News & Announcements

FUTURE CARE

01 July, 2024 08:08

Future Care Trading Co. Announces the Results of the Extraordinary General Assembly Meeting, ( First Meeting )

Element List	Explanation
Introduction	Future Care Trading Company announces to its shareholders the results of the extraordinary general assembly meeting (first meeting), which was held at exactly (20:30) on Sunday, 12/24/1445 AH, corresponding to 06/30/2024 AD, at the company’s main headquarters located in the city of Jeddah in the... Khalidiya, through modern technological means (remotely) - using Tadawulati services; This is after the legal quorum is reached for the assembly to be held
City and Location of the General Assembly's Meeting	At the company’s main headquarters in Jeddah, Al Khalidiya district, via modern technology (remotely) - using Tadawulati services.
Date of the General Assembly's Meeting	2024-06-30 Corresponding to 1445-12-24
Time of the General Assembly’s Meeting	20:30
Percentage of Attending Shareholders	72%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	1. Mr. Mansour bin Abdulaziz bin Hashr - Chairman of the Board of Directors. 2. Mr. Bassem Muhammad Ali Hussein Abu Nami - Vice Chairman of the Board of Directors 3. Mr. Ahmed Hassan Naghi - Member of the Board of Directors. 4. Mr. Abdul Rahman Amin Ahmed Taj El-Din - Member of the Board of Directors. 5. Ms. Roaa Mahmoud Muhammad Al-Jundi - Member of the Board of Directors. 6. Mr. Safar Mabalish Safar Al-Baqami - CEO
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf	1- Ms. Al-Jawhara Abdulaziz Bin Hashr - Head of the Audit Committee
Voting Results on the Items of the General Assembly's Meeting Agenda's	1. Approval of the company’s auditor’s report for the financial year ending on December 31, 2023 AD after discussing it. 2. The Board of Directors’ report for the financial year ending on December 31, 2023 was reviewed and discussed. 3. The company’s financial statements for the fiscal year ending on December 31, 2023 were reviewed and discussed. 4. Approval to release the members of the Board of Directors from their liabilities for the fiscal year ending on December 31, 2023 AD. 5. Approval of the appointment of RSM United Accountants for Professional Consultations as the company’s auditor from among the candidates based on the recommendation of the Audit Committee; This is to examine, review and audit the financial statements for the first and annual half of the fiscal year 2024 AD, at a fee amounting to (200,000) two hundred thousand Saudi riyals. 6. Not approving the Board of Directors’ authorization to distribute interim dividends to shareholders on a semi-/quarterly basis for the financial year ending on 12-31-2024 AD. 7. Approval of delegating the authority of the Ordinary General Assembly to the Board of Directors with the license contained in Paragraph (1) of Article Twenty-Seven of the Companies Law, for a period of one year from the date of the General Assembly’s approval or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance with the conditions stated in the Executive Regulations. The corporate system for listed joint stock companies 8. Approval of the Board of Directors’ recommendation to transfer the company’s statutory reserve balance, which amounted to (4,048,320) four million and forty-eight thousand three hundred and twenty Saudi riyals, as in the financial statements ending on 12/31/2023 AD, to the retained earnings balance. 9. Approval of the Board of Directors’ decision to appoint Mr. Abdul Rahman Amin Ahmed Taj El-Din as a member of the Board of Directors (independent) starting from the date of his appointment on 12/06/2023 AD to complete the Board’s session until the end of the current session on 04/03/2026 AD as a successor to the member. Previous Mr. Walid Ahmed Mohamed Naghi - Non-Executive Member 10. Approval of the Board of Directors’ decision to appoint Mrs. Roaa Mahmoud Muhammad Al-Jundi - as a member of the Board of Directors (independent) starting from the date of his appointment on 12/06/2023 AD to complete the Board’s session until the end of the current session on 04/03/2026 AD, as a successor to the previous member. Mr. Majed Jadallah Atiya Al-Hujaili, non-executive member

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