| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Sultan Food Fast Meals Company is pleased to announce to its esteemed shareholders the results of the Extraordinary General Assembly Meeting (the first meeting), which was held on Monday, 05/01/147 AH, corresponding to 30/06/2025, at 8:30 PM, through modern technology using the Tadawulati platform. We thank all shareholders for their attendance and active participation in this meeting. |
| City and Location of the General Assembly's Meeting | The meeting will be held at the company’s headquarters in Jeddah, using modern technology and through the Tadawulaty system. |
| Date of the General Assembly's Meeting | 2025-06-30 Corresponding to 1447-01-05 |
| Time of the General Assembly’s Meeting | 20:30 |
| Percentage of Attending Shareholders | 56.96% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following members of the Board of Directors attended the meeting: 1. Mr. Aref bin Qaid Al-Masbahi (Chairman of the Board). 2. Mr. Mansour bin Saad Al Saud (Vice Chairman of the Board). 3. Mr. Badr Hassan Mohammed Al-Othman (Board Member). The following members were unable to attend: 4. Mr. Ibrahim Al-Hadithi (Board Member). 5. Mr. Nayef Al-arifi (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 | The following members of the committee attended the meeting: 1. Mr. Ibrahim Al-Habdan (Chairman of the Committee). 2. Mr. Manaf Shayef (Committee Member). The following member was unable to attend: 1. Mr. Ahmed Al-Hashimi (Committee Member). |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. The Board of Directors' report for the financial year ending on 31/12/2024 was reviewed and discussed. 2. The audited financial statements for the financial year ending on 31/12/2024 were reviewed and discussed. 3. Approval of the company's auditor's report for the financial year ending on 31/12/2024 after discussion. 4. Approval to appoint an auditor for the company from the nominees based on the recommendation of the Audit Committee, to examine and review the semi-annual and annual financial statements for the financial year 2025, and to determine their fees. 5. Approval to discharge the Board members for the financial year ending on 31/12/2024. 6. Approval to grant a bonus to the Board members amounting to (653,486.339) Riyals for the financial year ending on 31/12/2024. 7. Approval to grant a bonus to the Audit Committee members amounting to (72,245.902) Riyals for the financial year ending on 31/12/2024. 8. Approval to grant a bonus to the Nomination and Remuneration Committee members amounting to (81,000) Riyals for the financial year ending on 31/12/2024. 9. Approval to delegate the Board of Directors with the authority of the Ordinary General Assembly to grant the authorization mentioned 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 term of the authorized Board, whichever comes first, in accordance with the conditions stated in the executive regulations of the Companies Law for listed joint-stock companies. 10. Approval to amend Article (4) of the company's bylaws related to (Company Objectives). 11. Approval to add a new Article (6) to the company's bylaws related to (Participation and Ownership in Companies). 12. Approval to amend Article (6) of the company's bylaws related to (Capital). 13. Approval to amend Article (7) of the company's bylaws related to (Subscription to Shares). 14. Approval to add a new Article (14) to the company's bylaws related to (The Company's Purchase, Sale, and Pledging of Its Shares). 15. Approval to delete Article (13) of the company's bylaws related to (Treasury Shares and Employee Shares). 16. Approval to amend Article (15) of the company's bylaws related to (Issuance of Shares). 17. Approval to amend Article (16) of the company's bylaws related to (Register of Shareholders). 18. Approval to amend Article (18) of the company's bylaws related to (Reduction of Capital). 19. Approval to amend Article (19) of the company's bylaws related to (Management of the Company). 20. Approval to amend Article (20) of the company's bylaws related to (Termination or Ending of Board Membership). 21. Approval to amend Article (21) of the company's bylaws related to (End of Board Term or Resignation of Members or Vacancy of Membership). 22. Approval to amend Article (33) of the company's bylaws related to (Voting in Assemblies). 23. Approval to add a new Article (43) to the company's bylaws related to (Company Losses). 24. Approval to rearrange and renumber the articles of the company's bylaws to align with the proposed amendments. |
| Additional Information | For any inquiries regarding the agenda items of the assembly, please contact the Shareholder Relations Department: Phone: 0126226158, extension 1020 Mailing Address: Sultan Food Company for Fast Food Shareholder Relations P.O. Box 23717 Jeddah 5103 Email: IR@ghidas.com |
