News & Announcements

GHIDA ALSULTAN

01 July, 2024 08:08

Ghida Alsultan for Fast Food Co. Announces the Results of the Extraordinary General Assembly Meeting, ( First Meeting )

Element List	Explanation
Introduction	Ghida Al-Sultan Fast Food Company BOD is pleased to announce the results of the Extraordinary General Assembly Meeting (first meeting), which was held at 6:45 PM on Sunday 12/24/1445, corresponding to 06/30/2024, via modern technological means, This is after the quorum is reached for the validity of the extraordinary general assembly meeting (first meeting).
City and Location of the General Assembly's Meeting	Using modern technology from the company's headquarters in Jeddah
Date of the General Assembly's Meeting	2024-06-30 Corresponding to 1445-12-24
Time of the General Assembly’s Meeting	18:45
Percentage of Attending Shareholders	59.43%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	The following BOD members attended: Mr. Arif Qayed Al-Mesbahi - Chairman of the BOD Mr. Badr Hassan Al-Othman - Member of the BOD Mr. Ibrahim Abdullah Al-Hadithi - Member of the BOD He apologized for not attending the assembly: Prince/Mansour bin Saad Al Saud - Vice Chairman of the BOD Mr. Fares Hani Al Turki - Member of the BOD
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf	The Chairman of the Audit Committee, Mr. Hamza Ghulam Goharji, attended
Voting Results on the Items of the General Assembly's Meeting Agenda's	* The Board of Directors’ report for the financial year ending 12-31-2023 was reviewed and discussed. * Approval of the company’s auditor’s report for the financial year ending on 12-31-2023. * The financial statements for the fiscal year ending on 12-31-2023 were reviewed and discussed. * Approval to discharge the members of the Board of Directors from their liabilities for the year ending 12-31-2023. * Approval of the appointment of the company’s auditor, BDO Dr. Mohamed Al-Amri & Co., from among the candidates based on the recommendation of the Audit Committee; This is to examine, review and audit the semi-annual and annual financial statements for the fiscal year 2024 AD, and determine his fees amounting to 250,000 (two hundred and fifty thousand Saudi riyals) excluding value-added tax. * Approval to disburse an amount of (668,000.00) riyals as a reward to members of the Board of Directors and committees for the fiscal year ending on December 31, 2023 AD. * Approval of amending Article (4) of the Articles of Association related to (the company’s purposes). * Approval of amending Article (5) of the articles of association related to (the duration of the company). * Approval of the Board of Directors’ decision to appoint Prince Mansour bin Saad Al Saud as an independent member of the Board of Directors, starting from the date of his appointment on 04/29/2024 AD to complete the Board’s session until the end date of the current session on 11/21/2024 AD, succeeding the previous member, Mr. Sidqi. Bin Hamed Al-Nujaimi, an independent member.

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