Results of the Extraordinary General Assembly Meeting (First Meeting) of Morse Holding Company
Held on Monday, 24/07/2023G, in the City of Jeddah
Based on the invitation issued by the Chairman of the Board of Directors to the company's shareholders to attend the Extraordinary General Assembly (First Meeting) to discuss the Extraordinary General Assembly items, the Extraordinary General Assembly meeting was held at the company's headquarters in Jeddah on Monday, 06/01/1445 AH (corresponding to 24/07/2023G) at 1:00 PM, chaired by Dr. Fahad Farooq Hakeem, and in the presence of Ministry representatives Mr. Assaf Al-Qabbani and Mr. Faisal Al-Balawi.
The Chairman announced the completion of the required quorum for the validity of the assembly meeting, as shareholders representing 50,000 shares—representing 100% of the company's total capital of 50,000 shares—were present. Accordingly, the convening of the Assembly is valid pursuant to Article (33) of the company's Articles of Association. Ms. Aseel Al-Jdaibi was appointed as Secretary of the Assembly and Vote Collector. The Chairman then requested the Assembly Secretary to read the agenda items, after which the floor was opened for discussion, and the Chairman requested the shareholders to vote on the agenda items.
The voting results were as follows:
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Approval to amend Article (2) of the company's Articles of Association (Company Name) from Morse Information Technology Holding Company to Morse Holding Company.
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Approval to amend Article (3) of the company's Articles of Association (Company Purposes) according to the attached comparison table.
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Approval to amend Article (16) of the Articles of Association (Company Management) by increasing the number of Board of Directors members from 4 to 5 members for a term of 4 years.
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Approval to appoint Atheer Saleh Al-Qurashi as a member of the Board of Directors.
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Approval of the reconstitution of the Board of Directors as follows:
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Dr. Fahad Farooq Hakeem: Chairman of the Board of Directors
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Ms. Atheer Saleh Al-Qurashi: Vice Chairman of the Board of Directors
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Faisal Fahad Hakeem: Board Member and Secretary
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Tahani Tawfiq Al-Mahmadi: Board Member and Managing Director
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Rawan Fahad Hakeem: Board Member
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Approval to align all articles of the company's Articles of Association with the new Articles of Association issued by Royal Decree No. (M/132) dated 01/12/1443 AH.
The meeting was concluded at 1:30 PM, where the Chairman of the Assembly expressed his gratitude to all attendees for their participation and presence.
Assembly Secretary and Vote Collector:
Aseel Al-Jdaibi
Chairman of the Assembly:
Dr. Fahad Farooq Hakeem