Money and business
The “Training” general assembly agrees to works and contracts with related parties
Takkin Technical Industries Company announced the results of the Sixteenth General General Assembly meeting (the first meeting), which was held on Monday.
The company said in a statement on Saudi Arabia’s circulation: The results included:
1. See the report of the Board of Directors for the financial year ending and discussing and discussing it.
2. Approval of the company’s audit auditor’s report on the fiscal year ending on 12/23/2024 after its discussion.
3. See the financial statements for the fiscal year ending and discussing and discussing them.
4. Approval to discharge the members of the Board of Directors for the fiscal year ending on 12/23/2024.
5. Approval of the decision of the Board of Directors to appoint Eng. Abdulaziz Muhammad Al -Othman as a non -executive member of the Board of Directors starting from the date of his appointment on 12/2024/16 for the work of the council’s session until the date of the end of the current session on 20/1/20/2026 to succeed former member Jamil Abdullah Al -Muhaimid, member of the board of directors.
6. Approval of the appointment of Al -Kharashi Al Kharshi & Co – Forvis (Mazars) The company’s account references are among the candidates based on the recommendation of the review committee, to examine, review and audit the financial statements for the second quarter, the third quarter and the annual lists for the year 2025, and the first quarter of the fiscal year 2026, and to determine its fees of (1,000,000) riyals.
7. Approval of amending the policies, standards, nomination and appointment procedures in the Board of Directors.
8. Approval of amending the policy of the Board of Directors of the Board of Directors and the committees emanating from the Council and the Executive Administration.
9. Approval of amending the regulations of the nominations and bonuses committee.
10. Approval of the list and charter of environmental and social practices and institutional governance.
11. Approval of the business and contracts that will take place between the Taksa Company and the Othman Production and Agricultural Manufacturing Company (Nada) – a subsidiary of Al -Othman Holding Company, one of the senior shareholders in the company, which has the Chairman of the Board of Directors, Abdul Mohsen bin Muhammad Al -Othman, as he is one of the senior executives and one of the owners at Al -Othman Holding Company, and a member of the Board of Directors, Eng. Abdulaziz bin Muhammad Al -Othman, as one of the senior executives and one Angel at Al -Othman Holding Company, and a member of the Board of Directors, George Antonius Abraham as a member of the Board of Directors to Al -Othman Holding Company, an indirect interest in it and licensing for the period of dealing from 01/01/2025 to 12/31/2025. It is the agreement to supply bottles and packaging packages from the companies affiliated with the Takiba company based on the orders of purchase and a mechanism of clear and specific delivery terms, knowing that the value of transactions in 2024 amounted to 92,708,946 riyals, knowing that these transactions are based on commercial foundations without preferential conditions.
12. Approval of the business and contracts that will take place between the Taksa Company and the Othman Production and Agricultural Manufacturing Company (Nada) – a subsidiary of Al -Othman Holding Company, one of the senior shareholders in the company, which has the Chairman of the Board of Directors, Abdul Mohsen bin Muhammad Al -Othman, as he is one of the senior executives and an angel at Al -Othman Holding Company, and a member of the Board of Directors, Eng. Abdulaziz bin Muhammad Al -Othman, as one of the senior executives and one Angel at Al -Othman Holding Company, and a member of the Board of Directors, George Antonius Abraham as a member of the Board of Directors to Al -Othman Holding Company, an indirect interest in it and licensing for the period of dealing from 01/01/2025 to 12/31/2025.
It is the services of employee housing, support and public maintenance services, insect control and reptiles, knowing that the value of dealing in 2024 amounted to (3,238,070) riyals, knowing that these transactions are based on commercial foundations without preferential conditions.
13. Approval of the business and contracts that will take place between the Taksa Company and the Othman Holding Company, one of the major shareholders in the company, and that the Chairman of the Board of Directors, Abdul Mohsen bin Muhammad Al -Othman, has as a senior executive and one of the owners at Al -Othman Holding Company, and a member of the Board of Directors, Engineer Abdulaziz bin Muhammad Al -Othman, as he is one of the senior executives and one of the owners at Al -Othman Holding Company, and a member of the Board of Directors, George Anthony Abraham, as a member of the Board of Directors of Al -Othman Holding Company, is an indirect interest in it and licensing the period of dealing from 01/01/2025 to 12/31/2025. It is an agreement to rent the land of the Saudi Plastic Plastic Company for packaging systems within the lands of Al -Othman Holding Company in Al -Jarn, knowing that the value of dealing in 2024 was (230,000) riyals, knowing that these transactions are based on commercial foundations without preferential conditions.
