FADECO discusses financial statements for fiscal year 2022…on 9 July

Arabian Food & Dairy Factories Company (FADECO) invited its shareholders to attend the Extraordinary General Assembly Meeting (first meeting); it is scheduled to be held through modern technology at (18:30) on Sunday, July 9, 2023.

General Assembly Meeting Agenda:

1- To vote on the report of the company’s auditor for the fiscal year ending on December 31, 2022, after discussing it.

2- View and discuss the report of the Board of Directors for the fiscal year ending on December 31, 2022.

3- Reviewing and discussing the company’s financial statements for the fiscal year ending on December 31, 2022.

4- Vote to absolve the members of the Board of Directors from liability for the year ending 12/31/2022.

5- To vote on the appointment of an auditor for the company from among the candidates based on the recommendation of the Audit Committee; This is to examine, review and audit the financial statements for the first half of the fiscal year 2023, and the annual financial statements of the fiscal year 2023, and to determine his fees.

6- To vote on delegating the Board of Directors with the powers of the Ordinary General Assembly with the authorization contained in Paragraph (1) of Article 27 of the Companies Law, for a period of one year from the date of approval of the General Assembly or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance with the conditions stipulated in the executive regulations of the Law. Listed joint stock companies.