Jazan GA Elects 7 members to Board of Directors

Jazan Energy and Development Company announced on Tuesday the Results of the Ordinary General Assembly Meeting, (Second Meeting), which was held on Monday April 11, 2022, an hour after the specified period from the first meeting, due to incomplete minimum required for the first meeting. The percentage of attending shareholders is 17.14.

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

1. Approval of the Board of Director’s report for the fiscal year ended on 31.12.2021.
2. Approval of the company’s auditor’s report for the fiscal year ended on 31.12.2021.
3. Approval of the consolidated financial statements for the fiscal year ended on 31.12.2021.
4. Approve the appointment of (Allied Accountants Professional Services L.L.C) as External Auditor for the Company from among the candidates nominated based on the recommendation of Audit Committee, review, and audit the second, third quarter and annual financial statements of the fiscal year 2022, and the first quarter of the fiscal year 2023, and the determination of the auditor remuneration.
5. Approval for the election of members of the Board of Directors from among the candidates for the next term, starts from 13.04.2022 for three years, ending on 12.04.2025, The following board members have been selected:
6. Feras Khalid Abdullah Albawardi
7. Abdulelah Mulhem Mohammed Al-Mofeez
8. Sultan Abdulaziz Faisal AlMubarak
9. Turki Ahmed Abdurrahman Alobilan
10. Mohammed Abdullah Maziad Alkhttaf
11. Bedor Nasser Ibrahim Al-Rashoudi
12. Majed Abdullah Sulaiman Alissa
13. Disapproval of the formation of the Audit Committee, and the definition of its duties, work regulations and remuneration of its members for the new term, starting from 13.04.2022 until the end of the term on 12.04.2025. The following are the names of the candidates:
14. Aziz Mohammed Mubarak Algahtani
15. Adel Saleh Ali Abalkhail
16. Abdullah Saghaier Mohammed Al-Hussaini
17. Approval of delegating to the Board of Directors the authorization powers of the General Assembly stipulated in paragraph (1) of Article 71 of the Companies Law, for a period of one year starting from the date of the approval by the General Assembly or until the end of the delegated Board of Directors term, whichever is earlier, in accordance with the conditions set forth in the Regulatory Rules and Procedures issued pursuant to the Companies Law relating to Listed Joint Stock Companies.