14. Approval of the business and contracts that will take place between the Taksa Company and Al -Othman Holding Company, one of the major shareholders in the company, which the Chairman of the Board of Directors, Abdul Mohsen bin Muhammad Al -Othman, has as a senior executive and one of the owners at Al -Othman Holding Company, and a member of the Board of Directors, Engineer Abdulaziz bin Muhammad Al -Othman, as he is one of the senior executives and one of the owners at Al -Othman Holding Company, and a member of the Board of Directors, George Antonius Abraham, as a member of the Board of Directors of Al -Othman Holding Company, is an indirect interest in it and licensing the period of dealing from 01/01/2025 to 12/31/2025.
It is an agreement to rent the company’s headquarters from Al -Othman Holding Company in Al -Othman Tower, including maintenance expenses based on fair market prices, knowing that the value of dealing in 2024 amounted to 600,918 riyals, knowing that these transactions are based on commercial foundations without preferential conditions.
15. Approval of the business and contracts that will take place between the Takiba Company and the Othman Holding Company, one of the major shareholders in the company, and that the Chairman of the Board of Directors, Abdul Mohsen bin Muhammad Al -Othman, has as senior executives and one of the owners at Al -Othman Holding Company, and a member of the Board of Directors, Engineer Abdulaziz bin Muhammad Al -Othman, as he is one of the senior executives and one of the owners at Al -Othman Holding Company, and a member of the Board of Directors, George Anthony Abraham, as a member of the Board of Directors of Al -Othman Holding Company, is an indirect interest in it and licensing the period of dealing from 01/01/2025 to 12/31/2025. It is an agreement to provide management services for insurance policies for the Training Company and its subsidiaries based on fair market fees and prices, knowing that the value of dealing in 2024 amounted to (1,209,224) riyals, knowing that these transactions are based on commercial foundations without preferential conditions.
16. Approval of the business and contracts that will take place between the Taksa Company and the Othman Industrial Marketing Company (EMECO) – a subsidiary of Al -Othman Holding Company, one of the senior shareholders in the company, which has the Chairman of the Board of Directors, Abdul Mohsen bin Muhammad Al -Othman, as he is one of the senior executives and one of the owners at Al -Othman Holding Company, and a member of the Board of Directors, Eng. Abdulaziz bin Muhammad Al -Othman, as a senior executive and one Al -Othman Holding, Member of the Board of Directors, George Antonius Abraham as a member of the Board of Directors to Al -Othman Holding Company, an indirect interest in it and licensing for the period of dealing from 01/01/2025 to 12/31/2025. It is an agreement to supply industrial supplies and tools to the companies affiliated with the Takiba company based on the orders of purchase and a clear and specific price delivery mechanism. Note that the value of dealing in 2024 amounted to (14,483) riyals, knowing that these transactions are based on commercial foundations without preferential conditions.
17. Approval of the business and contracts that will take place between the Training Company and the Mohamed Al -Othman Contracting Foundation owned by the Chairman of the Board of Directors of Al -Othman Holding Company, one of the senior shareholders in the company, and that each of the Chairman of the Board of Directors, Abdul Mohsen bin Muhammad Al -Othman, has as a senior executive and one of the owners at Al -Othman Holding Company, and a member of the Board of Directors, Eng. Abdulaziz bin Muhammad Al -Othman, as one of the senior executives and one of the owners of the Othman Company Holding, and member of the Board of Directors, George Antonius Abraham as a member of the Board of Directors to Al -Othman Holding Company, an indirect interest in it and the license for the period of dealing from 01/01/2025 to 12/31/2025.
It is an agreement to provide construction services and decoration work for the factories of training companies affiliated with orders, requests for purchase, and clear and specific price delivery mechanisms. Note that the value of dealing in 2024 amounted to (64,602) riyals, knowing that these transactions are based on commercial foundations without preferential conditions.
