General Assemblies
Disclosure and Transparency Policy
Attendance Record Ordinary General Assembly Meeting 30/04/2023 (held remotely )
Name
ARDCO follows a strict policy of disclosure and transparency in order to ensure that all essential topics are disclosed accurately and in a timely manner , including the company’s financial position and performance. Our disclosure and transparency policy is also considered one of our most important principles of governance. Accordingly , we acknowledge the following: • The company does not have any loans. • There is no penalty , precautionary measure , or precautionary restriction imposed on the company by the Authority or any supervisory , regulatory , or judicial body. • None of the members of the Board of Directors , the CEO , the CFO , or any person related to them has any direct or indirect interest in the business carried out on behalf of the company. Board of Directors members have neither taken any loan nor has the company offered or guaranteed any member of the Board of Directors a loan or commitment of any kind in exchange for other benefits. • The company does not have any information regarding arrangements or agreements under which any member of the Board of Directors or any of the senior executives has waived any salary or compensation. • There are no contracts with parties related to members of the Board of Directors , the CEO , his assistants , the CFO , or any of their relatives. • The company does not have any information about arrangements or agreements under which any of the company ’ s shareholders waived their rights to profits. • There are no investments or other reserves created for the benefit of any of the company ’ s employees. • The company has not reported any interest in a class of voting shares nor any change in those rights during the most recent fiscal year. • The company does not have debt instruments convertible into shares , nor any option rights , subscription rights notes or similar rights. • We have not issued any conversion or subscription rights under debt instruments convertible into shares , option rights , subscription rights memorandums , or similar rights. • We do not have any redemption , purchase or cancellation of any redeemable debt instruments. The company ’ s Board of Directors recommended to the General Assembly to distribute cash dividends amounting to 0.25 Saudi Riyal per share to the company ’ s shareholders for the second half of the year 2023. In addition , a special distribution of 0.25 Saudi Riyal per share as a result of selling a part of the company ’ s available-for-sale land , making the total distribution 0.50 Saudi Riyal per share. This is in line with the company ’ s strategy , which aims to balance between profit distribution and sustainable growth.
Prince Faisal bin Abdulaziz bin Ayyaf , PhD Mayor of Riyadh Region Chairman of the Board
1
Apologies received
2
Eng Ali Abdullah AlHassoun
Present
3
Majed Alsubeaei
Present
4
Fahad Abdullah AlKassim
Present
5 Abdullah Mohammed AlBahouth - General Organization for Social Insurance Representative
Present
6
Sulaiman Nasser AlHatlan
Present
7
Abdul-Ilah Abdulrahman AlHussein
Present
8
Nayef Ibrahim AlHudaithi
Present
Dividends Distribution
Percentages of profits distributed during the year
Proposed percentage of profits distributed at the end of the year
H2 2022 Profits
H1 2023 Profits
Total profits
Percentage
%25
%25
5%
10%
Total
44 , 444 , 44425 SAR
44 , 44444425 SAR
88 , 888 , 88850 SAR 177 , 777 , 777 SAR
Shareholder register requests and dates
# of shareholder register requests by the company
Date
Reasons
1
15/11/2023
Other
2
14/08/2023
Earnings File
3
03/05/2023
Earnings File
4
30/04/2023
General Assembly
46
Made with FlippingBook - Share PDF online