Fitaihi Announces the Results of the EGA Meeting
4180
FITAIHI GROUP
-4.85 %
1445/01/22 09/08/2023 08:22:17
| Element List | Explanation |
|---|---|
| Introduction | Fitaihi Holding Group is pleased to announce the results of the Extraordinary General Assembly Meeting (Second Meeting) held online at 7:30 p.m. on Tuesday, August 8th, 2023, through modern technology. Due to the lack of quorum at the first meeting, the second meeting was held one hour after the scheduled time for the first meeting with the shares represented in the meeting. |
| City and Location of the General Assembly’s Meeting | The meeting was attended by the following Directors of the Board: 1)- Dr. Ibrahim Al-Madhoun – Vice-Chairman – Head of the Meeting 2)- SHK. Ahmed H. Fitaihi (Chairman) 3)- Dr. Adnan Soufi 4)- Dr. Suhail Qadi 5)- Dr. Ibrahim M. Omar Badwood 6)- Mrs. Bayan Adel M. Fakieh The meeting was attended by the CEO, Mr. Yasser Yehia. The board member Mr. Omar Riyadh Al-Humaidan could not attend the meeting. |
| Date of the General Assembly’s Meeting | 2023-08-08 Corresponding to 1445-01-21 |
| Time of the General Assembly’s Meeting | 19:30 |
| Percentage of Attending Shareholders | 43.19575% |
| Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees | The following Directors of the Board attended the meeting: 1)- Dr. Ibrahim Al-Madhoun – Vice-Chairman – Head of the Meeting 2)- SHK. Ahmed H. Fitaihi (Chairman) 3)- Dr. Adnan Soufi 4)- Dr. Suhail Qadi 5)- Dr. Ibrahim M. Omar Badwood 6)- Mrs. Bayan Adel M. Fakieh The meeting was attended by the CEO, Mr. Yasser Yehia. The board member Mr. Omar Riyadh Al-Humaidan could not attend the meeting. |
| Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their Behalf | Remotely through contemporary technology, using the Tadawulaty system, from Fitaihi Headquarters in Jeddah. |
| Voting Results on the Items of the General Assembly’s Meeting Agenda’s | 1 – Approve the split of the Company’s shares according to the following: – The nominal value of the share before amendment: (10) Saudi Riyals. – The nominal value of the share after amendment: (1) Saudi Riyal. – The number of shares before the amendment: (27,500,000) shares. – Number of shares after amendment: (275,000,000) shares. – There is no change in the Company’s capital before and after the stock split. – Effective date: If the clause is approved, the split resolution will be effective for all shareholders of the Company who own shares on the day of the Extraordinary General Assembly and are registered in the Company’s Shareholder Register with the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the Extraordinary General Assembly. The effect of the resolution will be applied to the share price, starting from the business day following the Extraordinary General Meeting, provided that the resolution will be implemented in relation to the number of shares in shareholders’ portfolios on the second trading day following the date of the Extraordinary General Assembly in which it was decided to split the shares. – The amendment of Article No. (7) of the Company’s Articles of Association, relating to the Share Capital of the Company. – The amendment of Article No. (8) of the Company’s Articles of Association, relating to the Subscription to Shares. |
| Additional Information |
