Fesh Fash Assembly Votes to Amend Article of Bylaw related to BOD Powers

The Board of Directors of (Fesh Fash Snack Food Production Company) invited the shareholders to participate and vote in the (Extraordinary) General Assembly meeting (the first meeting), which is scheduled to be held, on Sunday 20.02.2022 through modern technology , in the interest of the safety of shareholders and within the support of preventive and precautionary efforts and measures by the competent and relevant health authorities to address the emerging corona virus (COVID-19), and as an extension of the continuous efforts made by all government agencies in the Kingdom Saudi Arabia in taking the necessary preventive measures to prevent its spread.

The company added that the shareholders registered in the issuer’s shareholders registry in the depository center at the end of the trading session preceding the general assembly’s meeting as per laws and regulations.

It also added that the (extraordinary) general assembly meeting is valid if attended by shareholders representing (at least half of the capital). If the necessary quorum is not available to hold this meeting, the second meeting will be held an hour after the end of the period specified for convening the first meeting, and the second meeting will be valid if attended by shareholders representing at least a quarter of the capital. stipulated in Article (29) of this bylaw, and the third meeting shall be valid regardless of the number of shares represented therein, after the approval of the competent authority.

General Assembly Meeting Agenda:

Voting on the amendment of Article (18) of the company’s articles of association, related to the powers of the board of directors. Voting on the amendment of Article (20) of the company’s articles of association, related to the powers of the chairman and managing director.

Shareholders registered in the Tadawulaty services can vote online on the assembly’s tapics starting on Wednesday 16.02.2022 until the end of the time of the assembly.

Eligibility for registering the attendance of the general assembly’s meeting ends upon the convenience of the general assembly’s meeting. Eligibility for voting on the business of the meeting agenda ends upon the counting committee concludes counting the votes, the company conluded.