AI Summary
| Element List | Explanation |
|---|---|
| Introduction | Addendum Announcement from Zahra Al Waha Trading Co. regarding the Results of the Extraordinary General Assembly Meeting (First Meeting) |
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2025-06-11 Corresponding to 1446-12-15 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | Regarding Item No. 6 of the company’s announcement mentioned above, related to the non-approval of the Extraordinary General Assembly (first meeting) of Item No. (6) Related to the transactions and contracts concluded for the fiscal year ending 31-12-2024, between Zahra Al Waha Trading Co. and Hana Food Industries Company, in which board member Mr. Ahmed Hamoud Ibrahim Al-Theyab has an indirect interest, the company would like to clarify the following:
Due to the non-approval of Item No.) 6(, the Assembly has set six (6) months from the date of the Assembly for Board Member Mr. Ahmed Hamoud Ibrahim Al-Theyab to regularize his status per Paragraph (b) of Article 67 of the Executive Regulations of the Companies Law for Listed Joint Stock Companies. |
| Financial Impact on the change | Sales decreased by 5% due to the suspension of sales to Hana Food Industries Company or pending rectification of the Board Member's situation. |
| Additional Information | None |
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