December 16, 2024
| Element List | Explanation |
|---|---|
| Introduction | National Company for Learning & Education (NCLE) announces the results of the Ordinary General Assembly meeting (First Meeting) which held after the quorum was secured. |
| City and Location of the General Assembly’s Meeting | NCLE’s Head Office at Riyadh, Alrayyan district via modern technology using Tadawulty platform. |
| Date of the General Assembly’s Meeting | 2024-12-15 Corresponding to 1446-06-14 |
| Time of the General Assembly’s Meeting | 19:30 |
| Percentage of Attending Shareholders | 62.8 % |
| Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees | All board members attended the meeting as follows:
– MR. Khaled bin Mohammed Al Khudair (Chairman of the Board)
-MR. Ibrahim bin Abdelrahman Alderei (Vice Chairman)
-MR. Abdulaziz bin Hamoud Al-Thiab (Board Member)
– MR. Abdulaziz bin Mohammed Al-Swailem (Board Member)
-MR. Mohammed bin Khaled Al Khudair (Board Member)
-MR. Mohammed bin Ibrahim Al Khudair (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 | All chairmen of the committees attended the meeting as follows:
-MR. Khaled bin Saad Al Sabti (Chairman of Audit Committee)
– MR. Abdulaziz bin Hamoud Al-Thiab (Charmin of Nomination and Remuneration Committee)
-MR. Khaled bin Mohammed Al Khudair (Chairman of Investment Committee)
-MR. Ibrahim bin Abdelrahman Alderei (Chairman of Governance Committee) |
| Voting Results on the Items of the General Assembly’s Meeting Agenda’s | 1- The Board of Directors’ Report for the fiscal year ended on 31 July 2024 G has been reviewed and discussed.
2- Approving the Company’s Auditor’s Report for the fiscal year ended on 31 July 2024 G after discussing it. 3- The financial statements for the fiscal year ended on 31 July 2024 G have been reviewed and discussed. 4- Approving the appointment of BDO Dr. Mohammed Al Amri & Partners as the Company’s auditor among the candidates based on the audit committee’s recommendation to examine, review and audit the financial statements for the third quarter of the fiscal year 2024/2025 G, the fiscal year ending on 31 July 2025 G, and the first and second quarters of the fiscal year 2025/2026 G with total fees of SR 510,000. 5- Approving the payment of the amount SR (1,785,841) as a remuneration to the Board of Directors for the fiscal year ended on 31/07/2024G. 6- Approving the Board of Directors’ recommendation to distribute cash dividends to shareholders for the fiscal year ended 31 July 2024, with a total amount of (90,300,000) riyals at (2.1) riyals per share, equivalent to 21% of the company’s share capital. Provided that the eligibility of the shareholders who own the shares at the end of the trading session of the day of the assembly meeting and are registered in the company’s shareholders’ register with the Securities Depository Center Company (Edaa) at the end of the second trading day following the maturity date, and the dividend distribution will be starting from Thursday corresponding to 26/12/2024G. 7- Approving the discharge of the Board of Directors’ members liability for the fiscal year ended 31/07/2024 G. 8- Approving delegating the Board of Directors to distribute interim dividends in a semi-annual or quarterly manner for the fiscal year ending on 31 July 2025 G. 9- Approving delegating the Board of Directors with the authority of the Ordinary General Assembly relating to the permission mentioned in paragraph (1) of Article (27) of the Companies Law, for one year from the consent date of the General Assembly or until the end of the delegated Board of Directors session whichever is earlier, in accordance with the implementing regulation of the companies law relating to listed joint stock companies. 10- Approving amending the Remuneration Policy for Members of the Board of Directors, Committees and Company Management. |
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