Bahri Annual Report-2017

Annual Report 2017

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5 Disclosure & Transparency

former shareholders. Bahri also provides all news about its performance and activities through the official channels, such as “Tadawul” website, in accordance with CMA directives and the disclosure policy adopted by the Company as part of its corporate governance regulations. Bahri transparently discloses all necessary information, especially as it pertains to its commercial, operational and financial activities, without violating confidentiality, its trade secrets and unique commercial know-how.

All the information provided by Bahri is limited to public information that has already been disclosed through official communication channels and is consistent with the CMA directives as well as the Ministry of Commerce & Investment. Through the Company’s website (www.bahri.sa), the Company provides a forum for its shareholders and all other users to communicate with the Company on an ongoing basis. This website can be used to search for any information required, and any updated information related to the Company, which includes annual, quarterly, and operational reports, as well as the Company’s publications, announcements, and information about current and

Bahri adopts a policy of disclosure and transparency as stipulated in its corporate governance regulations and the requirements that pertain to the presentation and disclosure of information while preparing this report, thereby ensuring that accurate information is delivered to its intended audience; such as shareholders, financiers, regulators and other stakeholders. Bahri’s disclosure and transparency policy also includes sharing information related to accounting, compliance with corporate governance standards, details about the Board of Directors and its committees, as well as information about the executive management and their relevant tasks.

Departure from the accounting standards issued by the Saudi Organization for Certified Public Accountants (SOCPA): Description of any interest in a class of voting shares held by persons (other than the Company’s Board of Directors, senior executives, and their relatives) that have informed the Company of their holdings pursuant to Article (45) of the Listing Rules of the Capital Markets Authority, together with any change to such interest during the last fiscal year: Description of the categories and numbers of any transferrable debt instruments any contractual securities or offering memoranda on subscription rights offers or similar rights issued or granted by the Company during the fiscal year with explanations for any compensation acquired by the Company for that:

Description of any redemption, purchase, or cancellation by the Company of any redeemable debt instruments and the value of the remaining securities, with a distinction between the listed securities purchased by the Company and those purchased by the subsidiaries: Description of any transfer or subscription rights under transferrable debt instruments or any contractual securities or any subscription rights or similar rights issued or granted by the Company:

The Company does not have any transfer or subscription rights under transferrable debt instruments or any offering rights memos or similar rights issued or granted by the Company.

There is no departure from the accounting standards released by SOCPA

The Company has not received any notification regarding any interest in a class of voting shares.

The Company and its subsidiaries do not have any such recovery, purchase, or cancellation of any recoverable debt instruments.

The Company does not have any categories of transferrable debt instruments, nor any contractual securities, offering memoranda on subscription rights, or any similar rights issued or granted by the Company during the fiscal year.

Description of any transaction between the Company and any related party:

There is no transaction between the Company and any related party.

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