Zoujaj GA approves recommendation to distribute SR16.45 mln profits for 1H

The company’s headquarters is in the Second Industrial city in Riyadh through “Tadawulaty” for e-voting, with percentage of attending shareholders at 26.9%.

Voting Results on the Items of the General Assembly’s Meeting Agenda’s:

1- Approval of the Board of Directors report for the fiscal year ending 31-12-2021.

2- Approval of the external auditor’s report for the fiscal year ending 31-12-2021.

3- Approval of the financial statements for the fiscal year ending on 31-12-2021.

4- Discharging the board of Directors for the fiscal year ending 31-12-2021.

5- Approval of disbursing an amount of SAR 1,600,000 as a bonus for members of the Board of Directors at the rate of SAR 200,000 for each member for the year ending on 12-31-2021.

6- Approval of the appointment of the external auditors Baker Tilly MKM & Co. Certified Public Accountants as per the recommendation of the Audit Committee to review and audit the company’s quarter 2 ,3 and annual accounts for the year 2022, and the first quarter of the fiscal year 2023.

7- Approval of delegating the Board of Directors to distribute interim dividends on a biannual / quarterly basis for the fiscal year 2022.

 8- Approval of the Board of Directors’ recommendation to distribute cash dividends to shareholders for the first half of 2022, amounting to SAR 16,450,000 at SAR 0.50 per share. The eligibility of the dividends will be to the shareholders of the company who own shares at the end of the day of the general assembly meeting and who are registered in the company’s records at the Securities Depository Center (Edaa) at the end of the second trading day following the due date, and the distribution date will be determined later.