Al-Omran GA to discuss distributing SR4.5 mln profits for 2021

Al-Omran Industrial & Trading Co, is pleased to invite the honorable shareholders to attend the meeting of the Ordinary General Assembly scheduled to be held, God willing, at exactly 6:30 pm on Sunday 20/11/1443 AH corresponding to 19/6/2022 AD from the company’s headquarters located in Riyadh through modern technical means via Tadawulaty service website ((https://tadawulaty.com.sa))

General Assembly Meeting Agenda:

1- Voting on the report of the Board of Directors for the year ending on December 31, 2021 AD

2- Voting on the auditor’s report for the year ending on December 31, 2021 AD

3- Voting on the company’s consolidated financial statements for the year ending on December 31, 2021 AD

4- Voting on appointing an auditor for the company from among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the financial statements for the (second, third and fourth quarters) and annual quarters of the year 2022 AD, and the first quarter of the fiscal year 2023 AD, and determine his fees.

5- Vote on the board of directors’ recommendation to distribute cash dividends to shareholders for the fiscal year ending on 31/12/2021 AD in the amount of 4,500,000 riyals at 0.75 riyal per share, equivalent to 7.5% of the nominal value of the share, provided that the eligibility for profits is for the shareholders who own the shares at the end of the trading day The holding of the general assembly of the company and those registered in the company’s shareholders register with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the due date, bearing in mind that the dividend distribution date will be determined later.

6- Vote for the disbursement of 300,000 riyals as a bonus to members of the Board of Directors for the fiscal year ending on December 31, 2021 AD.

7- Voting on the business and contracts that took place between the company and Abaad Real Estate Investment Company, which belong to the members of the board of directors, Mr.: Muhammad Omran Al-Omran, Mr.: Nasser Muhammad bin Omran, and Mr.: Abdul Rahman Muhammad bin Omran has an indirect interest in it, which is (finance) where the transactions were in 2021 AD amounted to 667,000 riyals without preferential conditions. (Attached)

8- Voting on the business and contracts that took place between the company and Abaad Real Estate Investment Company, which belong to the members of the board of directors, Mr.: Muhammad Omran Al-Omran, Mr.: Nasser Muhammad bin Omran, and Mr.: Abdul Rahman Muhammad bin Omran, an indirect interest in it, which is (the company’s staff accommodation rents and warehouses) where it was Transactions in 2021 amounted to 895,000 riyals without preferential terms. (Attached)

9- Voting on the business and contracts that took place between the company and Abaad Real Estate Investment Company, which belong to the members of the board of directors, Mr.: Muhammad Omran Al-Omran, Mr.: Nasser Muhammad bin Omran, and Mr.: Abdul Rahman Muhammad bin Omran has an indirect interest in them, which is (acting expenses) where the transactions were in 2021, it amounted to 1,764,948 riyals without preferential terms. (Attached)

10- Voting on absolve the members of the board of directors from liability for the year ending on December 31, 2021 AD

11- To vote on electing members of the Board of Directors for the new session of the Board, which starts from 18/9/2022 and ends on 17/9/2025 from among the candidates for a period of three years (attached).

12- Vote on the formation of a review committee, defining its tasks, its work controls, and rewarding its members for the new term starting from 18/9/2022 and ending on 17/9/2025, noting that the candidates (attached with their CVs) are:

Mr. Fahd Saad Al-Huwaimel.

Mr. Youssef Muhammad Al-Omran.

Mr. Saleh Abdullah Al-Munif.

Shareholders registered in Tadawulaty services can vote on the items of the assembly starting from 10:00 am on Tuesday 16/11/1443 AH corresponding to 15/06/2022 AD until the end of the time of the assembly, and registration and voting in Tadawulaty services will be available and free for all shareholders using the following link ( https://www.tadawulaty.com.sa )

The right to register attendance at the assembly meeting expires at the time of the assembly, and the right to vote on the assembly’s articles for the attendees ends when the counting committee finishes counting the votes.