The general assembly of “Tadweer” approves the adoption of the dividend distribution policy

The Board of Directors of the National Environmental Recycling Company “Tadweer” announced the results of the ordinary general assembly meeting (first meeting) held yesterday, Sunday.
According to the company’s statement on Tadawul, the results included: Approval to appoint Abdulaziz Saleh Al-Saleh Company, Yasser Zuman Al-Zouman, and Khaled Fawzan Al-Fahd as the company’s auditor from among the candidates based on the recommendation of the Audit Committee, in order to examine, review, and audit the semi-annual and annual financial statements from the fiscal year 2024 AD, and the quarter. The first of the fiscal year 2025 AD, with a fee of (560,000) riyals.
The results included: Approval to release members of the Board of Directors from their liabilities for the fiscal year ending on December 31, 2023, and approval to disburse an amount of 672,000 riyals as a reward to members of the Board of Directors for the fiscal year ending on December 31, 2023.
The results included: Approval of the works and contracts concluded between the company and the Precision Metrology Factory Company, in which the Chairman of the Board of Directors, Iyad Abdulaziz Al-Nafi, has an indirect interest, which is the maintenance of containers during the fiscal year 2023 AD and there are no preferential conditions, in the amount of 16,100 riyals.
The results included: Approval to delegate to the Board of Directors the authority of the Ordinary General Assembly with the license contained in Paragraph (1) of Article (27) of the Companies Law for a period of one year from the date of approval by the General Assembly or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance with the conditions stated in the executive regulations. The corporate system for listed joint stock companies.
Among the results: approval of the work regulations of the Nominations and Remuneration Committee, and approval of the remuneration policy for members of the Board of Directors, its committees, and the executive management.
The results included: approval to adopt a dividend distribution policy, and approval to adopt a conflict of interest policy and competition standards.

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