| Element List | Explanation |
|---|---|
| Introduction | Saudi Fisheries Co. Announces the Results of the Ordinary General Assembly Meeting (Second Meeting) |
| City and Location of the General Assembly's Meeting | In person at the company's headquarters in Riyadh - Al Malaz district - Ali Bin Mohammed Bin Abdul Wahab Street - and via modern technology. |
| Date of the General Assembly's Meeting | 2026-06-28 Corresponding to 1448-01-13 |
| Time of the General Assembly’s Meeting | 19:45 |
| Percentage of Attending Shareholders | 12.77% |
| 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. Abdulaziz Abdullah Al-Humaid 2. Eng. Abdulmajeed Abdulmohsen Al-Sheikh 3. Mr. Abdulilah bin Mohammed Al-Wabel 4. Mr. Mansour bin Abdulaziz Al-Sagheer 5. Eng. Riyan Mohammed Al-Mansour |
| 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 committee chairs attended the meeting: 1. Eng. Abdulmajeed Abdulmohsen Al-Sheikh (Chairman of the Nominations and Remuneration Committee) 2. Mr. Rashid Sulaiman Al-Rashid (Chairman of the Audit Committee) 3. Mr. Abdulaziz Abdullah Al-Humaid (Chairman of the Investment Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. Has been reviewed and discussed the Board of Directors' report for the fiscal year ending December 31, 2025. 2. Has been reviewed and discussed the financial statements for the year ending December 31, 2025. 3. Approval of the company's auditor's report for the fiscal year ending December 31, 2025, after discussion. 4. Not approval the proposed bonus for the Board of Directors, amounting to SAR 527,261, for the fiscal year ending December 31, 2025. 5. Approval of the appointment of Messrs. Baker Tilly as the company's auditor to examine, review, and audit the financial statements for the second, third, and full quarters of the fiscal year ending December 31, 2026, and the first quarter of the fiscal year ending December 31, 2027. Their fees are set at SAR 485,000, excluding VAT. 6. Not approval the vote to discharge the members of the Board of Directors from liability for the fiscal year ending on December 31, 2025. |
Saudi Fisheries Co. Announces the Results of the Ordinary General Assembly Meeting (Second Meeting)
AI Summary
- Shareholders voted against discharging the members of the Board of Directors from liability for the fiscal year ending December 31, 2025.
- The assembly rejected a proposed bonus for the Board of Directors totaling SAR 527,261 for the 2025 fiscal year.
- Baker Tilly was appointed as the company's auditor for the Q2, Q3, and full year 2026, and Q1 2027, with total fees set at SAR 485,000 excluding VAT.
- Shareholders approved the auditor's report and discussed the Board of Directors' report and financial statements for the fiscal year ending December 31, 2025.
