The “candles of the past” general agrees to convert the reserve balance into the profits
Today, the candles company announced today, the results of the extraordinary general assembly meeting (the first meeting), which was held last Thursday. Approval of the company’s audit auditor’s report on the fiscal year ending December 31, 2024 AD after its discussion. See the Board of Directors’s report for the fiscal year ending and discussing it. See the financial statements of the company for the fiscal year ending on December 31, 2024 AD and discuss them. Approval of the Persons of the Board of Directors for the fiscal year ending on December 31, 2024 AD. Approval of the appointment of a company for professional consulting – as an auditor for the company from among the candidates based on the recommendation of the review committee; This is to examine, review and audit the annual financial statements of the company ending on 12-31-2025 AD and the initial financial statements of the company for the first half ended on 30 2013-2026 AD, with fees and amount to (261,000) riyals. M. Approval of transferring the formal reserve balance of (2,700,000) riyals, as well as in the annual financial statements ending (12/31/2024 AD) for the balance of the remaining profits. Approval of the business and contracts that took place between the company and the integrated taste institution, which the Chairman of the Board (Thani Abdulaziz Al -Ahmad) has an indirect interest in which he is the father of the owner of the institution, which is transactions (sales of the company’s products), knowing that the value of transactions during the year 2024 AD is an amount of (10,328,612) riyals (city transactions) and the value of the amount paid during the year 2024 AD (7,018,754) riyals The final balance of 2024 AD is (3,309,858) riyals, and these transactions are carried out in the context of normal business and according to the prevailing commercial conditions and without any preferential conditions. Approval of the business and contracts that took place between the company and the performance solutions company, which the Chairman of the Board (Thani Abdulaziz Al -Ahmad) is an indirect interest in which he is the owner of the company and its manager, which is transactions (payments provided to buy machines and equipment for manufacturing), knowing that the value of transactions during the year 2024 AD is (1,940,491) riyals (city transactions) and the value of the amount paid during the year 2024 AD is an amount (2,193,097) riyals, and the final balance of 2024 AD is (1,328,067) riyals, and these transactions are done in the context of regular business and according to the prevailing commercial conditions and without any preferential conditions. Approval of the business and contracts that took place between the company and the Innovation Resources Company, which the Chairman of the Board (Thani Abdulaziz Al -Ahmad) has an indirect interest in which he is the owner of the company and its manager, which is a transactions (plastic boxes purchases for packing), knowing that the value of transactions during the year 2024 AD is (1,918,938) riyals (city transactions) and the value of the amount paid during the year 2024 AD (1,637,216) riyals The final balance of 2024 AD is (176,046) riyals, and these transactions are carried out in the context of normal business and according to the prevailing commercial conditions and without any preferential conditions. Approval of the amendment of Article (13) of the company’s basic system related to (stock trading). Approval to delete Article (14) of the company’s basic system related to (shareholders record). Approval of deleting Article (44) of the company’s basic system related to (issuing public association decisions to pass).
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