عربي
11/04/2023

TASNEE 26th Ordinary General Assembly Meeting approved all Agenda’s Items

TASNEE 26th Ordinary General Assembly has approved all items on the agenda of its meeting which was held at 22:00 on 10/04/2022 remotely via modern technology, after completed the quorum required for convention of the meeting where (41.11%) of the Company's share capital were present. 

The meeting was attended by the following Board members:

  1. Eng. Mubarak Abdullah Al Khafrah (Chairman)
  2. Eng. Talal Ibrahim Al Maiman (Vice Chairman)
  3. Mr. Musaab Sulaiman Al Muhaidib
  4. Mr. Saud Sulaiman Al Juhani
  5. Eng. Abdullatif Khalifah Al Melhem
  6. Eng. Abdulrahman Sulaiman Al Sayyari
  7. Mr. Bader Ali Al Dakhil
  8. Eng. Mutlaq Hamad Al Morished
  9. Mr. Fahad Abdulrahman Al Mushil
  10. Mr. Ahmed Naja Al Theabi 

The meeting was attended by the following Committees’ Chairmen:

  1. Eng. Mubarak Abdullah Al Khafrah (Chairman of Executive Committee)
  2. Mr. Sami Abdulaziz Al Sheneiber (Chairman of Audit Committee)
  3. Eng. Abdulrahman Sulaiman Al Sayyari (Chairman of Nomination and Renumeration Committee)
  4. Mr. Saud Sulaiman Al Juhani (Chairman of Risk and Governance Committee 

Voting Results on the Items of the General Assembly's Meeting Agenda's:

  1. Reviewing and discussing the Board’s report for the fiscal year ending on 31/12/2022.
  2. Reviewing and discussing the Company’s financial statements for the fiscal year ending on 31/12/2022.
  3. Approval of the auditor’s report on the Company’s accounts for the fiscal year ending on 31/12/2022.
  4. Approval of the appointment of Price Waterhouse Coopers (PwC) as external auditor, based on the recommendation of the Audit Committee; to examine, review and audit the financial statements for the second and third quarters as well as the annual statements for the fiscal year 2023 and for the first quarter of the year 2024, and to determine the auditor’s fees.
  5. Approval of the business and contracts concluded between National Industrialization Petrochemicals Marketing Co. (TASNEE subsidiary company) and Non-Woven Industrial Fabrics Company, which is a subsidiary of Al-Khafrah Holding Company in which the Chairman of the Board Eng. Mubarak Abdullah Al-Khafrah has a direct interest. The transactions include various purchase orders for polypropylene materials. The total purchase during the fiscal year 2022 amounted to SAR 19,146,006 and there are no preferential conditions.
  6. Approval of the business and contracts concluded between National Industrialization Petrochemicals Marketing Co. (TASNEE subsidiary Company) and the Converting Industries Company Ltd. (an affiliate of Al-Shaer Trading, Industry and Contracting Company) in which the Board Member Dr. Talal Ali Al-Shair has a direct interest. The transactions include various purchase orders for polyethylene materials. The total purchase during the fiscal year 2022 amounted to SAR 21,890,736 and there are no preferential conditions.
  7. Approval of paying an amount of SAR 3,500,000 as remuneration to the Board members for the fiscal year ending on 31/12/2022.
  8. Approval of the discharge of the members of the Board of Directors for the fiscal year ended 31/12/2022.