June 23: “Tadweer” GA to vote on adopting dividend distribution policy

The Board of Directors of the National Environmental Recycling Company “Tadweer” invited shareholders to participate and vote in the Ordinary General Assembly meeting – the first meeting – which is scheduled to be held via modern technology on Sunday, June 23, 2024 AD, which includes voting on adopting the dividend distribution policy.

According to the company, the terms of the general assembly will be as follows:

1. Review and discuss the financial statements for the fiscal year ending on December 31, 2023.
2. Reviewing the Board of Directors’ report for the financial year ending on December 31, 2023 AD and discussing it.
3. Vote on the company’s auditor’s report for the financial year ending on December 31, 2023 AD after discussing it
4. Vote on appointing the company’s auditor from among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the semi-annual and annual financial statements for the fiscal year 2024 AD and the first quarter of the fiscal year 2025 AD, and determine his fees.
5. Vote on discharging the members of the Board of Directors from their liabilities for the fiscal year ending on December 31, 2023.
6. Vote on disbursing an amount of 672 thousand riyals, as a reward to members of the Board of Directors for the financial year ending on December 31, 2023 AD.
7. Voting on the business and contracts concluded between the company and the Precision Metrology Factory Company, in which the Chairman of the Board of Directors, Mr. Iyad Abdulaziz Al-Nafi, has an indirect interest, which is the maintenance of containers during the fiscal year 2023 AD and there are no preferential conditions, in the amount of 16,100 riyals.
8. Vote on delegating the authority of the Ordinary General Assembly to the Board of Directors with the license contained in Paragraph (1) of Article Twenty-Seven (27) of the Companies Law for a period of one year from the date of the General Assembly’s approval or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance with the conditions stated in the regulations. Executive of the corporate system for listed joint stock companies.
9. Vote on approving the work regulations of the Nominations and Remuneration Committee.
10. Vote on approving the remuneration policy for members of the Board of Directors, its committees, and the executive management.
11. Vote on adopting the dividend distribution policy.
12. Vote on adopting the conflict of interest policy and competition standards.