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Saudia Dairy and Foodstuff Co. Announces the Results of the Extraordinary General Assembly Meeting, ( First Meeting )

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Introduction Saudia Dairy and Foodstuff Co. announces the results of the Extraordinary General Assembly meeting (First Meeting). The meeting held at Jeddah Hilton Hotel – AMWAJ Hall - on Tuesday 06/04/1441 (Om Al Qura calendar) corresponding to 03/12/2019 at 6:30 pm, and reached an attendance of (60.12%) Percent of the total shares of the Company.
City and Location of the General Assembly's Meeting Jeddah Hilton hotel – AMWAJ Hall.
Date of the General Assembly's Meeting 2019-12-03 Corresponding to 1441-04-06
Time of the General Assembly's Meeting 18:30
Percentage of Attending Shareholders 60.12%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees 1- Mr. Ahmed Mohamed Hamid Al-Marzouqi (Member of the Board of Directors and member of the Audit Committee) and under the authorization of Mr. Faisal Hamad Mubarak Al Ayyar, Vice Chairman.

2- Mr. Mas'ed Abdullah Al-Nassar (Board Member) and under the authorization of His Highness Sheikh Hamad Sabah Al-Ahmad (Chairman) to attend and preside over the Extraordinary General Assembly Meeting.

3- Mr. Sulaiman Saud Al-Jarallah (Member of the Board of Directors and Chairman of the Nomination and Remuneration Committee) and under the authority of Mr. Abdullah Yaqoub Bishara (Board Member)

4- Mr. Saeed Ahmed Saeed Basmah (Member of the Board of Directors) (Absent)

Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf 1- Suliman Saud Al-Jar Allah (Chairman of the Nomination and Remuneration Committee)
Voting Results on the Items of the General Assembly's Meeting Agenda's 1- Approved purchase of up to 2,749,750 company shares to be used as treasury shares. Purchase of shares will be funded by the company from its own resources, and authorizing the BOD to finalize the purchase transaction, within a maximum period of twelve (12) months from the date of the above mentioned Extraordinary General Assembly Meeting.

2- Approved to hold the purchased treasury shares for a period up to 5 years. After the elapse of this period, the company will follow the necessary relevant rules and regulations.

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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