**Titular**: *Bahri Shareholders Approly 2023 Dividends*

**Intro**:
The National Shipping Company of Saudi Arabia (Bahri) secured quorum at its first Ordinary General Assembly meeting on December 26, 2023, with 52.72% of shares represented via modern technology. Shareholders approved the board’s proposal to distribute SAR 0.85 per share in cash dividends for 2023, totaling SAR 386 million, disbursed in December.

**Factbox**:
– **Event**: Bahri Ordinary General Assembly (First Meeting)
– **Date**: December 26, 2023
– **Quorum**: 52.72% of shares
– **Dividend Approval**: SAR 0.85/share (SAR 386M total)
– **Payout**: Completed December 2023

**Bahri Celebrates Successful Ordinary General Assembly Meeting with Key Resolutions Approved**

*Riyadh, December 26, 2023* — The National Shipping Company of Saudi Arabia (Bahri), a global leader in logistics and transportation, has announced the outcomes of its **Ordinary General Assembly Meeting (First Meeting)**, held virtually on December 26, 2023. The meeting, conducted via modern technology platforms, achieved a quorum of **52.72%** of the company’s capital shares, underscoring robust shareholder participation and engagement.

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### **Quorum Achieved: Shareholders Demonstrate Strong Commitment**
The assembly successfully met the quorum requirements, with over half of Bahri’s capital shares represented. This milestone reflects shareholders’ confidence in the company’s strategic direction and governance practices. The virtual format highlighted Bahri’s adaptability to digital transformation, aligning with Saudi Arabia’s Vision 2030 goals for technological advancement in corporate operations.

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### **Key Resolutions Unanimously Approved**
During the meeting, shareholders voted on and approved several critical agenda items, reinforcing Bahri’s commitment to transparency and accountability:

1. **Board of Directors’ Report for 2023**
Approval of the board’s report on the company’s operational and financial performance over the past year.

2. **Audited Financial Statements for 2023**
Endorsement of the annual financial results, confirming Bahri’s fiscal health and compliance with international standards.

3. **External Auditor’s Report**
Acceptance of the auditor’s findings, validating the accuracy and integrity of financial disclosures.

4. **Discharge of Board Members**
Shareholders ratified the discharge of directors for their responsibilities during the fiscal year 2023.

5. **Appointment of External Auditors for 2024**
Approval of new auditors to oversee the company’s financial reporting for the upcoming year.

6. **Board Remuneration for 2023**
Authorization of compensation for board members, aligning with corporate governance best practices.

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### **Contingency Plan for Second Meeting**
While the first meeting achieved quorum, Bahri noted that a second meeting could be convened if required in the future. This precautionary measure ensures continuous adherence to regulatory standards, even in scenarios with lower initial participation.

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### **Strengthening Governance and Future Growth**
The resolutions passed during the assembly underscore Bahri’s dedication to robust governance, financial transparency, and shareholder value. By leveraging digital tools to facilitate shareholder engagement, the company continues to set benchmarks in corporate leadership within the maritime and logistics sectors.

As Bahri advances into 2024, these approvals position the company to pursue strategic initiatives, drive operational excellence, and contribute to Saudi Arabia’s economic diversification efforts.

*For further details on Bahri’s governance practices and investor relations, visit [Bahri’s official website](https://www.bahri.sa).*

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**About Bahri**
Bahri, a publicly traded company on the Saudi Stock Exchange (Tadawul: 4030), is a global leader in logistics and transportation, offering integrated solutions across oil, gas, chemicals, dry bulk, and logistics sectors. The company plays a pivotal role in advancing Saudi Arabia’s Vision 2030 through innovation and sustainable growth.

*Media Contact:*
Bahri Corporate Communications
[email protected] | +966 11 299 5555

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*This press release is for informational purposes only and does not constitute legal or financial advice.*

**FAQs: Bahri’s Ordinary General Assembly Meeting (December 26, 2023)**

1. **What was the primary purpose of Bahri’s Ordinary General Assembly meeting held on December 26, 2023?**
The meeting aimed to approve the Board of Directors’ decisions for the previous term, discuss agenda items, and elect new board members for the upcoming term, ensuring governance continuity.

