Widam Food Company announced the results of the General Assembly meeting on Sunday, 17/04/2016 at 6:30 pm in the Rashna Hall in the Diplomatic Club, where the following was approved:

1- Approval of the Board of Directors’ report on the company’s activity and financial position for the financial year ending on December 31, 2015 and the company’s future plan.

2- Approval of the auditor’s report on the company’s budget for the fiscal year ending on December 31, 2015.

3- Approval of the company’s general budget and profit and loss account for the financial year ending on December 31, 2015.

4- Approving the proposal of the Board of Directors and approving the distribution of cash dividends at a rate of (27%) of the capital at a rate of (2.7 riyals) per share.

5- Approval of the corporate governance report for the year 2015.

6- Agreeing to absolve the members of the Board of Directors from liability for the financial year ending on December 31, 2015 AD and determining their remuneration.

7 – Election of members of the Board of Directors for the new term 2016-2017-2018,

8- Approval of the appointment of Ernst & Young as an external auditor for the fiscal year 2016