Saudi Arabian Amiantit announces that the Company’s General Assembly result’s meeting, which was held in the Head office, First Industrial Area, in Dammam on 23-5-2017 (27-8-1438H) at 18:30, whereas the First meeting quorum has not been achieved, the Second meeting quorum has achieved at 25.89%. The followings are the results:- First Approve the Board of Directors Report for the financial year ending 31-12-2016. Second Approve the consolidated Financial Statements for the Financial Year ending 31-12-2016. Third Approve the External Auditor’s Report for the Financial Year ending 31-12-2016. Fourth Approve discharging the Board of Directors from the responsibilities for the year ending 31-12-2016. Fifth Approve the proposal of the Board of Directors related to the Company’s External Auditor from those auditors nominated by the Audit Committee for the year 2017 & Quarterly Financial Statements and fixing its fees. The appointed Auditors are Baker Tilly. Sixth Approve the forming of Audit Committee & fix its policy for the period starting from the date of General Assembly meeting and ending 31-12-2017. The appointees are:- 1. Dr. Khalil Kordi – Chairman 2. Mr. Sulaiman Al-Amro – Member 3. Dr. Sulaiman Al-Sakran – Member Seventh Approve the amendment of the Company’s By-Law to adopt the new Companies’ Law Eighth Approve the amendment of the Article (3) Purpose of the Company Ninth Approve the amendment of the Article (16): The management of the company Tenth Approve the amendment of the Article (19): The Powers of the Board of Directors Eleventh Approve the amendment of the Article (20): The remuneration of Board of Directors Twelfth Approve the amendment of the Article (21): The powers of the Chairman, CEO and Managing Director, and the Secretary of the Board Thirteenth Approve the amendment of the Article (22): Meeting of the Board Fourteenth Approve the amendment of the Article (30): The quorum of the ordinary general assembly meeting Fifteenth Approve the amendment of the Article (31): Quorum of Extra- Ordinary general assembly meeting
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