Nama Chemicals GA Approves Disbursement of SR1.6 mln as reward to BOD

Nama Chemicals Company announced on Tuesday the results of the Ordinary General Assembly meeting (the second meeting) due to the lack of a quorum in the first meeting, as the second meeting was held an hour after the first meeting as indicated in the invitation. The percentage of attending shareholders is 16.36%.

The Company said in a statement to “Tadawul”, on Tuesday, that the general assembly approved the auditor’s report and the Board of Directors’ report for the past year, while releasing the members of the Board of Directors from liability for their actions for that year.

The general assembly agreed to disburse an amount of SR1.6 million as a reward to the members of the board of directors for the year 2021.

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

1- Approval on the financial statements for the fiscal year ended in December 31st 2021.

2- Approval on the company auditor report for the fiscal year ended in December 31st 2021

3- Approval on the report of the board of directors for the fiscal year of 2021.

4- Approval on discharging the board of directors for the fiscal year ended in December 31st 2021.

5- Approval of pay an amount of SR1,600,000 as a reward to the members of the Board of Directors for the fiscal year ending on December 31st 2021.

6- Approving the appointment of auditors for the company’s office Al Kharashi&Co Certified Accountants from among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the financial statements for the second and third quarters and Annual of the fiscal year 2022 and the first quarter of the fiscal year 2023, and determining its fees.

7- Approval on the Board of Directors resolution to appoint Mr. Abdullah Jaber Al-Fifi – Audit Committee Chairman – independent member, starting from the date of his appointment on 23/02/2022 until the end of the current session on 16/02/2025, succeeding the resigned member Mr. Fayez Ahmed Al-Ahmari (Independent member).

8- Approval on the Board of Directors resolution to appoint Eng. Abdullah Mohammad Al-Salem as member of the Board – Executive Member, in the vacant seat for the current session, starting from the date of his appointment on 08/05/2022 until the end of the current session on 16/02/2025.