National Medical Care Company Announces the Results of the Ordinary General Assembly Meeting (First Meeting)

National Medical Care Company Announces the Results of the Ordinary General Assembly Meeting (First Meeting)

The National Medical Care Company (Care) announces the results of the Ordinary General Assembly meeting (First meeting), The Assembly meeting was held remotely through modern technology, in the context of supporting the preventive and precautionary efforts conducted by relevant authorities to address the new Corona Virus (COVID-19).

The meeting started at 6:30 Pm on Wednesday 22-08-1441 corresponding to 15/04/2020, where the attendance rate reached 55.53% of the capital. The following members of the Board of Directors attended the meeting:

1-  Saad Abdulmohesn Alfadly (Chairman).

2-  Michael Davis.

3-  Abdulmohsen Hamaad Alashry.

4-  Bader Fahad Alathel.

5-  May Mohammed Al-Hoshan

6-  Sami Suliman Alkhashan.

7-  Bashar Abdulaziz Abalkhail.

8-  Abdullah Abdulaziz Albuthi.

9-  Mashhoor Mohammed Alobeikan

 

The results of the voting on the assembly’s agenda were as follows:

1-  Approve the Board of Directors report for the financial year ended 31-12-2019.

2-  Approve the auditor’s report for the year ended 31-12-2019.

3-  Approve the financial statements for the financial year ended 31-12-2019.

4-  Approve the contract that will be between the company and Darger Arabia Ltd., owned by FAL Arabia Holding Company, represented by board members Bader Fahad Al-Athel (non- executive). Has an indirect interest. Which is to provide medical supplies for one year with ability for renewal (without preferential conditions) And licensing for the coming year. knowing that the transactions for the previous year amounted to SR 167,573.

5-  Approve the contract that will be between the company and Arab medical supply company, owned by FAL Arabia Holding Company, represented by board members Bader Fahad Al-Athel (non- executive). Has an indirect interest. which is to provide medical supplies for one year with ability for renewal (without preferential conditions) And licensing for the coming year. knowing that there were no transactions made during the previous year.

6-  Approve the appointment of Ernst & Young (EY) to examine, review and audit the financial statements for the second, third and annual financial year 2020, and the first quarter of 2021 for the company and determine their fees.

7-  Approve the recommendation of the Board of Directors to distribute cash dividends to shareholders for the year ended 31 December 2019 amounting to SR 89,700,000 (SR 2 per share) representing 20% of the nominal value of the share. The shareholders by the end of the date of the General Assembly of the Company and registered with the Company’s records at the Securities Depository Centre Company by the end of the second trading day following the date of the Assembly. Note that the date of distribution of dividends will be on 23-04-2020.

8-  Approve the payment of SR 1,900,000 as remuneration for the members of the Board of Directors for the year ended 31-12-2019.

9-  Approve the discharge of the members of the Board of Directors from their performance during the financial year ended 31-12-2019.

10-  Approve the delegating the Board of Directors for the authority of the Ordinary General Assembly with authority mentioned in Paragraph (1) of Article 71 of the Companies Law, for a period of one year from the date of General Assembly approval or until the end of the delegated Board of Directors session, whichever is earlier, according to the conditions mentioned in the controls and procedures regulatory issued in implementation of the corporate system for listed joint stock companies.