SVCP to agree to authorize BOD to distribute interim profits for the year 2023

Saudi Vitrified Clay Pipe Co. announced on Tuesday the results of the Ordinary General Assembly Meeting (the Second Meeting) that was held virtually through the modern technology means using Tadawulaty services, at 10:45 pm, on Monday, 10 April 2023, where the percentage of attending shareholders was12.91%

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

1. The Board of Director’s report for the fiscal year that ended on 31st December 2022 has been reviewed and discussed

2. The Financial Statements for the fiscal year that ended on 31 December 2022 have been reviewed and discussed.

3. Approval of the auditor report on the Company’s accounts for the fiscal year ending on 31/12/2022.

4. Approval of appointing RSM Allied Accountants for Professional Services. from among the candidates based on the Audit Committee’s recommendation. The appointed auditor shall examine, review and audit the second, third quarter, and annual financial statements of the fiscal year 2023 and the first quarter of the fiscal year 2024, also determine the auditor’s remuneration

5. Approval of delegating the Board of Directors to distribute interim dividends biannually and quarterly for the fiscal year 2023.