, Abdul Majeed Bin Abdulaziz Al-Hokair, Abdul Majeed Bin Abdullah Al-Basri. And Mohamed Rafiq Mourad. These dealings and contracts relate to Expenses paid on behalf of Company, bearing in mind that the amount of transactions for the fiscal year ended on December 31, 2023 amounted to 712,497 Saudi Riyals, and it should also be noted that these transactions are carried out on a commercial basis. (There are no preferential terms). 11. Approve the Business dealings and contracts that took place between the Company and Saudi FAS Holding Company in which the following Board members have an indirect interest in: Fawaz Bin Abdulaziz Al-Hokair, Abdul Majeed Bin Abdulaziz Al-Hokair, Abdul Majeed Bin Abdullah Al-Basri and Mohamed Rafiq Mourad. These dealings involved receiving a cash amount of 422,069,175 Saudi Riyals from Saudi FAS Holding Company during the fiscal year ending on December 31, 2023, as a settlement of the due balance. Following this settlement, there is no outstanding receivable balance from Saudi FAS Holding Company as of December 31, 2023. (There are no preferential terms). 12. Approve the Business dealings and contracts that took place between the Company and the Egyptian Centers for Real Estate Development Company in which the following Board members have an indirect interest in: Fawaz Bin Abdulaziz Al-Hokair, Abdul Majeed Bin Abdulaziz Al-Hokair. These dealings and contracts relate to real estate rental payments, in the amount of 2,935,280 Saudi Riyals for the fiscal year ended on December 31, 2023. It should also be noted that these transactions are carried out on a commercial basis (there are no preferential terms). 13. Approve the Business dealings and contracts that took place between the Company and Hagen Ltd in which the following Board members have an indirect interest in: Fawaz Bin Abdulaziz Al-Hokair, Abdul Majeed Bin Abdulaziz Al-Hokair. These dealings and contracts relate to printing and advertising services, in the amount of 2,736,170 Saudi Riyals for the fiscal year ended on December 31, 2023. It should also be noted that these transactions are carried out on a commercial basis (there are no preferential terms). 14. Approve the dealings and contracts relate to services and payments, in the amount of 14,752,626 Saudi Riyals for the fiscal year ended on December 31, 2023. It should also be noted that these transactions are carried out on a commercial basis (there are no preferential terms). |
| Additional Information | For any inquiries, please contact Investor Relations at: Phone: +966114350000 Email: ir.retail@cenomi.com |
