Molan Steel Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Molan Steel co, is pleased to announce the results of the General Assembly “the first meeting”, which was held at 7:20 pm on Tuesday corresponding to 24 June 2025. Through modern technology, the attendance rate reached 69.96%.
After completing the required quorum for the validity of the assembly meeting, the results of voting on the agenda items for the assembly meeting were as follows: |
| City and Location of the General Assembly's Meeting | From company headquarters, in Riyadh city by using modern technology means. |
| Date of the General Assembly's Meeting | 2025-06-24 Corresponding to 1446-12-28 |
| Time of the General Assembly’s Meeting | 19:20 |
| Percentage of Attending Shareholders | 69.96% |
| 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 were also present:
1. Mr. Abdulrahman Ibrahim Al Odaiby - Chairman of the Board of Directors 2. Mr. Abdulaziz Ibrahim Al Odaiby - Member of the Board of Directors And the ones not attending were: 1. Mr. Faisal Mrzoop Al Fahhadi - Member of the Board of Directors 2. Eng. Muthanna Abdulaziz Al Raqtan - Member of the Board of Directors 3. Eng. Bander Ibrahim Al Odaiby – vice Chairman of the Board of Directors |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | The Chairman of the Audit Committee, Mr. Rayan Omar Al Mofadda attended. |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1- Review the report of the Board of Directors for the fiscal year ended on December 31, 2024 and Discussed
2- Approve on the company's auditor's report for the fiscal year ended on December 31, 2024. 3- Review the financial statements for the fiscal year ended on December 31, 2024 and Discussed 4- Approving to assign Alzoman, Alfahad And Alhajjaj Professional Services as an auditor for the company’s accounts 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 of the fiscal year 2025 , and determine his fees. 5- Approve on discharging the liability of the Board members for the fiscal year ending on 31, 2024. 6- Approve on delegating the Board of Directors to distribute interim dividends for the fiscal year 2025 on bi-annually or quarterly. |
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