A2270 SADAFCO-1.4 (-0.82 %)
1443/04/11 Tue Nov 16, 2021 08:03:05
Saudia Dairy and Foodstuff Co. ("SADAFCO") Announces the Results of the Extraordinary General Assembly Meeting, ( First Meeting )

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Introduction SADAFCO Co. is pleased to announce the results of the Extraordinary General Assembly Meeting ( First Meeting )
City and Location of the General Assembly's Meeting Remotely using modern technology means from the company's headquarters in Jeddah.
Date of the General Assembly's Meeting 2021-11-15 Corresponding to 1443-04-10
Time of the General Assembly's Meeting 18:30
Percentage of Attending Shareholders 63.92%
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 with their names:

1- Mr. Mussad Abdullah Al-Nassar (Board Member)

2- Mr. Ahmed Mohamed Hamid Al-Marzouki (Board Member)

3-Mr. Suleiman Saud Al-Jarallah (Board Member)

4- Mr. Hani Abdel Aziz Saab (Board Member)

5- Mr. Abdullah Hamdan Al-Nassar (Board Member)

The following were unable to attend this meeting:

1- His Highness Sheikh Hamad Sabah Al-Ahmad (Chairman)

2- Mr. Faisal Hamad Mubarak Al Ayyar (Vice-Chairman)

3- Mr. Abdullah Yaqoub Bishara (Board Member)

4- Mr. Saeid Ahmed Saeid Basamh (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 - Mr. Ahmed Mohammed Hamid Al-Marzouki (Board Member - Chairman of Remuneration & Nomination Committee)

- Mr. Ahmed Mohammed Hamid Al-Marzouki (Board Member - Audit Committee Member)

Voting Results on the Items of the General Assembly's Meeting Agenda's 1- Approved on purchase of up to (2,749,750) company shares to be used as treasury shares, whereas the Board of Directors believes that the Company's share price is less than its fair value. Purchase of shares will be funded by the Company from its own resources, and authorizing the BOD to finalize the purchase transaction, in one or several stages, within a maximum period of twelve (12) months from the date of the Assembly's approval, and to retain the purchased treasury shares for a maximum period of 5 years from the EGM approval date.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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Saudia Dairy & Foodstuff Co. SJSC published this content on 16 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2021 11:36:07 UTC.