| Element List | Explanation |
|---|---|
| Introduction | Qimmat Saudi Trading Company announces the results of the Extraordinary General Assembly meeting (first meeting) which was held remotely through modern technology on Wednesday, 09 Muharram 1448 AH, corresponding to June 24, 2026 AD (according to the Umm Al-Qura calendar), at 07:00 PM, after the legal quorum for the validity of holding the meeting of the Assembly was completed according to the company’s basic system. |
| City and Location of the General Assembly's Meeting | The headquarters is in Riyadh, Al-Kharj Road - via modern technology (remotely). |
| Date of the General Assembly's Meeting | 2026-06-24 Corresponding to 1448-01-09 |
| Time of the General Assembly’s Meeting | 07:00 |
| Percentage of Attending Shareholders | 80.12% |
| 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: Mr. Abdullah Mohammed Al-Ajmi (Chairman of the Board) Eng. Omar Abdullah Al-Kharashi (Vice Chairman of the Board) Mr. Thamer Musfer Al-Wadaei Dr. Faisal Mansour Al-Fadhel |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | Mr. Thamer Musfer Al-Wadaei (Chairman of the Audit Committee) Mr. Abdullah Mohammed Al-Ajmi (Chairman of the Executive Committee) Dr. Faisal Mansour Al-Fadhel (Chairman of the Remuneration and Nominations Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | attached |
| Attached Documents | Attached Documents |
Saudi Top for Trading Co. Announces the Results of the Extraordinary General Assembly Meeting (First Meeting)
AI Summary
- Shareholders approved the financial statements, board report, and auditor's report for the fiscal year ending December 31, 2025, during the Extraordinary General Assembly held on June 24, 2026.
- Approved the transfer of the statutory reserve amounting to SAR 5,717,534 to retained earnings and authorized the Board of Directors to distribute interim dividends on a quarterly or semi-annual basis.
- Ibrahim Ahmed Al-Bassam & Co. was appointed as the company's auditor for the second, third, and annual periods of 2026 and the first quarter of 2027, with total fees set at SAR 378,000.
- Approved a related party transaction with Yafel Plastic Factory (linked to Chairman Abdullah Mohammed Al-Ajmi) totaling SAR 2,246,000 and the payment of SAR 432,000 in board remuneration for FY 2025.
Attachments
