Widam Food Company announces the results of the AGM. The meeting was held on 04/04/2022 and the following resolution were approved

Widam food Announces the results of the Ordinary  General Assembly Meetings was held today on Monday, 06 April 2022 the quorum was achieved in its meeting  (55.42 % by Law) and has approved the following resolutions:

1-The report of the Board of Directors on the Company’s activities, financial position for the year ended 31 December 2021 and the future plan of the Company.

2-The report of the External Auditors on the Company’s Financial Statements for the year ended 31 December 2021.

3-The balance sheet and profit and loss for the year ended 31 December 2021.

4-The Corporate’s Governance Report for 2021.

5-To absolve the Board of Directors’ Members of any liability for the financial year ending 31/12/2021 and no compensation to be given to the Board Members.

6- Appointing KPMG Company as an External Auditor for the Company (For the year 2022).

7- To elect a new Board Members for a period of three years (2022 -2024)

Regarding due to lack of quorum the EGM on 04/04/2022, therefore, it has been decided to postpone the meeting to 06/04/2022 & 09:30 PM in the same place.

 Widam Food Company: The EGM Endorses items on it’s agenda

WIDAM FOOD Co. announces the results of the EGM. The meeting was held on 06/04/2022 and the following resolution were approved:

1-The EGM approved the amendment of some articles of the company’s Articles of Association in accordance with the Law No. (8) of 2021 amending Law No. (11) of 2015 regarding the Commercial Companies Law,

2-The EGM Authorized the Chairman and Vice-Chairman of the Board of Directors to sign (one of them solo) the amended Articles of Association of the company before the competent authorities, take all necessary  actions in order to implement the decisions of the Extraordinary .