| Element List | Explanation |
|---|---|
| Introduction | Alujain Corp. is pleased to announce the results of the General Assembly Meeting No.39 (First Meeting) held at 08:30 pm on Thursday 03-01-1448 AH corresponding to 18-06-2026 via modern technology means provided by Tadawulaty |
| City and Location of the General Assembly's Meeting | Riyadh - Head Office - By Means of Modern Technology |
| Date of the General Assembly's Meeting | 2026-06-18 Corresponding to 1448-01-03 |
| Time of the General Assembly’s Meeting | 20:30 |
| Percentage of Attending Shareholders | 36.16% |
| 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: - Eng. Mohammed Saleh Alkhalil (Chairman) - Mr. Abdulwahab Abdulkareem Al-Betairi (Vice Chairman) - Mr. Abdulaziz Khalid Alghufaily - Eng. Yousef Ali Alulyan - Eng. Abdullah Jameel Taibah - Eng. Akram Awni Rabayah Board member Mr. Abdulaziz Abdulhamid Albassam was unable to attend the meeting due to an emergency |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | - Mr. Abdulaziz Khalid Alghufaily (Chairman of the Audit Committee) - Eng. Abdullah Jameel Taibah (Chairman of the Remuneration and Nominations Committee) - Mr. Abdulwahab Abdulkareem Al-Betairi (Chairman of the Executive Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1- View and discuss the financial statements for the fiscal year ending on 31 December 2025 have been viewed and discussed. 2- Approval to the auditor's report on the Company’s accounts for the fiscal year ending on 31 December 2025, after discussing it. 3- The Board of Directors' report for the fiscal year ending on 31 December 2025 have been viewed and discussed. 4- Approval of the appointment PricewaterhouseCoopers (PwC) as the Company's auditor, to examine, review and audit the financial statements for the second and third quarter financial statements, annual financial statements for the fiscal year ended on December 31, 2026, and the first, second and third quarter financial statements, annual financial statements for the fiscal year ended on December 31, 2027, and the first, second and third quarter financial statements, annual financial statements for the fiscal year ended on December 31, 2028, and first quarter financial statements for the fiscal year ended 2029, and determine his fees at SR 1,752,000 excluded value added tax. 5- Approval authorizing the Board of Directors to distribute interim semi-annual or quarterly dividends for the year 2026. 6- Approval of the delegation of the Board of Directors to exercise the powers of the Ordinary General Assembly with respect to the authorization set out 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 requirements set out in the Implementing Regulations of the Companies Law for Listed Joint Stock Companies. 7- Approval of the businesses and contracts concluded for the fiscal year ended on December 31, 2025, between (National Petrochemical Industrial Company NATPET) one of Alujain Corporation subsidiary and Qimmah for Industrial Services Company, in which the Vice Chairman of the Board of Directors Mr. Abdulwahab Abdulkareem Al-Betairi and the Board Member Eng. Abdullah Jameel Taibah, and the Board Member Eng Akram Awni Rabayah, have an indirect interest, being board members of Alujain Corporation and Board member of Qimmah for Industrial Services Company or the Fund that owns it, which are represented supplying equipment, material, and industrial safety services, at standard conditions, for a period of during the year 2025, where the value of the transactions reached with a value of SAR 751,692.35 for 2025. 8- Approval of the payment of SAR (4,609,000) as remunerations and compensations to the Members of the Board of Directors for the fiscal year ended on 31st December 2025 in accordance with the approved Remuneration Policy. 9- Approval of the remuneration and compensation paid to the members of the Board of Directors amounting to SAR (3,573,041) for the financial year ended 31 December 2023, which comprised the following: a) Board members’ remuneration for the period from 15-06-2023 to 31-12-2023. b) Additional remuneration for the Chairman of the Board and the Vice Chairman of the Board for the year 2023. 10- Approval of the remuneration and compensation paid to the members of the Board of Directors amounting to SAR (3,678,168) for the financial year ended 31 December 2024, which comprised the following: a) Board members’ remuneration for the year 2024. b) Remuneration paid to nominees for membership of the board and committees of the subsidiary company, NATPET, for the year 2024. |
Alujain Corp. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)
AI Summary
- Alujain Corp. shareholders approved the 2025 financial statements and authorized the Board of Directors to distribute interim (quarterly or semi-annual) dividends for the 2026 fiscal year.
- Appointed PricewaterhouseCoopers (PwC) as the external auditor for financial periods from Q2 2026 through Q1 2029, with total fees set at SAR 1,752,000 (excluding VAT).
- Approved board of directors' remuneration totaling SAR 4.61 million for 2025, SAR 3.68 million for 2024, and SAR 3.57 million for 2023.
- Ratified 2025 business contracts valued at SAR 751,692 between subsidiary NATPET and Qimmah for Industrial Services Company, involving related party interests from multiple board members.
