Fesh Fash’s GA approves to cash dividends distribution, financial statement for 2021

The Fesh Fash Snack Food Production Company Board of Directors announced on Thursday the results of the ordinary General Assembly that included approval of cash dividends distribution and financial statement for the year ended December 31, 2021.

The meeting held on Wednesday, and the attendance rate constituted 66,163%.

The voting results concluded the following items:

• Approval of BOD’s report for the year ended December 31, 2021.

• Approval of audit committee’s report for the year ended December 31, 2021.

• Approval of financial statement report for the year ended December 31, 2022.

• Approval of the acquittal of board members for the year ended December 31, 2022.

The board’s recommendations are approved, and then the board agrees to distribute to its stockholders a cash dividend of 1130000 for the year ended December 32,202. This will be managed by (1) per share at (10%) of the capital value. The senior stockholders shall have the right to own shares first at the end of trading on the day of the General Assembly and shall be listed in the Company’s shareholders’ register with the Securities Deposit Center at the end of the second trading day following the due date. The date of the distribution will be announced later.

• Approval of the appointment of Yasser Bin Salem Al-Hora as an independent member of the audit committee from 15/06/ 2022 until the end of the current committee’s term on 26/03/2023 instead of the former committee member Fahd Hamad Mubarak Al Hamid as a non-executive member.

• Approval of the appointment of Mareeh bin Saad Al-Habbash as an independent member of the audit committee from 15/06/ 2022 until the end of the current period of the committee on 26/03/ 2023 instead of former committee member Abeer Mohammed Ali Al-Celli as a non-executive member.

• Approval of the appointment of Abdul Malik Abbas Saeed al-Kurdi as an independent member of the audit committee from 15/06/ 2022 until the end of the current committee’s term on 26/03/2023 instead of former Committee member Al-Shashtawi Mr. Hazelnut as a non-executive member.

• Approval of the appointment of Abdul Malik Abbas Saeed al-Kurdi as an independent member of the audit committee from 15/06/2022 until the end of the current term of the committee on 26/03/2023 instead of former committee member Al-Shashtawi Mr. Hazelnut as a non-executive member.

• Approval of the appointment of Suleiman Abdullah Al-Kharashi – Al-Kharashi and his partners accountants, and legal auditors to examine, review and audit the semi-annual and annual financial statements for the year ended December 32, 2022.