SADAFCO discusses board members election on February 28

The Board of Directors of Saudia Dairy & Foodstuff Co. (SADAFCO) invited the esteemed shareholders to participate and cast their votes in the Extraordinary General Assembly Meeting (First Meeting). The meeting will be held on Wednesday 28-02-2024 at 18:30 via modern technology means.

The agenda:

1- Voting on the election of the members of the Board of Directors from among the candidates for the next session, which starts from the date of 01-04-2024 and its duration is four years, which ends on 31-03-2028.

2- Voting on extending the maximum period within which the Company may hold the treasury shares (amounting to five hundred thousand and two hundred fifty “500,250”) as treasury shares, as approved by the Extraordinary General Assembly of the Company on 18 December 2018 for another period of (five) years starting from the date of Extraordinary General Assembly approval. After this period expires, the Company will comply with the procedures and controls stipulated in the applicable regulations.

3- Voting on amending the Audit Committee Charter.

4- Voting on amending the Nomination & Remuneration Committee Charter.

5- Voting on amending the Board Membership Policy.

6- Voting on amending the Policy for Remuneration of Board of Directors, Its Committees and Executive Management.