| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Alqemam for Computer Systems Co. is pleased to announce the results of the ordinary General Assembly Meeting (First Meeting) |
| City and Location of the General Assembly's Meeting | The ordinary General Assembly meeting was held at the Company's Head Office in Unaizah, utilizing modern technology. |
| Date of the General Assembly's Meeting | 2026-06-29 Corresponding to 1448-01-14 |
| Time of the General Assembly’s Meeting | 18:30 |
| Percentage of Attending Shareholders | 79.57% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The attendees of the meeting were 1- Mr. Wasel Abdullah Alwasel (Chairman of the Board) 2. Mr. Abdullah Yahya Alsulaim (Vice-Chairman of the Board) 3. Mr. Anas Abdulrahman Al-Garawi (Board Member and Managing Director) 4. Mr. Essam Hamad Alhodaibi (Board Member) 5. Mr. Fawaz Abdulrahman Alagel (Board Member and Board Secretary) 6. Mr. Turki Ibrahim Alturki (Board Member) |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | Mr. Ibrahim Saeed Al-Mubarak (Chair of the Review Committee) attended the meeting Mr. Essam Hamad Alhodaibi ( Chair of the Nomination and Remuneration Committe) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | Item One: Review of the Company's financial statements for the fiscal year ended 31 December 2025. Item Two: Review of the Board of Directors' Report for the fiscal year ended 31 December 2025. Item Three: Approval of the External Auditor's Report for the fiscal year ended 31 December 2025. Item Four: Approval of the discharge of the members of the Board of Directors from liability for the fiscal year ended 31 December 2025. Item Five: Approval of the appointment of the Company's external auditor from among the candidates nominated based on the recommendation of the Audit Committee to examine, review, and audit the financial statements for the first half of the fiscal year ending 30 June 2026 and the annual financial statements for the fiscal year ending 31 December 2026, for a total fee of SAR 290,000. Item Six: Approval of delegating to the Board of Directors the authority of the Ordinary General Assembly to grant the authorization stipulated in Paragraph (1) of Article (27) of the Companies Law, for a period of one year from the date of the General Assembly's approval or until the end of the delegated Board's term, whichever occurs first, in accordance with the conditions set out in the Implementing Regulations of the Companies Law for listed joint stock companies. Item Seven: Approval of the transactions and contracts concluded between the Company and Mr. Wasil Abdullah Al-Wasil, in which the Chairman of the Board, Mr. Wasil Abdullah Al-Wasil, has a direct interest. These consist of an interest-free shareholder loan granted to the Company in the amount of SAR 3,850,000 as working capital financing, together with repayments amounting to SAR 1,450,000, without granting any preferential benefits to Mr. Wasil Abdullah Al-Wasil. Item Eight: Approval of the payment of remuneration to the members of the Board of Directors in the total amount of SAR 336,000 for the fiscal year ended 31 December 2025. |
Alqemam for Computer Systems Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)
AI Summary
- Alqemam for Computer Systems Co. shareholders approved all agenda items at the Ordinary General Assembly Meeting held on June 29, 2026, with a 79.57% attendance rate.
- The assembly approved the FY 2025 financial statements, the discharge of board members from liability, and total board remuneration of SAR 336,000.
- An external auditor was appointed for the 2026 fiscal year to review semi-annual and annual financial statements for a fee of SAR 290,000.
- Shareholders ratified related-party transactions with Chairman Wasil Abdullah Al-Wasil, involving an interest-free shareholder loan of SAR 3,850,000 for working capital and repayments of SAR 1,450,000.
