SAUDI ARABIAN MINING COMPANY (MAADEN) ANNOUNCES THE RESULTS OF THE 9TH SHAREHOLDER ORDINARY GENERAL ASSEMBLY MEETING
The Board of Directors of Saudi Arabian Mining Company (Maaden) is pleased to announce that the Ninth Ordinary General Assembly meeting was held at 4:00 PM on Monday, 27/05/1437H corresponding to 07/03/2016G at the Companys Headquarter in Riyadh.
After fulfilling the legal quorum, the General Assembly has approved the following:
1. The Consolidated Financial Statements for the financial year ended on 31/12/2015.
2. The External Auditors report for the year ended 31/12/2015.
3. The Board of Directors report for the year ended on 31/12/2015.
4. The Board of Directors recommendation not to distribute dividends for the year ended on 31/12/2015.
5. The appointment of the External Auditors (Ernst & Young & Co.) as nominated by the Audit Committee from among the nominees to audit the company financial statements for the year 2016 and the quarterly financial statement and approval of their remuneration.
6. The Discharge of Board of Directors members from liabilities for their activity during the financial period ended on 31/12/2015.
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