MAADANIYAH approves election of 6 BOD members

24 May 2023

Riyadh - Maaal

National Metal Manufacturing and Casting Company announced the results of the 27th Ordinary General Assembly Meeting (First Meeting), held on Tuesday, which included approval of the election of the members of the Board of Directors from among the candidates for the new session that will start on 25.05.2023 and last for three years ending on 24.05.2026, and they are as follows:

1- MUTLAQ HAMAD ALMORAISHED

2- SHAKER NAFIL ALOTAIBI

اقرأ المزيد

3- RYAN WADAH TARABZONI

4- ASEM ABDULWAHAD ALESSA

5- OMAR KHALID ALBILALI

6- MANSOR ABDULRAHMAN ALGHARAIRI

The rest of the voting results on the assembly’s agenda are as follows:

1- Reviewed & discussed the Board of Directors’ report for the fiscal year ending on 31/12/2022

2- Approved the auditor report on the Company’s accounts for the fiscal year ending on 31/12/2022

3- Reviewed and discussed the financial statements for the fiscal year ending on 31/12/2022

4- Approved the paying an amount of (SAR 1,200,000) as remuneration to the Board members for the fiscal year ending on 31/12/2022.

5- Approved the paying an amount of (SAR 150,000) as remuneration to the Audit Committee members for the fiscal year ending on 31/12/2022.

6- Approved the absolving liability of the Board of Directors of the fiscal year ended 31/12/2022.

7- Approved the formation of the Audit Committee, and the definition of its duties, work regulations and remuneration of its members for the new session which starts on 25/5/2023 for 3 years that will be ended on 24/5/2026. the elected members: 1- Ryan Wadah Tarabzoni. 2- Mansor Abdulrahman Algharairi. 3- Waheed Hussain Huraisi.

8- Approved the appointing the auditor Ibrahim Ahmed Al Bassam & Co. for the Company from among the candidates based on the Audit Committee’s recommendation. The appointed auditor shall examine, review and audit the (second, third and fourth) quarter and annual financial statements, of the fiscal year 2023, and the first quarter of the fiscal year 2024 G, and the determination of the auditor’s fees.