| ELEMENT LIST | EXPLANATION |
|---|---|
| Introduction | Jazan Energy and Development Co. Announces the Results of the Ordinary General Assembly Meeting, ( Second Meeting ) , which was held at 11:00 pm on Monday 10 Ramadan 1443, corresponding to April 11, 2022, an hour after the specified period from the first meeting, due to incomplete minimum required for the first meeting |
| City and Location of the General Assembly's Meeting | By using technology from the company's headquarter in Jazan |
| Date of the General Assembly's Meeting | 2022-04-11 Corresponding to 1443-09-10 |
| Time of the General Assembly's Meeting | 23:00 |
| Percentage of Attending Shareholders | 17.14 |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following board members attended the meeting :
1) Mr. Ahamed Mohammed Al-Sanie (Chairman) 2) Mr. Majed Abdullah Alissa (Vice Chairman) 3) Mr. Fahad Mubarak Al-Qathami (Board Member) 4) Mr. Mohammed Abdullah Al-Manea (Board Member) The following were unable to attend this meeting due to personal circumstances : 1 (Mr. Khalid Johar Al-Johar (Board Member) 2) Mr. Adeeb Mohammed Abanmi(Board Member) 3) Mr. Khalid Ahamed Al-Ahamed (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 meeting was attended by the following heads and delegates of the sub-committees emanating from the Board of Directors:
1) Mr. Majed Abdullah Alissa (Chairman of the Executive and Investment Committee and Chairman of the Nomination and Remuneration Committee) 2) Mr. Aziz Mohammed Algahtani (Member of the Audit Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1) Approval of the Board of Director's report for the fiscal year ended on 31-12-2021 .
2) Approval of the company's auditor's report for the fiscal year ended on 31-12-2021. 3) Approval of the consolidated financial statements for the fiscal year ended on 31-12-2021 . 4) Approve the appointment of (Allied Accountants Professional Services L.L.C) as External Auditor for the Company from among the candidates nominated based on the recommendation of Audit Committee, review, and audit the second, third quarter and annual financial statements of the fiscal year 2022, and the first quarter of the fiscal year 2023, and the determination of the auditor remuneration. 5) Approval for the election of members of the Board of Directors from among the candidates for the next term, starts from 13-04-2022 for three years, ending on 12-04-2025, The following board members have been selected: 1. Feras Khalid Abdullah Albawardi 2. Abdulelah Mulhem Mohammed Al-Mofeez 3. Sultan Abdulaziz Faisal AlMubarak 4. Turki Ahmed Abdurrahman Alobilan 5. Mohammed Abdullah Maziad Alkhttaf 6. Bedor Nasser Ibrahim Al-Rashoudi 7. Majed Abdullah Sulaiman Alissa 6) Disapproval of the formation of the Audit Committee, and the definition of its duties, work regulations and remuneration of its members for the new term, starting from 13-04-2022 until the end of the term on 12-04-2025. The following are the names of the candidates: 1- Aziz Mohammed Mubarak Algahtani 2- Adel Saleh Ali Abalkhail 3- Abdullah Saghaier Mohammed Al-Hussaini 7) Approval of delegating to the Board of Directors the authorization powers of the General Assembly stipulated in paragraph (1) of Article 71 of the Companies Law, for a period of one year starting from the date of the approval by the General Assembly or until the end of the delegated Board of Directors term, whichever is earlier, in accordance with the conditions set forth in the Regulatory Rules and Procedures issued pursuant to the Companies Law relating to Listed Joint Stock Companies. |
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