The Board of Directors of Scientific & Medical Equipment House Company is pleased to announce to its esteemed shareholders the results of the Ordinary General Assembly 5th Meeting for company (First Meeting), which was held at 7:30 PM on Wednesday, Jumada Al-Akhirah 3, 1446H, corresponding to December 4, 2024, via modern technology (remotely) through the Tadawulaty platform, following the attainment of the legal quorum required for the validity of the Ordinary General Assembly Meeting.
City and Location of the General Assembly's Meeting
Riyadh - Head office - Through modern technology means using Tadawulaty Platform.
Date of the General Assembly's Meeting
2024-12-04 Corresponding to 1446-06-03
Time of the General Assembly’s Meeting
19:30
Percentage of Attending Shareholders
59.99
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees The following Board Members attended the meeting:
1) Mr. Basel bin Saud bin Mohammed Al Arifi (Chairman)
2) Mr. Bandar bin Saud bin Mohammed Al Arifi (Vice Chairman)
3) Mr. Barakat bin Saud bin Mohammed Al Arifi (Managing Director (CEO)
4) Mr. Mohammed bin Ibrahim bin Abdul Mohsen Al-Hoqayl. (Board of Member)
5) Mr. Hassan bin Ali bin Abdul Mohsen Al-Jishi. (Board of Member)
6) Mr. Munir bin Ahmed bin Mohammed Al-Sari. (Board of Member)
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf The following Committees Chairmen attended the meeting:
1) Mr. Loay Ali Al-Saratawy (Audit Committee Chairman)
2) Mr. Mohammed bin Ibrahim Al-Hoqayl (Remuneration and Nominations Committee Chairman)
3) Mr. Hassan bin Ali Al-Jishi (Risk Committee Chairman)
Voting Results on the Items of the General Assembly's Meeting Agenda's
1- Approved on the Board of Directors' recommendation to distribute cash dividends amounting to (30) million riyals to shareholders for the fiscal year ending on 31-12-2023, at a rate of (1) riyal per share, representing 10% of the nominal value of the share. The entitlement will be for shareholders holding shares at the end of the trading day of the General Assembly meeting and registered in the company’s shareholder register at the Securities Depository Center by the end of the second trading day following the entitlement date. The distribution of dividends will commence on Wednesday, 18-12-2024.
2- Approved on the Amendment of the Review Regulations Committee.
3- Approved on the amendment of the policy for the remuneration of Board members and committees emanating from the Board and executive management.
4- Approved on the social responsibility policy.
5- Approved on the regulations and standards for competition.
