Leaf Global Environmental Services Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Leaf Global Environmental Services Company is pleased to announce the results of the General Assembly meeting held at 7:15 pm on Thursday, 26/06/2025 AD. The meeting was held remotely using modern technology, after the legal quorum for the meeting was achieved. |
| City and Location of the General Assembly's Meeting | At the company's main headquarters in Jeddah - via video and audio communication |
| Date of the General Assembly's Meeting | 2025-06-26 Corresponding to 1447-01-01 |
| Time of the General Assembly’s Meeting | 19:15 |
| Percentage of Attending Shareholders | 82.71% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | All Board Members Attended the General Assembly.
Mr. Abdullah Saleh Bin Laden (Chairman of the Board)
Mr. Meshaal Ghanim Aljuhani (Vice Chairman of the Board)
Mr. Rizwan Babar (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 | Mr. Haitham Kamal Mansi (Audit Committee Chairman) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. Reviewing the Board of Directors' report for the fiscal year ending December 31, 2024.
2.Reviewing the financial statements for the fiscal year ending December 31, 2024.
3. Approval of the Company's Auditor's Report for the fiscal year ending December 31, 2024.
4. Approval was given to appoint El-Sayed El-Ayouti & Partners, Certified Public Accountants and Auditors as the company’s external auditor from among the nominated firms, based on the recommendation of the Audit Committee, to examine, review, and audit the semi-annual and annual financial statements for the fiscal year 2025, and to determine their remuneration.
5.Approval of the Board of Directors' recommendation to distribute cash dividends in the amount of (10,000,000 ) SAR to shareholders for the fiscal period ending on December 31, 2024, at a rate of SAR 2.00 per share, representing 40% of the share capital. Eligibility shall be for shareholders holding shares at the end of the trading day on which the General Assembly is convened and who are registered in the company’s shareholder registry at the Securities Depository Center Company (Edaa) at the end of the second trading day following the eligibility date. Dividend distribution will commence by transferring the amounts to the bank accounts linked to the eligible shareholders’ portfolios starting from July 10, 2025.
6. Approval of the disbursement of an amount of 300,000 riyals as remuneration to members of the Board of Directors for the fiscal year ending on December 31, 2024.
7. Approval of the discharge of the Board of Directors from liability for the fiscal year 2024. |
| Additional Information | If you have any questions, please contact the Investor Relations Department via email at:
ir@lges.com.sa |
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