Zahrat Al Waha Trading Company announces renewal the Islamic financing and banking services agreement with Saudi National Bank

Zahrat Al-Waha Trading Company announces renewal the Islamic financing and banking services agreement with Saudi National Bank

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Agreement date: 06-06-2023 Corresponding to 17-11-1444

Agreement amount: 60,000,000 SR.

Agreement duration: from 06-06-2023 to 28-02-2024

Guarantees offered for the agreement: Order Notes from the company with the total value of the facilities.

Agreement objective: Opening LCs for purchase raw materials.

Related Parties: There are no related parties.

Zahrat Al Waha for Trading Co Announces regarding the method and date for distributing cash dividends to shareholders for the year 2022

Zahrat Al Waha for Trading Co. Announces regarding the method and date for distributing cash dividends to shareholders for the year 2022.

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With reference to the announcement of Zahrat Al Waha for Trading Co. on Tadawul website on 2, March 2023 regarding the recommendation of the Board of Directors to distribute cash dividends to shareholders year 2022, which was approved by the Extraordinary General Assembly on 21, May 2023, and the results of its meeting were announced on Tadawul website on 22, May 2023.

Zahrat Al Waha for Trading Co. is pleased to announce to its shareholders the method and date for distributing cash dividends for year 2022, with a total amount of 13,500,000 SR, at sixty halalas (60) halalas per share, representing 6% of par value of the share, and the dividend will start from Sunday 4, June 2023, noting that the dividend entitlement to the shareholders who own shares on the due date and who are registered in the company’s shareholders ’register at the Edaa Center Company at the end of the second trading day following the day of the company’s general assembly.

The Saudi Securities Depository Center Company (Edaa) will distribute cash dividends to eligible shareholders by direct transfer to their personal accounts linked to their investment portfolios.

The company requests all its shareholders to update their bank account with banks before the date of the start of distributing dividends to ensure that dividends are deposited into their account.

If the due dividends are not received after the distribution date or there are any other inquiries regarding the dividends, please contact the Investor Relations Officer:

Tel: 920021203   Ext.: 304

Email: abd.almohsen@zaoasis.com

Zahrat Al Waha for Trading Co Announces the Results of the Extraordinary General Assembly Meeting, (First Meeting)

Zahrat Al Waha for Trading Co. Announces the Results of the Extraordinary General Assembly Meeting, (First Meeting)

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The Ordinary General Assembly meeting was held remotely through contemporary technology from the Company’s office in Riyadh, Rabwah District, Al-Ahsa Street, Building No. 7449, Unit No. 1, on Sunday 21-05-2023 Corresponding to 01-11-1444 and percentage of attending shareholders was 58.54%.

Voting Results on the Items of the General Assembly’s Meeting Agenda’s

  • 1
    Reviewing the report of the Board of Directors for the fiscal year ended 31-12-2022.
  • 2
    Approval of the external auditor report for the fiscal year ended 31-12-2022.
  • 3
    Reviewing the Financial Statement for the fiscal year ended 31-12-2022.
  • 4
    Approval of appointment of Dr. Mohamed Al-Amri & Partners Company – Chartered Accountants (BDO)of an external auditor from the nominated offers based on the recommendation of the Audit Committee to audit the financial statement of the second and third quarter and annual statement of the fiscal year 2023, plus the first quarter of the year 2024, and specify his fees.
  • 5
    Approval of the Board of Directors recommendation to distribute cash dividends to shareholders for the fiscal year ended 31 December 2022 at a rate of sixty halalas (60) halalas per share this represents 6% of the share par value, with a total amount of 13,500,000 SR which represents 6% of the capital, provided that the eligibility of shareholders who own shares at the end of the trading day of the General Assembly meeting and who are registered in the company’s shareholders’ register with the Securities Depository Center Company (Edaa) at the end of the second trading day following the Eligibility Date, provided that dividend distribution date will be announced later.
  • 6
    Approval of the business and contracts that have been concluded between the company and the Hana Company for Food Industries, in which a member of the Board of Directors Mr. Ahmed Hammoud Ibrahim Altheyab has an indirect treatment in it, and it is a contract for the sale of finished goods represented in PET Preform and HDPE Closure of different sizes and weights, selling and buying raw materials and packaging for a year without discrimination or preferential conditions, and the value of the deal during the year 2022 amounted to 61,347,722 SR sales and the amount of 74,721 SR purchases.
  • 7
    Approval of the business and contracts that will be concluded during the year 2023 between the company and Hana Food Industries Company, in which a member of the Board of Directors Mr. Ahmed Hammoud Ibrahim Altheyab has an indirect treatment in it, noting these the transaction will be a contract for the sale of finished goods represented in PET Preform, HDPE Closure of different sizes and weights and bottle prints (labels), Shrink, and Stretch film the sale and purchase of raw materials and packaging, for a period of one year, without discrimination or preferential conditions, at an amount of 88,000,000 SR.
  • 8
    Approval of the discharge of the Board of Directors members for the fiscal year ended 31-12-2022.
  • 9
    Approval of disbursing an amount of 400,000 SR as a reward for the non-executive members of the Board of Directors for the fiscal year ended 31-12-2022.
  • 10
    Approval of amending the company’s articles of association in consistent with and conforming to the new companies’ Law.
  • 11
    Approval of amending the Company Governance Regulation.
  • 12
    Approval of amending the policies and criteria of board membership procedures.
  • 13
    Approval of amending the Audit Committee regulation.
  • 14
    Approval of amending the Remuneration and Nomination Committee regulation.
  • 15
    Approval of amending the Rewards policy for members of the Board of Directors, committees of the Board and the Executive Management.
  • 16
    Approval of authorize the Board of Directors to distribute interim dividends to shareholders on Quarterly or midterm basis for the fiscal year 2023.
  • 17
    Approval of delegation of powers to the Board of Directors as stipulated in Paragraph No. (1) of Article Twenty-seventh (27) of the Companies Law, for a period of one year from the date of approval of the General Assembly or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance with the conditions stipulated in the executive regulations. The corporate system for listed joint stock companies.