Alujain Corp. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | Alujain Corp. is pleased to announce the results of the General Assembly Meeting No.36 (First Meeting) held at 07:30 pm on Sunday 20-11-1446 AH corresponding to 18-05-2025 via modern technology means provided by Tadawulaty |
| City and Location of the General Assembly's Meeting | Riyadh - Head Office - By Means of Modern Technology |
| Date of the General Assembly's Meeting | 2025-05-18 Corresponding to 1446-11-20 |
| Time of the General Assembly’s Meeting | 19:30 |
| Percentage of Attending Shareholders | 44.62% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following members of the board of directors attended the meeting:
- Engr. Mohammed Saleh Alkhalil (Chairman) - Mr. Abdulwahab Abdulkareem Al-Betairi (Vice Chairman) - Mr. Abdulaziz Khalid Alghufaily - Eng. Yousef Ali Alulyan - Eng. Abdullah Jameel Taibah - Eng. Akram Awni Rabayah - Mr. Abdulaziz Abdulhamid Albassam |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | - Mr. Abdulaziz Khalid Alghufaily (Chairman of the Audit Committee)
- Eng. Abdullah Jameel Taibah (Chairman of the Remuneration and Nominations Committee) - Mr. Abdulwahab Abdulkareem Al-Betairi (Chairman of the Executive Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. The Board of Directors' report for the fiscal year ending on 31 December 2024 have been viewed and discussed.
2. View and discuss the financial statements for the fiscal year ending on 31 December 2024 have been viewed and discussed. 3. Approval to the auditor's report on the Company’s accounts for the fiscal year ending on 31 December 2024, after discussing it. 4- Approval the company’s dividend policy for the years 2025 and 2026: a. distribute dividend to the company shareholder amounted SAR 0.75 per share for each quarter for the next two years, beginning with the first-quarter distributions of 2025 and ending with the fourth-quarter distributions of 2026. The continuity of the dividend distribution policy is subject to change based on the following: i. Any material changes in the company's strategy and business. ii. Increases in the company's investments and future projects. iii. Any current or future commitments to financing entities related to financing the company's projects. 5- Approval authorizing the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year ending 31-12-2025. 6. Non-approval of the appointment of the company's external auditor. |
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