18. Approval of the business and contracts that will take place between the Taksa Company and the Kempinski Al -Othman Hotel – a subsidiary of Al -Othman Holding Company, one of the senior shareholders in the company, which has the Chairman of the Board of Directors, Abdul Mohsen bin Muhammad Al -Othman, as he is one of the senior executives and an angel at Al -Othman Holding Company, and a member of the Board of Directors, Engineer Abdulaziz bin Muhammad Al -Othman, as he is one of the senior executives and one of the owners to Al -Othman Holding Company, And the member of the Board of Directors, George Antonius Abraham as a member of the Board of Directors to Al -Othman Holding Company, an indirect interest in it and the license for the period of dealing from 01/01/2025 to 12/31/2025. It is an agreement to provide housing and hospitality services for guests and guests of the Takbaka company based on fair market fees and prices. Note that the value of dealing in 2024 was (59,305) riyals, knowing that these transactions are based on commercial foundations without preferential conditions.
19. Approval of the business and contracts that will take place between the Training Company and the Environmental Cleaning Technology Company for Consulting and Environmental Studies – a subsidiary of Al -Othman Holding Company, one of the senior shareholders in the company, which has the Chairman of the Board of Directors, Abdul Mohsen bin Muhammad Al -Othman, as he is one of the senior executives and one of the owners at Al -Othman Holding Company, and a member of the Board of Directors, Eng. Abdulaziz bin Muhammad Al -Othman, as one of the senior executives and one Angel at Al -Othman Holding Company, and a member of the Board of Directors, George Antonius Abraham as a member of the Board of Directors at Al -Othman Holding Company, an indirect interest in it and licensing for the period of dealing until 12/21/25. It is the agreement to provide advisory services and environmental studies that help in obtaining environmental licenses for all affiliated training companies. Note that the value of dealing in 2024 was (8,625) riyals, knowing that these transactions are based on commercial foundations without preferential conditions.
20. Approval of the business and contracts that will take place between the Training Company and the Gulf Chemical Desert Company – a subsidiary of Al -Othman Holding Company, one of the senior shareholders in the company, which has the Chairman of the Board of Directors, Abdul Mohsen bin Muhammad Al -Othman, as he is one of the senior executives and an angel at Al -Othman Holding Company, and a member of the Board of Directors, Eng. Abdulaziz bin Muhammad Al -Othman, as a senior executive and one The Holding, and a member of the Board of Directors, George Antonius Abraham as a member of the Board of Directors to Al -Othman Holding Company, is an indirect interest in it and the license for the period of dealing to 12/2025/231. It is an agreement to supply chemicals for companies affiliated to training when needed and based on purchase orders and a clear and specific price delivery mechanism. Note that the value of dealing in 2024 was (0) riyals, knowing that these transactions are based on commercial foundations without preferential conditions.
21. Approval of the business and contracts that will take place between the Taksa Company and Al -Ahsa Medical Services Company – a subsidiary of Al -Othman Holding Company, one of the major shareholders in the company, which has the Chairman of the Board of Directors, Abdul Mohsen bin Muhammad Al -Othman, as he is one of the senior executives and an angel at Al -Othman Holding Company, and a member of the Board of Directors, Eng. Abdulaziz bin Muhammad Al -Othman, as one of the senior executives and one of the owners to Al -Othman Holding Company, And the member of the Board of Directors, George Antonius Abraham as a member of the Board of Directors to Al -Othman Holding Company, an indirect interest in it and the license for the period of dealing from 12/23/25 to 2025/01/01.
22. Approval of the business and contracts that took place during the fiscal year ending on 12/12/2024 between the Training Company for Industries and the advanced fabric factory company (Saf), the sister company in which the Taktuq Company owns a 30% stake – which has a member of the Board of Directors George Antonius Abraham, as a member of the Board of Directors at Al -Othman Holding Company and has an indirect interest in it, which is an agreement to supply services to (Saf), and includes purchase Raw materials from SABIC, and provide administrative services such as information, review and treasury systems, in addition to financing working capital, knowing that the value of transactions in 2024 amounted to 55,393,144 riyals, knowing that these transactions are based on commercial foundations without preferential conditions.
