Jabal Omar Approves BOD Election for Next Session

Jabal Omar Development Company announced the results of its 14th Ordinary General Assembly Meeting (First Meeting), which included the approval of the election of members of the Board of Directors for the next session.

Voting Results:

1. Reviewed and discussed the report of the Board of Directors for the fiscal year ended on December 31, 2023

2. Approved the company’s auditor’s report for the fiscal year ended on December 31, 2023

3. Reviewed and discussed the financial statements for the fiscal year ended on December 31, 2023

4. Approved the releasing the members of the Board of Directors from liability for the fiscal year ended on December 31, 2023

5. Approved of the participation of Board Member Mr. Hesham Abdulaziz Alzaid in a business competing with the company’s business

6. Approved of the participation of Board Member Mr. Abdulaziz Sulaiman Alrajhi in a business competing with the company’s business

7. Approved the business and contracts concluded between the company and Al Rajhi Bank, in which the member of the Board of Directors, Mr. Abdul Aziz Al Rajhi, and the member of the Board of Directors, Mr. Thalib Al-Shamarani, have an indirect interest in it, the transaction is to obtain an Islamic Murabaha facility worth1,900,000,000 riyals, guaranteed by the Ministry of Finance, for a period of two years, starting in 2024 AD, noting that there are no preferential conditions.

8. Approved of the election of members of the Board of Directors from among the candidates for the next session, which begins on June 30, 2024, and ends on June 29, 2028, for a period of four years, delusion:

1. Mr. Saeed Mohammed Ali Al Ghamdi

2. Mr. Abdulaziz Saud Abdulaziz Altubayyb

3. Mr. Badr Abdulrahman Abdullah Al-Sayari

4. Mr. Ahmad Othman Abdullah AlQasabi

5. Mr. Yasser Abdulaziz Mohammad AlKadi

6. Mr. Wahdan Suliman Mohammed AlKadi

7. Mr. Khaled Saleh Fahad Alkhattaf

8. Mr. Thalib Ali Thalib Alshamarani

9. Mr. Saleh Habdan Abdullah Alhabdan