Zaoasis – Page 12 – We Are a Driving Force.

Zahrat Al Waha Trading Company announces the completion of the installation of the printing line and two packaging lines as part of its capital expansion plan.

Zahrat Al Waha Trading Company announces the completion of the installation work and the success of operating tests for both the printing line and the two packaging lines (shrink and stretch film) within the capital expansion plan, which was announced on the company’s website on the Tadawul website on 04-04-2023, corresponding to 13-09-1444 H.

The commercial sale of the printing and packaging sector is expected to occur during the third quarter of 2024.

In financing its capital expansion, the company relied on self-financing from its cash to reduce financing costs. The goal of these expansions is to diversify and increase sources of income to increase the company’s profitability, increase the company’s financial solvency, and maximize shareholders’ rights.

Zahrat Al Waha for Trading Co. Announces regarding the method and date for distributing cash dividends to shareholders for the year 2023.

With reference to the announcement of Zahrat Al Waha for Trading Co. on Tadawul website on 28, February 2024 regarding the recommendation of the Board of Directors to distribute cash dividends to shareholders year 2023, which was approved by the Extraordinary General Assembly on 3, June 2024, and the results of its meeting were announced on Tadawul website on 4, June 2024.

Zahrat Al Waha for Trading Co. is pleased to announce to its shareholders the method and date for distributing cash dividends for year 2023, with a total amount of 30,375,000 SR, at One riyal and thirty-five (1.35) riyal per share, representing 13.5% of par value of the share.

The dividend will start from Wednesday 12, June 2024, 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)

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 Monday 03-06-2024 Corresponding to 26-11-1445 and percentage of attending shareholders was 52.61%.

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 31-12-2023.
2
Approval of the external auditor report for the fiscal year ended 31-12-2023.
3
Reviewing the Financial Statement for the fiscal year ended 31-12-2023.
4
Approval of appointment of RSM Allied Accountants for Professional Consulting 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 2024, plus the first quarter of the year 2025, and specify his fees are set at 465,000 SR only, four hundred and sixty-five thousand SR.
5
Approval of the Board of Director's recommendation to distribute cash dividends to shareholders for the fiscal year ended on 31 December 2023 at a rate of one riyal and thirty-five halalas (1.35) riyal per share this represents 13.5% of the share par value, with a total amount of 30,375,000 SR which represents 13.5% 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 Depositary Center (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 will be concluded during the year 2024 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 one year, without discrimination or preferential conditions, and the value of the deal during the year 2023 amounted to 31,650,623 SR sales and there were no purchases during the year 2023, the balance on 31 December 2023 was 52,359,361 SR.
7
Approval of the discharge of the Board of Directors members for the fiscal year ended 31-12-2023.
8
Not 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 31-12-2023.
9
Approval of amending Article Twenty-Four of the company’s bylaws related to company management.
10
Approval of authorize the Board of Directors to distribute interim dividends to shareholders on Quarterly or midterm for the fiscal year 2024.
11
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 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.