Zain KSA GA Elects 9 Members to Board of Directors

The Board of Directors of Zain KSA announced on Thursday the results of the Ordinary General Assembly meeting that was held after realizing the required quorum. Percentage of Attending Shareholders is 62.23.

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

1. Approved the Board of Directors’ report for the fiscal year ending on 31 December 2021.

2. Approved the External Auditor’s report for the fiscal year ending on 31 December 2021.

3. Approved the financial statements for the fiscal year ending on 31 December 2021.

4. Approved to discharge the Board of Directors against their work during the fiscal year ending 31 December 2021.

5. Elected the members of the Board of Directors for the next term, beginning on 26/04/2022 for a period of three years ending on 25/04/2025.

1- HH Prince Naif Bin Sultan Bin Mohammed Bin Saud Al Kabeer

2- Badr Al – Khrafi

3- Osama matta

4- Saud al-Bawardi

5- Kamil Hilali

6- Martial Caratti

7- Firas Oggar

8- Abdullah Alfaris

9- Saad AlMousa

6. Approved the payment of SR3,675,000 to board member as remuneration for the fiscal year ending 31 December 2021.

7. Approved the formation of the Audit Committee for the new term beginning on 26/04/2022 for a period of three years ending on 25/04/2025 and on its role, responsibilities, processes and the remuneration of its members. They are:

Mr. Ossama Matta

Mr. Martial Caratti

Mr. Georges Pierre

8. Approved delegating to the Board of Directors the authorisation 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.

9. Approved the appointment and fees of Ernst & Young & Co. (Certified Public Accountants) (EY) as the External Auditor, amongst the list of nominees, to review and audit the company’s financial statements for the second, third and fourth quarter and annual financial statements of fiscal year 2022, in addition to the first quarter of fiscal year 2023.