Ordinary General Assembly Meeting Results

An Ordinary General Assembly Meeting  of The United Electronic Company "Extra" was held on March 18^th, 2012 and has announced the following decisions:

1- Approving the board of director's annual report, Auditor's report and Audited financial statements of the company as of 31/12/2011, As well as discharging the BOD members of responsibility for the fiscal year ended 31/12/2011.

2- SAR 60m (25% of paid in capital) dividends declaration as recommended by the BOD for registered shareholders at the end for the meeting day at SAR 2.5 per share.

3- The appointment of Deloitte and Touche accounting firm to audit the financial statements for the year ending 31/12/2012 and interim financial statements of the year 2012

4- Approving all related parties transactions that have taken place during the fiscal year of 2011

5- The adoption of the governance regulations of the company.

6- The appointment of Mr. Abd AlMohsen Al Essa as an independent director in the BOD to fill one of the two vacant seats in the board; Nomination for the remaining vacancy will be done later.