Munawla Cargo Co. Announces the Results of the Extraordinary General Assembly Meeting (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Munawla Cargo Company announces to its shareholders the results of the Extraordinary General Assembly Meeting (first meeting), which was held at (18:30) on Thursday, 01/01/1447 AH corresponding to 06/26/2025 AD, at the company’s main headquarters located in Dammam - Al-Rabi’a District - King Khalid Road - via modern technology (remotely) - using Tadawulati services; after the legal quorum for the validity of the meeting of the Assembly was completed |
| City and Location of the General Assembly's Meeting | The company's main headquarters is located in Dammam - Al-Rabi'a District - King Khalid Road - via modern technology (remotely) - using Tadawulati services |
| Date of the General Assembly's Meeting | 2025-06-26 Corresponding to 1447-01-01 |
| Time of the General Assembly’s Meeting | 18:30 |
| Percentage of Attending Shareholders | 82.84% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | . Mr. Khaled Mohammed Saqr Al-Saqer – Chairman of the Board of Directors
2. Mr. Ali Abdullah Mohammed Al-Habdan – Vice Chairman and Chief Executive Officer 3. Mr. Abdul Salam Khaled Mohammed Al-Saqer – Board Member 4. Mr. Abdul Rahman Mohammed Saleh Al-Misnad – Board Member 5. Mr. Abdullah Ali Abdullah Al-Habdan – Board Member |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1. Mr. Abdulrahman Hamad Abdullah Al-Zoman - Chairman of the Audit Committee |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. Approval of the company's auditors' report for the fiscal year ending December 31, 2024, after discussion.
2. Review and discussion of the Board of Directors' report for the fiscal year ending December 31, 2024. 3. Review and discussion of the company's financial statements for the fiscal year ending December 31, 2024. 4. Disapproval of the discharge of the Board of Directors from liability for the fiscal year ending December 31, 2024. 5. Approval of the appointment of Sultan Ahmed Al-Shubaili Company, Accountants and Certified Public Accountants, as the company's auditors, from among the candidates nominated by the Audit Committee, to examine, review, and audit the annual financial statements ending December 31, 2025, and the company's interim financial statements for the first half ending June 30, 2026, for a fee of (185,000) one hundred and eighty-five thousand Saudi riyals. 6. Approval of the Board of Directors' authorization to distribute interim dividends to shareholders on a semi-annual or quarterly basis for the fiscal year ending December 31, 2025. 7. Approval of the transfer of the statutory reserve balance of SAR 2,739,375, as reported in the annual financial statements ending December 31, 2024, to the retained earnings balance. 8. Approval of the amendment to the policy and standards for remuneration of members of the Board of Directors, its committees, and executive management. 9. Approval of the election of Board members from among the candidates for the next term, which begins on July 5, 2025, for a period of four years, ending on July 4, 2029. They are: • Mr. Khaled Mohammed Saqr Al-Saqer • Mr. Ali Abdullah Mohammed Al-Habdan • Mr. Abdul Salam Khaled Mohammed Al-Saqer • Mr. Abdul Rahman Mohammed Saleh Al-Misnad • Mr. Abdullah Ali Abdullah Al-Habdan |
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