The general “Dar Al -Arkan” agrees to elect 6 members of the Board of Directors
Dar Al -Arkan Real Estate Development Company announced today the results of the regular general assembly meeting (the first meeting), which was held on Sunday. See the Board of Directors’s report for the fiscal year ending 12/31/2024 AD and discuss it. Approval of the company’s audit auditor’s report on the fiscal year ending 12/31/2024 AD after its discussion. See the financial statements for the fiscal year ending 12/12/2024 AD. Approval of the appointment of Turki Abdul Mohsen Al -Lahid and Saleh Abdullah Al -Yahya Accountants and legal auditors, accounting auditor for the company 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 12/31/2026 AD, and determining his fees in an amount of 820,000 riyals that are not inclusive of value -added tax. Approval of the business and contracts that will be carried out for the fiscal year ending 12/31/2025 AD between the company and Sahl Finance Company, which is for a member of the Board of Directors: Youssef bin Abdullah Al -Shalash (non -executive member) an indirect interest in it, which is a financing for some customers of Dar Al -Arkan Company to buy housing. During the year 2024 AD, sales amounted to 2.173 million riyals, which was paid by a company "easy" During the year, there was no existing or worthy balance. It is continuous transactions and is renewed annually and is done 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 were carried out for the fiscal year ending 12/31/2024 AD between the company and the Global BLC company, and the license for it for the next year, which is for a member of the Board of Directors: Youssef bin Abdullah Al -Shalash (a non -executive member) an indirect interest in it. It is the provision of financing facilities for Global BLC. During the year 2024 AD, the value of the loan amounted to 799.082 million riyals, and the balance due on December 31, 2024 AD amounted to 799.082 million riyals. They are continuous transactions that are renewed annually and are carried out in the context of normal business and according to the prevailing commercial conditions and without any preferential conditions. Approval of the discipline of the members of the Board of Directors for the year ending 12/31/2024 AD. Approval of the payment of a reward for the members of the Board of Directors in the amount of 3 million riyals for the fiscal year ending on 12/31/2024 AD. Approval of the Board of Directors to distribute interim profits in a half or a quarterly in the fiscal year ending on 12/31/2025 AD. Approval of the election of the members of the Board of Directors from among the candidates for the next session, which starts from 6/26/2025 AD and its duration is 4 AD, as it ends on 6/22/2029 AD.
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