Almarai Co. — AGM Information 2015

Mar 31, 2015

Almarai invites its shareholders to the General Assembly Meeting (First Meeting) (Reminder)

2280 · 31/03/2015 15:49:17 · Announcement #37857 · View on Saudi Exchange

Almarai invites its shareholders to the General Assembly Meeting (First Meeting) (Reminder)

The Board of Directors of Almarai Company, a Saudi Joint Stock Company, is pleased to invite its shareholders to the General Assembly Meeting to be held in Riyadh at the Holiday Inn Al Izdehar Hotel - Al Izdehar Hall number 3 on the 5th of April 2015 at 8:30 p.m. to consider the following agenda:1- Approve the Board Report for the fiscal year ended 31/12/2014.2- Approve the Auditors report for fiscal year ended 31/12/2014.3- Approve the consolidated Financial Statements for the fiscal year ending 31/12/2014.4- Approve the recommendation of the Board of Director to pay a dividend for the fiscal year ending 31/12/2014 of SR 1.00 per share totaling SR 600.0 million (representing 10% of the paid up capital), for shareholders registered at the date of the General Assembly Meeting on 5 April 2015 (The date of the cash dividend payment will be confirmed at the General Assembly) This proposed cash dividend represents 10% of the nominal value of each share.5- To release Board of Directors members from liability for the fiscal year ending 31/12/2014.6- Approve the directors remuneration amounting to SAR 1,800,000 by SAR 200,000 for each member for the financial year ended 31/12/2014.7- Approve the recommendation of the Board of Directors appointing an auditor from among the candidates by the Audit and Risk Committee, to review the company's accounts for the fiscal year 2015 interim and annual financial statements, and determine their fees.8- Approval on the nomination of HE Eng Abdullah bin Mohammed Noor Rahimi, a member of the board of directors instead of a board member who resigned, Dr. Abdul Rauf Bin Mohammed Manna, that HE Eng Abdullah bin Mohammed Noor Rahimi complements term of his predecessor in the current session, which began on 7 August 2013 and ends on August 6, 2016.9- Approval of all businesses and contracts that have direct or indirect interest to the Chairman HH Prince Sultan bin Mohammed bin Saud Al Kabeer and licensing for another year, ( As attached ). 10- Approval of all businesses and contracts that have direct or indirect interest to the Board of Directors Engr. Nasser bin Mohammed Al Muttawa and licensing for another year, ( As attached ).11- Approval of the Lease Contract between Almarai Company and Mr. Abdulaziz bin Ibrahim Al Muhanna, as this is an indirect interest with Mr. Abdulrahman bin Abdulaziz Al Muhanna (managing director). The lease is for rent of land for Almarai's distribution center in Sharjah costing SAR 173 thousands, for twenty years starting on 10 April 2001 to 9 April 2021 and licensing for another year by the prevailing business conditions.12- Approval of all businesses and contracts that have direct or indirect interest to Savola Group which have representatives in the Board of Directors, and licensing for another year, ( As attached ).13- Approval to the Board Member Mr. Abdulrahman bin Abdulaziz Al-Muhanna to participate in the work of a competitor of the company, of being a member of the board of the Arab Company for Agricultural Services (Arasco) that engage in similar activity of the company in poultry.Each shareholder owning twenty (20) shares or more have the right to attend the General Assembly Meeting, whether in person or by proxy, subject to presentation of corroborating evidence or a written power of attorney endorsed by the Chamber of Commerce authorizing another shareholder, other than a member of the Board of Directors or employee of the Company, to attend on their behalf and it should be sent to P.O. Box 8524 Riyadh 11492. The General Assembly Meeting will be quorum with 51% of the capital of the Company. Shareholders are requested to arrive 30 minutes prior the commencement of the meeting in order to complete the necessary registration procedures. Contact details: 0114700005

Attached Documents

• 

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.