March 30, 2025 - The Board of Directors of Morabaha Marina Financing Company (“mrna”) is pleased to invite shareholders to participate in and vote at the Ordinary General Assembly Meeting (First Meeting), which, God willing, will be held remotely via modern technology at 20:30 on Thursday, 19 Shawwal 1446 AH, corresponding to 17 April 2025 AD.
At the company’s headquarters in Riyadh – Al-Nakheel District, via modern technology (remotely).
1. Voting on the appointment of Mr. Nasser bin Mohammed Al-Qasabi (Independent Member) to the Board of Directors, effective August 10, 2024, to serve the remainder of the board’s term until June 14, 2025, replacing former member Mr. Waleed bin Youssef Al-Ghomlas (Non-Executive Member).
2. Voting on the appointment of Mr. Abdulrahman bin Abdullah bin Dakheel (Independent Member) to the Board of Directors, effective August 10, 2024, to complete the board’s term until June 14, 2025, replacing former member Mr. Saad bin Abdulaziz Al-Hoshan (Non-Executive Member).
3. Voting on appointing the company’s external auditor from the nominated firms, based on the Audit Committee’s recommendation. The selected auditor will review and audit the financial statements for Q1, Q2, and Q3, as well as the annual financials for the fiscal year 2025 and Q1 of 2026. The meeting will also determine the auditor’s compensation.
4. Voting on filing a liability lawsuit against Mr. Waleed Youssef Abdulrazzaq Al-Ghomlas, in his capacity as the former Executive Managing Director, and authorizing the Board of Directors to take the necessary legal and regulatory actions accordingly.
Shareholders have the right to discuss the agenda items and ask questions. Shareholders registered on the Tadawulaty electronic services platform can vote remotely on the General Assembly’s agenda items via electronic voting.
Registered shareholders in Tadawulaty services can cast their votes electronically on the meeting’s agenda from 01:00 AM on April 13, 2025, until the end of the General Assembly Meeting. Registration and voting through Tadawulaty services are available free of charge to all shareholders using the following link:
For any inquiries, shareholders may contact the Shareholder Relations Department via:
📧 Email: [email protected]
📞 Toll-free number: 8001111810, Ext. 1159