Raoom GA approves BOD recommendation to distribute cash dividends of SAR 6.3 mln for 2ND half of 2022

Raoom Trading Company announced the results of the Ordinary General Assembly meeting (the first meeting), which was held at 06:30 pm on Sunday 30.04.2023 through modern technology (remotely) with 76.57% of Attending Shareholders

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

1) The report of the Board of Directors for the fiscal year ending on December 31, 2022 was reviewed and discussed.

2) Approval of the company’s auditor’s report for the fiscal year ending on December 31, 2022, after discussing it.

3) The financial statements for the fiscal year ending on December 31, 2022 were reviewed and discussed.

4) Approving the release of the members of the Board of Directors from liability for the fiscal year ending on December 31, 2022 AD

5) Approving the appointment of Baker Tilly LLC and Partners Chartered Accountants as the company’s auditor among the candidates based on the recommendation of the review committee; This is to examine, review and audit the annual financial statements for the fiscal year 2023 AD and the first and second quarters of the year 2024 AD and determine his fees.

6) Approving the recommendation of the Board of Directors to distribute cash dividends to shareholders for the second half of 2022, with a value of SAR 6,250,000 at the rate of (1) riyals per share, which represents 10% of the nominal value of one share, provided that the eligibility is for the shareholders who own shares at the end of the day of the assembly meeting 30.04.2023 and those registered in the company’s shareholder register with the Securities Depository Center Company (Tadawul) at the end of the second trading day following the due date (note that the date of distribution of profits in the investors’ portfolios is 05.09.2023)

7) Approving the authorization of the Board of Directors to distribute interim cash dividends to shareholders on a semi-annual or quarterly basis for the fiscal year 2023.