Lana Company announces the results of the Extraordinary General Assembly meeting (first meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Lana Company is pleased to announce the results of the Extraordinary General Meeting (First Meeting) |
| City and Location of the General Assembly's Meeting | Riyadh (using the Tadawulati system only), where the meeting was held via modern technology, as announced |
| Date of the General Assembly's Meeting | 2025-11-12 Corresponding to 1447-05-21 |
| Time of the General Assembly’s Meeting | 20:30 |
| Percentage of Attending Shareholders | % 76.83 |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following attended the meeting:
Dr. Mohammed bin Abdullah Al-Shiha
(Chairman of the Board)
Mr. Khalid Saleh Al-Fawzan
(Vice Chairman of the Board)
Mr. Salman Saleh Al-Fawzan
(Board Member and CEO)
Dr. Ahmed Mohammed Abu Abah
(Board Member)
Mr. Abdulrahman Abdulmohsen Al-Mansour
(Board Member)
Mr. Mohammed Ali Al-Jouaan
(Board Member)
Mr. Mohammed Abdulkarim Al-Matroudi
(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 | Committee members attending:
Mr. Khaled Saleh Al-Fawzan
(Chairman of the Nominations and Remuneration Committee)
Mr. Mohammed Al-Ju'aan
(Chairman of the Audit Committee)
Mr. Faisal Al-Nafie
(Chairman of the Governance Committee)
Mr. Mohammed Abdul Karim Al-Matroudi
(Member of the Nominations and Remuneration Committee - Member of the Governance Committee - Member of the Investment Committee)
Mr. Ahmed Mustafa Abu Al-Ela
(Member of the Investment Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | Approval of the stock split as follows:
• Par value per share before the split: (10) ten Saudi Riyals
• Par value per share after the split: (1) one Saudi Riyal
• Number of shares before the split: 5,400,000 shares
• Number of shares after the split: 54,000,000 shares
• There is no change in the company's capital before and after the stock split
• Amendment to Article (6) of the company's Articles of Association related to (the company's capital)
• Effective date: The stock split decision is effective for all shareholders of the company who own shares on the date of the Extraordinary General Assembly meeting and are registered in the company's shareholder register at the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the Extraordinary General Assembly meeting at which the stock split was decided. The effect of the decision will be applied to the share price starting from the business day following the meeting. |
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