Retailing and Operation Division

Saudi Automotive Services Company (SASCO) announces result of thirty-seventh ordinary general assembly meeting (First Meeting)

23 June 2020
Retailing and Operation Division

 

ELEMENT LIST

 

 

EXPLANATION

Introduction

Saudi Automotive Services Company (SASCO) announces the results of the thirty-seventh ordinary general assembly meeting (First Meeting), After the quorum is complete, which was held at 7:00 pm through modern technical means using Tadawul system, according to the circular of the Capital Market Authority No. 5/2109/20 dated 21/07/1441H, which includes the suspension of the association hold in attendance until further notice, and its held satisfied through modern technology means that enables the shareholders to participate in its deliberations and vote on its decisions, in support of the preventive and precautionary efforts and measures by the competent and relevant health authorities to address Covid 19.

City and Location of the General Assembly's Meeting

The General Assembly meeting was held by means of modern technology.

Date of the General Assembly's Meeting

2020-06-22 Corresponding to 1441-11-01

Time of the General Assembly's Meeting

19:00

Percentage of Attending Shareholders

25.63%

Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees

Names of the Board of Directors' Members Present:

1. Mr. Ibrahim Bin Mohammed Alhudaithi (Chairman).

 

2. Mr. Sultan Bin Mohammed Alhudaithi (Deputy Chairman & managing director).

 

3. Mr. Nasser Bin Abdullah Al-Aawfi.

 

4. Mr. Suleiman Bin Ali Alkhudair.

 

5. Mr. Majed Bin Mohammed Al - Othman.

 

6. Mr. Riyadh Bin Saleh AlMalik (CEO).

 

7. Mr. Ali Bin Mohammed Aba Al-Khail.

 

8. Mr. Fawaz Bin Suliman Alrajhi.

 

9. Mr. Majed Bin Nasser Alsubeaei.

Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf

1. Mr. Ibrahim Bin Mohammed Alhudaithi (Chairman of Executive Committee).

2. Mr. Nasser Bin Abdullah Al-Aawfi (Audit Committee Chairman).

 

3. Mr. Ali Bin Mohammed Aba Al-Khail (Chairman of Remuneration & Nominations Committee).

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

As per attachment.

Additional Information

For inquiries, please contact the Investor Relations Department at 011-2068855 ext. 1112, 1113 email info@sasco.com.sa.

Attached Documents