Ordinary General Assembly Meeting Results

19/03/2012 Argaam

An Ordinary General Assembly Meeting  of The United Electronic Company "Extra" was held on March 18th, 2012 and has announced the following decisions:

 

1- Approving the board of director's annual report, Auditor's report and Audited financial statements of the company as of 31/12/2011, As well as discharging the BOD members of responsibility for the fiscal year ended 31/12/2011.

 

2- SAR 60m (25% of paid in capital) dividends declaration as recommended by the BOD for registered shareholders at the end for the meeting day at SAR 2.5 per share.

 

3- The appointment of Deloitte and Touche accounting firm to audit the financial statements for the year ending 31/12/2012 and interim financial statements of the year 2012

 

4- Approving all related parties transactions that have taken place during the fiscal year of 2011

 

5- The adoption of the governance regulations of the company.

 

6- The appointment of Mr. Abd AlMohsen Al Essa as an independent director in the BOD to fill one of the two vacant seats in the board; Nomination for the remaining vacancy will be done later.

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