The General Assembly of “Al-Othaim Markets” approves amending and adding articles to the company’s bylaws

Abdullah Al Othaim Markets Company announced the results of the extraordinary general assembly meeting (first meeting) after a quorum was reached.
According to the company’s statement on the Saudi Tadawul, the results of voting on the assembly’s agenda items included:
1) Approval of amending Article (1) of the company’s bylaws, related to incorporation.
2) Approval to amend Article (3) of the company’s bylaws, related to the company’s purposes.
3) Approval of amending Article (5) of the company’s bylaws, related to the company’s head office.
4) Approval of adding an article to the company’s bylaws No. (5) related to the duration of the company.
5) Approval of amending Article (6) of the company’s bylaws, related to the company’s capital and shares.
6) Approval of adding an article to the company’s bylaws No. (8) related to subscription to shares.
7) Approval of amending Article (15) of the company’s bylaws, related to the company’s management.
8) Approval of amending Article (16) of the company’s bylaws, related to the expiration of Board of Directors membership.
9) Approval of amending Article (18) of the company’s bylaws, related to the powers of the Board of Directors.
10) Approval of amending Article (19) of the company’s bylaws, related to the remuneration of members of the Board of Directors.
11) Approval of amending Article (20) of the company’s bylaws, relating to the Chairman of the Board of Directors, his deputy, the managing director and the secretary.
12) Approval of amending Article (31) of the company’s bylaws, related to calling general assemblies.
13) Approval of amending Article (32) of the company’s bylaws, related to the quorum for the ordinary general assembly meeting.
14) Approval of amending Article (33) of the company’s bylaws, related to the quorum for the extraordinary general assembly meeting.
15) Approval of amending Article (34) of the company’s bylaws, related to voting in general assemblies.
16) Approval of amending Article (37) of the company’s bylaws, related to chairing general assemblies and preparing their minutes.
17) Approval of adding an article to the company’s bylaws No. (32) related to preparing minutes of assemblies.
18) Approval of amending Article (41) of the company’s bylaws, related to the financial year.
19) Approval of amending the name of Chapter Six of the company’s bylaws related to the company’s accounts and distribution of profits.
20) Approval of adding Chapter Eight to the Basic Law related to final provisions.
21) Approval of paying additional fees, based on the recommendation of the Audit Committee, to the auditor of Ernst & Young Professional Services Company, amounting to (390,000) riyals in exchange for additional working hours to examine and review the company’s financial statements for the year 2023 AD.