National Fertilizer GA approves authorizing BOD to distribute 2022 interim profits

National Fertilizer Co. Announces the Results of the Ordinary General Assembly Meeting, (First Meeting ), Which held after the quorum was secured.

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

1 -Approval on the Board of Directors report for the fiscal year ending on 31-12-2021G.

2-Approval on the Auditor report on the Company Accounts for the fiscal year ending on 31-12-2021G.

3-Approval on the Financial Statements for the fiscal year ending on 31-12-2021G.

4-Approval on delegating the board of Directors to distribute interim dividends on biannual or quarterly basis , for the fiscal year 2022G.

5–Approval of appointing Alluhaid & Alyahya as the auditor of the company among the candidates based on the recommendation of the audit committee, in order to examine the semi-annual financial statements and review the annual financial statements for 2022,d and determination of the auditor remuneration.

6-Approval on absolving the member of the Board Directors from their liabilities for the year ending on 31/12/2021G.

7-Approval on disbursing an amount of (318,494) riyals as a bonus to the members of the Board of Directors for the fiscal year ending on 31-12-2021G