“Sadafco” general agrees to works and contracts with related parties
The Saudi Dairy and Food Products Company (SDFCO) announced today the results of the regular general assembly meeting (the first meeting), which was held yesterday Tuesday. The financial statements of the company for the fiscal year ending and discussing and discussing them. "BW C.") As the company’s account references from among the candidates based on the recommendation of the review committee; This is to examine, review and audit the financial statements for the second, third and annual quarter of the fiscal year ending on 12-31-2025 AD, and the first quarter of the fiscal year ending on 31-12-2026 AD, with fees of (875,000) riyals. 31-12-2024 AD. In terms of the ordinary general assembly with the license contained in paragraph (1) of Article 27 of the companies system, for a period of one year from the date of the approval of the General Assembly or until the end of the Board of Directors, whichever is earlier, according to the conditions mentioned in the executive regulations of the system of companies for the included joint stock companies. An indirect interest in it, which is insurance services and there are no preferential conditions, and the value of transactions for the fiscal year reached from 01-01-2024 AD to 31-12-2024 AD an amount of 9,582,350 riyals. Administration, Sheikh / Sabah Mohamed Abdel Aziz Al-Sabah, member of the Board of Directors, an indirect interest in it, which are different advisory services and there are no preferential conditions, and the value of transactions for the fiscal year reached from 01-01-2024 AD to 31-12-2024 AD an amount of 1,758,723 riyals. The Chairman of the Board of Directors, Faisal Hamad Mubarak Al-Ayyar, member of the Board of Directors, and Sheikh / Sabah Mohamed Abdel Aziz Al-Sabah, member of the Board of Directors, is an indirect interest in it, which is a contract to implement maintenance and operation of the solar PV system on the roofs of the Jeddah Central warehouse and there are no preferential conditions, and the value of transactions for the fiscal year reached from 01-01-2024 AD to 31-12-2024 AD an amount of 125,062 riyals. /> 12- Approval of the business and contracts that took place between the company and the Saudi specialized food services company, which is for the deputy chairman Saeed Ahmed Saeed in the name of an indirect interest in it, which is a contract to distribute specific products from Sixfco for retail stores, hotels, restaurants and catering agents and there are no preferential conditions, and the value of transactions for the financial year reached from 01-01-2024 AD to 31-12-12-2024 AD amount and amount 1,894,106 riyals.
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