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Ash-Sharqiyah Development Company announces of the results of its Ordinary General Assembly Meeting (2 st meeting ))

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Introduction Ash-Sharqiyah Development Company announces the results of the 43st ordinary general assemply meeting (the second meeting). Since the first meeting was not held due to the lack of quorum, the second meeting was held after one hour of the first meeting as indicated in the invitation
City and Location of the General Assembly's Meeting Dammam - Al Nakheel King Khalid Bin Abdul Aziz Street Clock Tower Building , Where the association meeting was held by modern technical means
Date of the General Assembly's Meeting 2020-07-12 Corresponding to 1441-11-21
Time of the General Assembly's Meeting 19:30
Percentage of Attending Shareholders 13.24
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees attended the meeting:

Dr. / Abdulaziz bin Abdul Rahman Al Shamekh (Chairman of the Board)

Mr. Muhammad Bin Abdullah Al-Hujailan (Vice Chairman, Chairman of the Executive Committee, Managing Director and Designated CEO)

And Mr. Muhammad bin Ahmed Al-Rahma

And Mr. Abdullah bin Ahmed Abu Dhiab (Chairman of the Nomination and Remuneration Committee.

Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf Mr. Muhammad Bin Abdullah Al-Hujailan (Chairman of the Executive Committee)

And Mr. Khalid bin Abdul Hamid Al Shihab (Chairman of the Audit Committee)

And Mr. Abdullah bin Ahmed Abu Dhiab (Chairman of the Nomination and Remuneration Committee .

Voting Results on the Items of the General Assembly's Meeting Agenda's (1) The disapproval on the formation of the audit committee, its tasks, work controls and rewards of its members for the new session starting from 20-07-2020 until the end of the course on the date of 19-07-2023 the following candidates:

1- Ali Al-Jaafari

2- Abdullah Al-Shaqha`a

3- Muhammad Al-Owaid

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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