The company said in a statement on Saudi Arabia’s circulation: The results included:
1. See the report of the Board of Directors for the financial year ending and discussing and discussing it.
2. Approval of the company’s audit auditor’s report on the fiscal year ending on 12/23/2024 after its discussion.
3. See the financial statements for the fiscal year ending and discussing and discussing them.
4. Approval to discharge the members of the Board of Directors for the fiscal year ending on 12/23/2024.
5. Approval of the decision of the Board of Directors to appoint Eng. Abdulaziz Muhammad Al -Othman as a non -executive member of the Board of Directors starting from the date of his appointment on 12/2024/16 for the work of the council’s session until the date of the end of the current session on 20/1/20/2026 to succeed former member Jamil Abdullah Al -Muhaimid, member of the board of directors.
6. Approval of the appointment of Al -Kharashi Al Kharshi & Co – Forvis (Mazars) The company’s account references are among the candidates based on the recommendation of the review committee, to examine, review and audit the financial statements for the second quarter, the third quarter and the annual lists for the year 2025, and the first quarter of the fiscal year 2026, and to determine its fees of (1,000,000) riyals.
7. Approval of amending the policies, standards, nomination and appointment procedures in the Board of Directors.
8. Approval of amending the policy of the Board of Directors of the Board of Directors and the committees emanating from the Council and the Executive Administration.
9. Approval of amending the regulations of the nominations and bonuses committee.
10. Approval of the list and charter of environmental and social practices and institutional governance.
11. Approval of the business and contracts that will take place between the Taksa Company and the Othman Production and Agricultural Manufacturing Company (Nada) – a subsidiary of Al -Othman Holding Company, one of the senior shareholders in the company, which has the Chairman of the Board of Directors, Abdul Mohsen bin Muhammad Al -Othman, as he is one of the senior executives and one of the owners at Al -Othman Holding Company, and a member of the Board of Directors, Eng. Abdulaziz bin Muhammad Al -Othman, as one of the senior executives and one Angel at Al -Othman Holding Company, and a member of the Board of Directors, George Antonius Abraham as a member of the Board of Directors to Al -Othman Holding Company, an indirect interest in it and licensing for the period of dealing from 01/01/2025 to 12/31/2025. It is the agreement to supply bottles and packaging packages from the companies affiliated with the Takiba company based on the orders of purchase and a mechanism of clear and specific delivery terms, knowing that the value of transactions in 2024 amounted to 92,708,946 riyals, knowing that these transactions are based on commercial foundations without preferential conditions.
12. Approval of the business and contracts that will take place between the Taksa Company and the Othman Production and Agricultural Manufacturing Company (Nada) – a subsidiary of Al -Othman Holding Company, one of the senior shareholders in the company, which has the Chairman of the Board of Directors, Abdul Mohsen bin Muhammad Al -Othman, as he is one of the senior executives and an angel at Al -Othman Holding Company, and a member of the Board of Directors, Eng. Abdulaziz bin Muhammad Al -Othman, as one of the senior executives and one Angel at Al -Othman Holding Company, and a member of the Board of Directors, George Antonius Abraham as a member of the Board of Directors to Al -Othman Holding Company, an indirect interest in it and licensing for the period of dealing from 01/01/2025 to 12/31/2025.
It is the services of employee housing, support and public maintenance services, insect control and reptiles, knowing that the value of dealing in 2024 amounted to (3,238,070) riyals, knowing that these transactions are based on commercial foundations without preferential conditions.
13. Approval of the business and contracts that will take place between the Taksa Company and the Othman Holding Company, one of the major shareholders in the company, and that the Chairman of the Board of Directors, Abdul Mohsen bin Muhammad Al -Othman, has as a senior executive and one of the owners at Al -Othman Holding Company, and a member of the Board of Directors, Engineer Abdulaziz bin Muhammad Al -Othman, as he is one of the senior executives and one of the owners at Al -Othman Holding Company, and a member of the Board of Directors, George Anthony Abraham, as a member of the Board of Directors of Al -Othman Holding Company, is an indirect interest in it and licensing the period of dealing from 01/01/2025 to 12/31/2025. It is an agreement to rent the land of the Saudi Plastic Plastic Company for packaging systems within the lands of Al -Othman Holding Company in Al -Jarn, knowing that the value of dealing in 2024 was (230,000) riyals, knowing that these transactions are based on commercial foundations without preferential conditions.