2. **How was the quorum achieved for the 2023 Ordinary General Assembly meeting?**
A quorum of 52.72% of Bahri’s total shares was met through shareholder participation via modern technology, enabling remote voting and attendance as per regulatory guidelines.

3. **Why did Bahri utilize modern technology to conduct this General Assembly meeting?**
The virtual format aligned with Saudi Arabia’s digital transformation goals, ensuring accessibility, transparency, and compliance with regulatory standards for remote shareholder engagement.

4. **What were the key outcomes of the board member elections during the meeting?**
New board members were elected to oversee strategic initiatives, though specific names and voting details will be disclosed in official regulatory filings post-meeting.

5. **Which decisions or resolutions by the previous Board of Directors were approved?**
Shareholders ratified the Board’s 2023 decisions, including financial, operational, and governance matters, though specifics require review of the meeting’s official minutes.

6. **How were shareholders informed about the meeting’s agenda and logistics?**
Bahri communicated through official channels, including the Tadawul platform, emails, and its website, detailing agenda items, voting procedures, and tech requirements for participation.

7. **What steps follow the approval of board decisions and elections at this meeting?**
The newly elected board will assume responsibilities immediately, focusing on executing Bahri’s strategic goals, while shareholders await formal disclosures via Tadawul and annual reports.

8. **Does Bahri’s virtual meeting format comply with Saudi regulatory standards?**
Yes, the virtual assembly adhered to Saudi Capital Market Authority (CMA) regulations, ensuring legal validity and safeguarding shareholder rights through secure digital protocols.

9. **How might the meeting’s outcomes impact Bahri’s operational or financial performance?**
The ratified decisions and new board appointments aim to enhance governance and strategic alignment, potentially driving long-term growth in logistics and shipping sectors.

10. **Will there be additional General Assembly meetings in 2024?**
Bahri may convene Extraordinary General Assemblies if urgent matters arise, but the next Ordinary meeting is typically held annually, per the company’s bylaws.

11. **How can shareholders access the official minutes or resolutions from this meeting?**
Minutes will be published on Bahri’s investor relations platform, the Tadawul website, and distributed via email to registered shareholders post-regulatory approval.

12. **What role do shareholders play if they couldn’t attend the meeting?**
Absent shareholders could delegate proxies or vote remotely via digital platforms, ensuring their voices were included in decision-making processes.

13. **Were there any technical challenges reported during the virtual meeting?**
No disruptions were publicly disclosed, as Bahri likely employed robust IT systems to facilitate seamless participation, per Saudi corporate best practices.

14. **How does the 52.72% quorum compare to previous Bahri General Assemblies?**
As this was the first meeting conducted digitally, the quorum reflects strong shareholder engagement, though historical comparisons require analysis of past assembly disclosures.

15. **How do the meeting’s decisions align with Bahri’s Vision 2030 contributions?**
The resolutions support Saudi Vision 2030 by strengthening corporate governance and positioning Bahri as a global logistics leader, fostering economic diversification and sustainability.

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Each FAQ addresses critical aspects of the meeting, balancing technical, procedural, and strategic insights for shareholders and stakeholders.

**🔔 Llamado a la Acción (CTA):**
¿Quieres seguir de cerca los próximos pasos de Bahri y su impacto en el sector logístico de Arabia Saudita? 🌍🚢
✅ **Visita el sitio web oficial** de Bahri para acceder a documentos detallados de la Asamblea.
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**📌 Conclusión:**
La exitosa celebración de la Asamblea General Ordinaria de Bahri no solo refuerza su compromiso con la transparencia y la gobernanza corporativa, sino que también marca un hito clave en su alineación con los objetivos de Visión 2030. Con una nueva Junta Directiva en funciones y el respaldo mayoritario de los accionistas, la compañía se posiciona para liderar la transformación del sector marítimo en la región, impulsando innovación y sostenibilidad. Un futuro navegable hacia el crecimiento está en el horizonte. 🌅

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**🙌 Agradecimiento:**
Gracias por leernos y ser parte de esta comunidad interesada en las tendencias empresariales de Medio Oriente. ¡Tu interés impulsa nuestro contenido! 💡
Un reconocimiento especial a los accionistas de Bahri por su participación activa en este proceso democrático, demostrando una vez más que la colaboración es el motor del progreso.

*#Bahri #Visión2030 #GobernanzaCorporativa*