Logo ofAnmat Technology Trading Co.
Anmat Technology for Trading Co.’s shareholders disapproved of discharging board members of liability for 2024, during the extraordinary general meeting (EGM) held on Aug. 20, according to a statement to Tadawul.
Meanwhile, shareholders approved the remaining agenda items including the auditor’s report for last year.
They further approved authorizing the board with the powers of the ordinary general meeting (OGM) as regards the license referred to in paragraph (1) of Article 71 of the Companies Law, for a period of one year from the date of the meeting approval or until the end of the authorized board term, whichever comes first, in accordance with the conditions set forth in the regulatory rules and procedures issued in implementation of the Companies Law for listed joint stock companies.
Furthermore, shareholders endorsed a number of related-party transactions, including transactions carried out during 2024, between the company and Chairwoman Dima Ayman Aqilan (a related party). This is related to a financing facility provided by the Chairwoman to the company last year amounting to SAR 25.8 million, extended without any financing costs and without preferential conditions, with the partner’s net balance standing at zero at year-end.
The settlement of this financing facility through an “on-behalf expenses” item during 2024, without any preferential conditions, was also approved during the meeting, bringing the partner’s net balance at the end of the fiscal year to zero.
Logo ofAnmat Technology Trading Co.
Anmat Technology for Trading Co.’s shareholders disapproved of discharging board members of liability for 2024, during the extraordinary general meeting (EGM) held on Aug. 20, according to a statement to Tadawul.
Meanwhile, shareholders approved the remaining agenda items including the auditor’s report for last year.
They further approved authorizing the board with the powers of the ordinary general meeting (OGM) as regards the license referred to in paragraph (1) of Article 71 of the Companies Law, for a period of one year from the date of the meeting approval or until the end of the authorized board term, whichever comes first, in accordance with the conditions set forth in the regulatory rules and procedures issued in implementation of the Companies Law for listed joint stock companies.
Furthermore, shareholders endorsed a number of related-party transactions, including transactions carried out during 2024, between the company and Chairwoman Dima Ayman Aqilan (a related party). This is related to a financing facility provided by the Chairwoman to the company last year amounting to SAR 25.8 million, extended without any financing costs and without preferential conditions, with the partner’s net balance standing at zero at year-end.
The settlement of this financing facility through an “on-behalf expenses” item during 2024, without any preferential conditions, was also approved during the meeting, bringing the partner’s net balance at the end of the fiscal year to zero.