14. Approval of the business and contracts that will take place between the Taksa Company and Al -Othman Holding Company, one of the major shareholders in the company, which the Chairman of the Board of Directors, Abdul Mohsen bin Muhammad Al -Othman, has as a senior executive and one of the owners at Al -Othman Holding Company, and a member of the Board of Directors, Engineer Abdulaziz bin Muhammad Al -Othman, as he is one of the senior executives and one of the owners at Al -Othman Holding Company, and a member of the Board of Directors, George Antonius Abraham, as a member of the Board of Directors of Al -Othman Holding Company, is an indirect interest in it and licensing the period of dealing from 01/01/2025 to 12/31/2025.
It is an agreement to rent the company’s headquarters from Al -Othman Holding Company in Al -Othman Tower, including maintenance expenses based on fair market prices, knowing that the value of dealing in 2024 amounted to 600,918 riyals, knowing that these transactions are based on commercial foundations without preferential conditions.
15. Approval of the business and contracts that will take place between the Takiba Company and the Othman Holding Company, one of the major shareholders in the company, and that the Chairman of the Board of Directors, Abdul Mohsen bin Muhammad Al -Othman, has as senior executives and one of the owners at Al -Othman Holding Company, and a member of the Board of Directors, Engineer Abdulaziz bin Muhammad Al -Othman, as he is one of the senior executives and one of the owners at Al -Othman Holding Company, and a member of the Board of Directors, George Anthony Abraham, as a member of the Board of Directors of Al -Othman Holding Company, is an indirect interest in it and licensing the period of dealing from 01/01/2025 to 12/31/2025. It is an agreement to provide management services for insurance policies for the Training Company and its subsidiaries based on fair market fees and prices, knowing that the value of dealing in 2024 amounted to (1,209,224) riyals, knowing that these transactions are based on commercial foundations without preferential conditions.
16. Approval of the business and contracts that will take place between the Taksa Company and the Othman Industrial Marketing Company (EMECO) – a subsidiary of Al -Othman Holding Company, one of the senior shareholders in the company, which has the Chairman of the Board of Directors, Abdul Mohsen bin Muhammad Al -Othman, as he is one of the senior executives and one of the owners at Al -Othman Holding Company, and a member of the Board of Directors, Eng. Abdulaziz bin Muhammad Al -Othman, as a senior executive and one Al -Othman Holding, Member of the Board of Directors, George Antonius Abraham as a member of the Board of Directors to Al -Othman Holding Company, an indirect interest in it and licensing for the period of dealing from 01/01/2025 to 12/31/2025. It is an agreement to supply industrial supplies and tools to the companies affiliated with the Takiba company based on the orders of purchase and a clear and specific price delivery mechanism. Note that the value of dealing in 2024 amounted to (14,483) riyals, knowing that these transactions are based on commercial foundations without preferential conditions.
17. Approval of the business and contracts that will take place between the Training Company and the Mohamed Al -Othman Contracting Foundation owned by the Chairman of the Board of Directors of Al -Othman Holding Company, one of the senior shareholders in the company, and that each of the Chairman of the Board of Directors, Abdul Mohsen bin Muhammad Al -Othman, has as a senior executive and one of the owners at Al -Othman Holding Company, and a member of the Board of Directors, Eng. Abdulaziz bin Muhammad Al -Othman, as one of the senior executives and one of the owners of the Othman Company Holding, and member of the Board of Directors, George Antonius Abraham as a member of the Board of Directors to Al -Othman Holding Company, an indirect interest in it and the license for the period of dealing from 01/01/2025 to 12/31/2025.
It is an agreement to provide construction services and decoration work for the factories of training companies affiliated with orders, requests for purchase, and clear and specific price delivery mechanisms. Note that the value of dealing in 2024 amounted to (64,602) riyals, knowing that these transactions are based on commercial foundations without preferential conditions.
