Sunday, November 03, 2024 at 8:45 AM
Osool & Bakheet Investment Company announces the results of the Extraordinary General Assembly Meeting (First Meeting) for the year 2024, which took place at 8:30 PM on Thursday, October 31, 2024, conducted remotely via modern technology. The meeting was held after achieving the necessary legal quorum, with an attendance rate of 70.04% The following members of the Board of Directors were present: Mr. Abdullah Al-khurayef, Mr. Abdulrahman Al-Yahya, Mr. Beshr Bakheet and Mr. Khaled Al-Mousa, Mr. Mazin Al Dawood. Mr.Wael Al-Sarhan, was absent from the meeting. The Chairman of the Audit and Risk Committee, Mr. Abdullah Al-khurayef, was also present and Mr. Abdulrahman Al-Yahya was present as member of NORCOM. The voting results were as follows:
1.Approval of the amendment to the company’s bylaws to comply with the new Companies Law, and the rearrangement and renumbering of articles to align with the proposed amendments.
2.Approval of the amendment to Article 3 of the company’s bylaws regarding the company’s objectives.
3.Approval to delete Article 15 of the company’s bylaws concerning the shareholders’ register.
4.Approval of the amendment to Article 42 of the company’s bylaws regarding the formation of the committee.
5.Approval of the amendment to Article 44 of the company’s bylaws regarding the committee’s mandate.
6.Approval of the amendment to Article 45 of the company’s bylaws concerning the committee’s reports.
7.Approval of the policy, standards, and procedures for nominating members to the Board of Directors.
