| Introduction |
Tam Development Company announces to its shareholders the results of the Extraordinary General Assembly meeting (the first meeting), which was held at 19:00 pm on Sunday, Safar 11, 1445 AH, corresponding to August 27, 2023 AD, at the company's headquarters (in Riyadh) - through modern technology using the Tadawulaty Service; This is after the completion of the legal quorum for the validity of the meeting of the assembly |
| City and Location of the General Assembly's Meeting |
Riyadh |
| Date of the General Assembly's Meeting |
2023-08-27 Corresponding to 1445-02-11 |
| Time of the General Assembly's Meeting |
19:00 |
| Percentage of Attending Shareholders |
68.893% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees |
(1) Mr. Omar Abdul Rahman Al Jeraisy (Chairman)
(2) Mr. Ali Muhammad Saadi Shnaimer (Vice Chairman)
(3) Mr. Samer Saeed Jundi (Board Member)
(4) Dr. Abdullah Nadeem Muhammad Elias (Board Member)
(5) Mr. Abdullah Anwar Muhammad Youssef (Board Member / Managing Director) |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf |
(1) Dr. Abdullah Nadim Muhammad Elias (Chairman of the Nominations and Remunerations Committee)
(2) Mr. Ahmed Abdel Rahman Mohamed Jaber (Chairman of the Audit Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's |
(1) Approval of the Board of Directors’ recommendation to distribute cash dividends in the amount of (2,799,900) two million, seven hundred and ninety-nine thousand and nine hundred riyals to the shareholders for the financial period 12/31/2022 AD, at the rate of (85 riyals) eighty-five halalas per share, at a rate of (8.5%) of The value of the share, provided that the eligibility is for the shareholders who own shares at the end of trading on the day of the General Assembly meeting and who are registered in the company’s shareholder register with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the due date, and the date of dividend distribution will be announced later.
(2) Approving the amendment of Article (20) of the company's bylaws related to the powers of the Board of Directors.
(3) Approving the amendment of the Articles of Association of the company to comply with the new Companies Law, and rearranging and numbering the Articles of Law; to comply with the proposed modifications.
(4) Approval of the policy, standards and procedures for membership in the Board of Directors.
(5) Approval of the Governance Regulations.
(6) Vote on amending the audit committee work regulations.
(7) Vote on the list of the Nominations and Remuneration Committee.
(8) Vote on amending the policy for remuneration of members of the Board of Directors and committees emanating from the Board of Directors. |
