Tanmiah Assembly Agrees to Amend Articles of Company Articles of Association

The Board of Directors of Tanmiah Food Company announced on Wednesday the results of the Extraordinary General Assembly Meeting, (First Meeting).

The virtual meeting was held on Tuesday in Company Headquarters, Riyadh, Al-Rabwah district, Intersection of Omar bin Abdulaziz with Fatimah Al-Zahraa Street. The percentage of attending shareholders is 71.76%.

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

1. Approved the amendment of Article No. (1) of the company’s articles of association related to the transformation.
2. Approved on the amendment of Article No. (2) of the company’s articles of association related to the name of the company.
3. Approved the amendment of Article No. (4) of the company’s articles of association related to participation and ownership in companies.
4. Approved the amendment of Article No. (8) of the company’s articles of association related to subscribing to shares.
5. Approved the amendment of Article No. (9) of the company’s articles of association related to the sale of undervalued shares.
6. Approved the amendment of Article No. (12) of the company’s articles of association related to the shareholders’ register/record.
7. Approved the amendment of Article No. (15) of the company’s articles of association related to the company’s management.
8. Approved the amendment of Article No. (17) of the company’s articles of association related to the vacant position on the board.
9. Approved to delete the second paragraph of Article No. (18) of the company’s articles of association related to the authorities of the board.
10. Approved the amendment of Article No. (20) of the company’s articles of association. Powers of the chairman, deputy, managing director and secretary.
11. Approved the amendment of Article No. (29) of the company’s articles of association related to assemblies’ invitations.
12. Approved the amendment of Article No. (33) of the company’s articles of association related to voting in assemblies.
13. Approved the amendment of Article No. (44) of the company’s articles of association related to financial documents.
14. Approved on the amendment of Article No. (50) of the company’s articles of association related to the final provisions.
15. Approved on delegating the Board of Directors to the authority of the Ordinary General Assembly with the authorization contained in Paragraph (1) of Article 71 of the Companies Law, for a period of one year from the date of approval of the General Assembly or until the end of the delegated Board of Directors session, whichever is earlier, in accordance with the conditions set forth in the procedures and regulations issued in implementation of the Companies Law for Listed Joint Stock Companies
16. Approved on the Board of Directors’ decision to appoint Mr. Ahmed Sharaf Osilan as an Executive Member of the Board of Directors starting from 25-11-2021 for the current term of the Board, which ends in 18-04-2022 in replace of the member, Mr. Muhammad Sajid Saeed (Executive Member).