Alhokair Group GA to vote on 2021 financial statements

The Board of Directors of Abdul Mohsen Al Hokair Group for Tourism and Development is pleased to invite the shareholders to participate and vote in the Ordinary General Assembly meeting (the first meeting) and the second one hour later, which is scheduled to be held, God willing, at 20:00 pm on Monday 27/06/2022 corresponding to 28/11/ 1443 AH, Through modern technology.

The Assembly’s agenda:

1. Vote on the company’s auditor’s report for the fiscal year ended December 31, 20021
2. Vote on financial statements for the fiscal year ended 2021/12/31
3. Vote on the Board’s report for the fiscal year ended December 31, 2021.
4. Vote on the appointment of the company’s auditor from Among the candidates on the recommendation of the review committee to examine, review and audit the financial statements for the second, third and annual quarters of fiscal year 2022 and the first quarter of 2023 and determine its fees.
5. Vote on the discharge of board members for the fiscal year ended December 31, 2021.
6. Vote to spend (SR 2,092,344) reward to board members for the fiscal year ended December 31, 2021.
7. Vote to pay a reward to the members of the review committee amounting to (168,806 Riyals) for the fiscal year ended 31 December 2021
8. Voting on the business and contracts that took place between the company and Abdul Mohsen Abdulaziz Al-Hokair Holding Group, which for the members of the Board of Directors is an indirect interest, namely Professor/Mosaed AlHokair (for the previous session), Professor Majid Al-Hokair, Professor Sami Al-Hokair and Mr. Bandar Al-Hokair, which is the lease of the Andalusian Hotel, although the transactions for the previous year are (1,278,006 riyals) equivalent to 20% of the total revenue.
9. Voting on the business and contracts that took place between the company and Abdul Mohsen Abdulaziz Al-Hokair Holding Group, which for the members of the Board of Directors is an indirect interest, namely Professor/Mosaed AlHokair (for the previous session), Professor Majid Al-Hokair, Professor Sami Al-Hokair and Mr. Bandar Al-Hokair, which is the lease of the Golden Tulip Nasiriyah Hotel, although the transactions for the previous year are (2,165,000 Riyals) without preferential conditions or benefits. (Attached).
10. Voting on the business and contracts between the company and Mr. Sami Al-Hokair, which for the members of the Board of Directors is an indirect interest, namely Professor/Mosaed Al-Hokair (for the previous session), Professor Majid AlHokair and Professor/Bandar Al-Hokair, which is the lease of the Golden Tulip Al Khobar Hotel, knowing that the transactions for the previous year are (2,778,234 Riyals) or the equivalent of 20% of the total revenue without conditions or preferential benefits. (Attached )
11. Voting on the business and contracts between the company and Abdul Mohsen Abdulaziz Al-Hokair Holding Group, which for the members of the Board of Directors is an indirect interest, namely Professor/Mosaed Al-Hokair (for the previous session), Professor Majid Al-Hokair, Professor Sami Al-Hokair and Professor Bandar Al-Hokair, which is the lease of the Holiday Inn, noting that the transactions for the previous year are (2,631,220 Riyals), equivalent to 20% of the total revenue without preferential conditions or benefits. (Attached)

According to Article (34) of the company’s articles of association, the meeting of the ordinary general assembly is valid if attended by shareholders representing at least a quarter of the capital. If the necessary quorum is not available to hold this meeting, the second meeting will be held an hour after the end of the period specified for convening the first meeting, and the second meeting shall be valid regardless of the number of shares represented therein.

Shareholders registered in the services of my trading can vote electronically remotely on the terms of the Association starting from 10:00 a.m. on Thursday 23/06/2022, 24/11/1443 until the end of the time of the assembly and registration and voting in the service of trades will be available and free of charge to all shareholders using the following link: www.tadawulaty.com.sa

Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes