All figures are in thousands of Saudi Riyals
1) Approve the Board of Directors report for the fiscal year ending 31/12/2019;
2) Approve the external auditors’ report for the fiscal year ending 31/12/2019;
3) Approve the consolidated financial statements for the fiscal year ending 31/12/2019;
4) Approve discharging the Board of Directors from any liabilities for the fiscal year ending 31/12/2019;
5) Approve the distribution of SAR 1,600,000 as Board Remuneration for the year ending 31/12/2019 at SAR 200,000 per Board Director;
6) Approve the the appointment of Ernst & Young as the external auditors, as per the recommendation of the Audit Committee, to review and audit the company’s quarterly and annual accounts for the second quarter, third quarter, and annual statements for the year 2020 and the first quarter of 2021 and agree to their service fee;
7) Approve the Intention to Purchase its shares (Share Buyback) with a maximum of 3 million shares and not exceeding 5 percent of total outstanding shares, and with a total value not exceeding 50 million Saudi Riyals; to retain them as Treasury Shares for purposes of stabilizing the fluctuating share price since the Board considers that the share price on the exchange is lower than its fair value; the purchase of these shares will be funded through the company’s internal resources from available cash; to authorize the Board or whoever the Board delegates to execute the purchase either in one phase or in several phases within 12 months of the extraordinary general assembly’s approval date; the company may retain the Treasury Shares for a maximum period of 5 years without selling them or allocating them for employee stock options;
8) Approve the related party transactions between the company and Zamil Architectural Holding Company, in which Mr. Adib Al Zamil (representative of Zamil Group Holding Company) has an indirect interest. Total purchase value in 2019 was SAR 3,008,419 and was agreed upon with the prevailing commercial terms;
9) Approve the related party transactions between the company and Zamil Chem-Plast Industries, in which Mr. Adib Al Zamil (representative of Zamil Group Holding Company) has an indirect interest. Total purchase value in 2019 was SAR 3,530,053 and was agreed upon with the prevailing commercial terms;
10) Approve the related party transactions between the company and Zamil Trade & Services Holding Company, in which Mr. Adib Al Zamil (representative of Zamil Group Holding Company) has an indirect interest. Total purchase value in 2019 was SAR 14,825,479 and was agreed upon with the prevailing commercial terms;
11) Approve the related party transactions between the company and Zamil Real Estate Holding Company, in which Mr. Adib Al Zamil (representative of Zamil Group Holding Company) has an indirect interest. Total purchase value in 2019 was SAR 3,033,165 and was agreed upon with the prevailing commercial terms.
1) Vote on the Board of Directors report for the fiscal year ending 31/12/2019;
2) Vote on the external auditors’ report for the fiscal year ending 31/12/2019;
3) Vote on the consolidated financial statements for the fiscal year ending 31/12/2019;
4) Vote on discharging the Board of Directors from any liabilities for the fiscal year ending 31/12/2019;
5) Vote on the distribution of SAR 1,600,000 as Board Remuneration for the year ending 31/12/2019 at SAR 200,000 per Board Director;
6) Vote on the appointment of the external auditors as per the recommendation of the Audit Committee to review and audit the company’s quarterly and annual accounts for the second quarter, third quarter, and annual statements for the year 2020 and the first quarter of 2021 and agree to their service fee;
7) Vote on the Intention to Purchase its shares (Share Buyback) with a maximum of 3 million shares and not exceeding 5 percent of total outstanding shares, and with a total value not exceeding 50 million Saudi Riyals; to retain them as Treasury Shares for purposes of stabilizing the fluctuating share price since the Board considers that the share price on the exchange is lower than its fair value; the purchase of these shares will be funded through the company’s internal resources from available cash; to authorize the Board or whoever the Board delegates to execute the purchase either in one phase or in several phases within 12 months of the extraordinary general assembly’s approval date; the company may retain the Treasury Shares for a maximum period of 5 years without selling them or allocating them for employee stock options;
8) Vote on the related party transactions between the company and Zamil Architectural Holding Company, in which Mr. Adib Al Zamil (representative of Zamil Group Holding Company) has an indirect interest. Total purchase value in 2019 was SAR 3,008,419 and was agreed upon with the prevailing commercial terms;
9) Vote on the related party transactions between the company and Zamil Chem-Plast Industries, in which Mr. Adib Al Zamil (representative of Zamil Group Holding Company) has an indirect interest. Total purchase value in 2019 was SAR 3,530,053 and was agreed upon with the prevailing commercial terms;
10) Vote on the related party transactions between the company and Zamil Trade & Services Holding Company, in which Mr. Adib Al Zamil (representative of Zamil Group Holding Company) has an indirect interest. Total purchase value in 2019 was SAR 14,825,479 and was agreed upon with the prevailing commercial terms;
11) Vote on the related party transactions between the company and Zamil Real Estate Holding Company, in which Mr. Adib Al Zamil (representative of Zamil Group Holding Company) has an indirect interest. Total purchase value in 2019 was SAR 3,033,165 and was agreed upon with the prevailing commercial terms.