Announcement - Morse Holding Company announces the date of its Ordinary General Assembly Meeting, the third meeting for the year 2023.
Date 2023/09/28

Announcement - Morse Holding Company announces the date of its Ordinary General Assembly Meeting, the third meeting for the year 2023.

02/09/2023G

The Board of Directors of Morse Holding Company (a closed Saudi joint-stock company) is pleased to invite the members of the Board of Directors and esteemed shareholders to attend the Ordinary General Assembly Meeting (Third Meeting). The meeting is scheduled to be held at the company's headquarters in Jeddah on Saturday, 23/09/2023G at 6:00 PM to discuss the following agenda items:

  1. Voting on the unaudited financial results for the second quarter ended 30/06/2023G.
  2. Canceling Contract No. 22015 dated 30/12/2022G, noting that it has not been executed since its signing to date and shall be considered null and void as if it never existed.
  3. Voting on contracting with Morse Business Services Establishment, owned by related party partner Fahad Farooq Hakeem, effective from 01/04/2023G, to provide business services to Morse Holding Company for a fixed monthly fee of SAR 35,000, subject to increase or decrease by no more than 20%.
  4. Discharging the members of the Board of Directors from liability for the financial period ended 30/06/2023G.