Abdullah Al Othaim Markets Co. — AGM Information 2012

Sep 30, 2012

Abdullah Al Othaim Markets Company Announces modification and additions to the agenda of the Fourth Ordinary General Assembly

4001 · 30/09/2012 16:14:44 · Announcement #27107 · View on Saudi Exchange

Abdullah Al Othaim Markets Company Announces modification and additions to the agenda of the Fourth Ordinary General Assembly

Abdullah Al Othaim Markets Company is pleased to announce to its shareholders that modifications and new items will be added to the agenda of the fourth ordinary General Assembly scheduled on Wednesday Oct. 3, 2012, at 4 pm in Al-Othaim Training Academy located on Eastern Ring Road between 14 and 15 in Riyadh city. The new agenda would be as follows:

1. Approve the election of a new board of directors from among the candidates for its second session for a period of three years starting from the date of the general Assembly.

2. Approve the works done by the Board of Directors of the expiry date of its current session until the date of the Ordinary General Assembly.

3. Approve the Board of Directors' proposal to distribute cash dividends for the year 2011 at SR (1) one riyal per share. Eligible shareholders are those who owns the shares at the end of trading of the general assembly meeting day.

4. Approve the Boards proposal to pay bonuses for its members at SR 150,000 for each member and SR 170,000 for the Chairman of the Board, plus transportation allowance of SR 3,000 for each meeting attended. In addition to bonus for committees attended by the Board members of SR 25,000 for each member plus transportation allowance of SR 1,500 for each meeting attended during 2011 as reported in the annual Board's report for the year ended 31/12/2011.

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