Al-Jouf Water GA Elects 5 Members to BOD

The Board of Directors of Al-Jouf Mineral Water Company announced on Thursday the results of the meeting of the General Assembly (first meeting) held on Wednesday 31/08/2022 Through Modern Technology.
Voting Results on the Items of the General Assembly’s Meeting Agenda’s:
1- Approval of the election of the members of the Board of Directors from among the candidates for the next session, beginning on the date of the regular General Assembly on 31-08-2022, for a period of three years, expiring on 30-08-2025, when the following members were elected:
• Ashry Saad Mazal Al-Ashry
• Fahad Mohamed Ibrahim al-Habdan
• Musa Abdullah Ali Al-Fouzan
• Hisham Abdulrahman Mohammed Moqren
• Mohammed Hamdan Suraia Al Suraia
2- Approval of the formation of the Audit Committee and determination of its functions, the controls of its work and the remuneration of its members for the new session from the date of the regular General Assembly on 31-08-2022 until the end of the session on 30-08-2025:
• Hisham Abd al-Rahman Moqren
• Fahad Mohamed Ibrahim al-Habdan
• Mohammed Abdullah Al-Mubarak
3- Approval of the authorization of the Board of Directors from its conclusion on 18-07-2022 until the date of the Regular General Assembly on 31-08-2022
4- Approval of the works and contracts between the company and Arabian Mining Company in which the member of the Board of Directors Mr. Ashry Saad Al-Ashry has an indirect interest, which is (acting expenses salaries and employees’ stays and no specific conditions) in the amount owed SR1,021,035 for 2021.
5- Approval of the works and contracts between the Company and the Facilities Execution Company in which the member of the Board of Directors Mr. Mohammed Saad Al-Ashry has an indirect interest, which is (acting expenses and no specific conditions) in the amount of SR1,631,317 for 2021.
6- Approval of the works and contracts between the Company and the Development Works Company (Holding Company) which are for the members of the Board of Directors Mr. Ashry Saad Al-Ashry and Mr. Saad Sunitan Hudaib indirect interest therein, which is (acting expenses, water supply and no specific conditions) in the amount owed by SR628,384 for 2021.
7- Approval of the works and contracts between the company and Al-Rai Environmental Services Company in which the board member Mr. Ashry Saad Al-Ashry has an indirect interest, namely (factory financing for operation and no specific conditions) in the amount of credits of SR5,215,109 for 2021.
8- Approval of the works and contracts between the Company and the Food Development Works Company in which the member of the Board of Directors Mr. Ashry Saad Al-Ashry has an indirect interest, namely (financing the plant machinery and no specific conditions) in the amount of SR804,054 for 2021.
9- Approval of the works and contracts between the Company and the Company of Acquisition Holding which are for the members of the Board of Directors Mr. Ashry Saad Al-Ashry and Mr. Saad Sunitan Hudaib indirect interest therein, which are (acting expenses employee dues and no specific conditions) in the amount of SR17,425 for 2021.
10- Approval of the works and contracts between the Company and the Development Works Company Limited which are for the members of the Board of Directors Mr. Ashry Saad Al-Ashry and Mr. Saad Sunitan Hudaib indirect interest therein, which is (financing machinery for the factory and no specific conditions) in the amount of SR7,566,438 for 2021.
11- Approval of the works and contracts between the company and the Wishah al-Watan branch of the Al-Rai Environmental Services Company in which the board member Mr. Ashry Saad Al-Ashry has an indirect interest, namely (acting expenses, salaries of insurance employees and no specific conditions) in the amount of SR48,387 for 2021.