Alhokair GA Approves Appointment of Muhamad Rafic as Member of BOD

Fawaz Abdulaziz Alhokair Co. (“Alhokair” or the “Company”) announced on Thursday the results of the Ordinary General Assembly meeting (First Meeting), which was held on Wednesday 15/6/2022 through modern technology.

The legal quorum of shareholders representing at least 50% of the share capital was achieved.

Alhokair said in a statement to Tadawul, on Thursday, that it was held at the company’s headquarter in Riyadh, through modern technology means using the Tadawulaty system, with an attendance rate of 72.18%.

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

1. Approval of the appointment of Dr. Mohamed Al-Amri & Co. as the Company’s external auditor based on the recommendation of the Audit Committee, to examine, review and audit the financial statements for the first, second and third quarters as well as the annual financial statements for the fiscal year 2022-2023, and approval of the auditor’s fees.

2. Approval of the appointment of Mr. Muhamad Rafic Mourad as a member of the Board of Directors starting from the date of his appointment on 05/01/2022 and until the end of the current Board’s session on 11/08/2023, replacing the departing member, Mr. Mansour Abdulwahhab Qadi.