18. Approval of the business and contracts that will take place between the Taksa Company and the Kempinski Al -Othman Hotel – a subsidiary of Al -Othman Holding Company, one of the senior shareholders in the company, which has the Chairman of the Board of Directors, Abdul Mohsen bin Muhammad Al -Othman, as he is one of the senior executives and an angel at Al -Othman Holding Company, and a member of the Board of Directors, Engineer Abdulaziz bin Muhammad Al -Othman, as he is one of the senior executives and one of the owners to Al -Othman Holding Company, And the member of the Board of Directors, George Antonius Abraham as a member of the Board of Directors to Al -Othman Holding Company, an indirect interest in it and the license for the period of dealing from 01/01/2025 to 12/31/2025. It is an agreement to provide housing and hospitality services for guests and guests of the Takbaka company based on fair market fees and prices. Note that the value of dealing in 2024 was (59,305) riyals, knowing that these transactions are based on commercial foundations without preferential conditions.
19. Approval of the business and contracts that will take place between the Training Company and the Environmental Cleaning Technology Company for Consulting and Environmental Studies – a subsidiary of Al -Othman Holding Company, one of the senior shareholders in the company, which has the Chairman of the Board of Directors, Abdul Mohsen bin Muhammad Al -Othman, as he is one of the senior executives and one of the owners at Al -Othman Holding Company, and a member of the Board of Directors, Eng. Abdulaziz bin Muhammad Al -Othman, as one of the senior executives and one Angel at Al -Othman Holding Company, and a member of the Board of Directors, George Antonius Abraham as a member of the Board of Directors at Al -Othman Holding Company, an indirect interest in it and licensing for the period of dealing until 12/21/25. It is the agreement to provide advisory services and environmental studies that help in obtaining environmental licenses for all affiliated training companies. Note that the value of dealing in 2024 was (8,625) riyals, knowing that these transactions are based on commercial foundations without preferential conditions.
20. Approval of the business and contracts that will take place between the Training Company and the Gulf Chemical Desert Company – a subsidiary of Al -Othman Holding Company, one of the senior shareholders in the company, which has the Chairman of the Board of Directors, Abdul Mohsen bin Muhammad Al -Othman, as he is one of the senior executives and an angel at Al -Othman Holding Company, and a member of the Board of Directors, Eng. Abdulaziz bin Muhammad Al -Othman, as a senior executive and one The Holding, and a member of the Board of Directors, George Antonius Abraham as a member of the Board of Directors to Al -Othman Holding Company, is an indirect interest in it and the license for the period of dealing to 12/2025/231. It is an agreement to supply chemicals for companies affiliated to training when needed and based on purchase orders and a clear and specific price delivery mechanism. Note that the value of dealing in 2024 was (0) riyals, knowing that these transactions are based on commercial foundations without preferential conditions.
21. Approval of the business and contracts that will take place between the Taksa Company and Al -Ahsa Medical Services Company – a subsidiary of Al -Othman Holding Company, one of the major shareholders in the company, which has the Chairman of the Board of Directors, Abdul Mohsen bin Muhammad Al -Othman, as he is one of the senior executives and an angel at Al -Othman Holding Company, and a member of the Board of Directors, Eng. Abdulaziz bin Muhammad Al -Othman, as one of the senior executives and one of the owners to Al -Othman Holding Company, And the member of the Board of Directors, George Antonius Abraham as a member of the Board of Directors to Al -Othman Holding Company, an indirect interest in it and the license for the period of dealing from 12/23/25 to 2025/01/01.
22. Approval of the business and contracts that took place during the fiscal year ending on 12/12/2024 between the Training Company for Industries and the advanced fabric factory company (Saf), the sister company in which the Taktuq Company owns a 30% stake – which has a member of the Board of Directors George Antonius Abraham, as a member of the Board of Directors at Al -Othman Holding Company and has an indirect interest in it, which is an agreement to supply services to (Saf), and includes purchase Raw materials from SABIC, and provide administrative services such as information, review and treasury systems, in addition to financing working capital, knowing that the value of transactions in 2024 amounted to 55,393,144 riyals, knowing that these transactions are based on commercial foundations without preferential conditions.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
Follow Us
